Unique Wealth Strategies LLC Invests $732,000 in Robert Half Inc. (NYSE:RHI)

Unique Wealth Strategies LLC purchased a new position in shares of Robert Half Inc. (NYSE:RHI) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 8,330 shares of the business services provider’s stock, valued at approximately $732,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. CWM LLC boosted its position in shares of Robert Half by 15.2% in the third quarter. CWM LLC now owns 5,882 shares of the business services provider’s stock worth $431,000 after acquiring an additional 774 shares during the last quarter. IFP Advisors Inc boosted its position in shares of Robert Half by 6.1% in the third quarter. IFP Advisors Inc now owns 3,078 shares of the business services provider’s stock worth $226,000 after acquiring an additional 177 shares during the last quarter. Czech National Bank boosted its position in shares of Robert Half by 46.7% in the third quarter. Czech National Bank now owns 18,716 shares of the business services provider’s stock worth $1,372,000 after acquiring an additional 5,960 shares during the last quarter. Handelsbanken Fonder AB boosted its position in shares of Robert Half by 54.3% in the third quarter. Handelsbanken Fonder AB now owns 21,300 shares of the business services provider’s stock worth $1,561,000 after acquiring an additional 7,500 shares during the last quarter. Finally, Grimes & Company Inc. boosted its position in shares of Robert Half by 3.4% in the third quarter. Grimes & Company Inc. now owns 211,289 shares of the business services provider’s stock worth $15,483,000 after acquiring an additional 6,903 shares during the last quarter. 92.41% of the stock is currently owned by hedge funds and other institutional investors.

Robert Half Stock Down 1.8 %

Shares of NYSE RHI traded down $1.25 during trading on Friday, reaching $69.35. 2,130,676 shares of the stock were exchanged, compared to its average volume of 999,589. The business’s 50-day moving average price is $76.99 and its 200 day moving average price is $79.39. Robert Half Inc. has a twelve month low of $64.65 and a twelve month high of $88.39. The company has a market capitalization of $7.29 billion, a price-to-earnings ratio of 20.76, a price-to-earnings-growth ratio of 17.55 and a beta of 1.26.

Robert Half (NYSE:RHI) last posted its earnings results on Thursday, April 25th. The business services provider reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.01. Robert Half had a net margin of 5.74% and a return on equity of 22.08%. The business had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same period in the previous year, the company posted $1.14 earnings per share. The business’s revenue for the quarter was down 14.0% compared to the same quarter last year. As a group, sell-side analysts expect that Robert Half Inc. will post 3.35 earnings per share for the current fiscal year.

Robert Half Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, February 23rd were paid a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date of this dividend was Thursday, February 22nd. This is a positive change from Robert Half’s previous quarterly dividend of $0.48. Robert Half’s payout ratio is 63.47%.

Analysts Set New Price Targets

RHI has been the topic of several research analyst reports. Truist Financial raised shares of Robert Half from a “sell” rating to a “hold” rating and set a $72.00 target price on the stock in a research report on Monday, April 22nd. BMO Capital Markets reduced their price target on shares of Robert Half from $85.00 to $80.00 and set a “market perform” rating on the stock in a research report on Wednesday, January 31st. Finally, Robert W. Baird reduced their price target on shares of Robert Half from $84.00 to $79.00 and set an “outperform” rating on the stock in a research report on Friday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Robert Half has a consensus rating of “Hold” and a consensus target price of $68.14.

Insider Buying and Selling

In related news, EVP Robert W. Glass sold 7,500 shares of Robert Half stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $80.46, for a total value of $603,450.00. Following the completion of the sale, the executive vice president now owns 186,062 shares in the company, valued at $14,970,548.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 3.00% of the company’s stock.

Robert Half Company Profile

Robert Half Inc provides talent solutions and business consulting services in North America, South America, Europe, Asia, and Australia. The company operates through Contract Talent Solutions, Permanent Placement Talent Solutions, and Protiviti segments. The Contract Talent Solutions segment provides contract engagement professionals in the fields of finance and accounting, technology, marketing and creative, legal and administrative, and customer support.