Robert Half Inc. (NYSE:RHI) Director Dirk A. Kempthorne Sells 2,221 Shares

Robert Half Inc. (NYSE:RHI) Director Dirk A. Kempthorne sold 2,221 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $69.66, for a total value of $154,714.86. Following the completion of the transaction, the director now owns 10,713 shares in the company, valued at $746,267.58. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Robert Half Price Performance

NYSE:RHI traded up $0.26 during midday trading on Friday, reaching $70.41. 49,385 shares of the company traded hands, compared to its average volume of 1,082,495. The company has a fifty day moving average price of $75.11 and a 200 day moving average price of $79.00. The firm has a market capitalization of $7.39 billion, a price-to-earnings ratio of 21.00, a price-to-earnings-growth ratio of 3.30 and a beta of 1.30. Robert Half Inc. has a twelve month low of $64.65 and a twelve month high of $88.39.

Robert Half (NYSE:RHI) last issued its quarterly earnings results on Thursday, April 25th. The business services provider reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. Robert Half had a return on equity of 22.36% and a net margin of 5.74%. The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same period last year, the company earned $1.14 earnings per share. The company’s quarterly revenue was down 14.0% compared to the same quarter last year. On average, equities research analysts forecast that Robert Half Inc. will post 2.98 earnings per share for the current fiscal year.

Robert Half Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 24th will be issued a dividend of $0.53 per share. The ex-dividend date is Thursday, May 23rd. This represents a $2.12 annualized dividend and a yield of 3.01%. Robert Half’s payout ratio is presently 63.47%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Fidelis Capital Partners LLC acquired a new position in Robert Half in the 1st quarter worth approximately $26,000. Venturi Wealth Management LLC increased its holdings in shares of Robert Half by 55.0% in the 4th quarter. Venturi Wealth Management LLC now owns 420 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 149 shares during the period. Larson Financial Group LLC acquired a new stake in shares of Robert Half during the third quarter worth approximately $39,000. CoreFirst Bank & Trust grew its position in Robert Half by 440.0% during the third quarter. CoreFirst Bank & Trust now owns 540 shares of the business services provider’s stock valued at $40,000 after purchasing an additional 440 shares in the last quarter. Finally, Orion Capital Management LLC acquired a new position in Robert Half in the 3rd quarter valued at approximately $43,000. 92.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Truist Financial upgraded shares of Robert Half from a “sell” rating to a “hold” rating and set a $72.00 target price on the stock in a report on Monday, April 22nd. BMO Capital Markets cut 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 report on Wednesday, January 31st. Robert W. Baird decreased their price objective on shares of Robert Half from $84.00 to $79.00 and set an “outperform” rating for the company in a report on Friday, April 26th. Finally, StockNews.com lowered shares of Robert Half from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $68.14.

About Robert Half

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.