Teachers Retirement System of The State of Kentucky raised its holdings in Robert Half Inc. (NYSE:RHI - Free Report) by 50.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,550 shares of the business services provider's stock after acquiring an additional 12,245 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in Robert Half were worth $2,464,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in RHI. Blue Trust Inc. lifted its position in Robert Half by 489.4% during the 2nd quarter. Blue Trust Inc. now owns 389 shares of the business services provider's stock worth $25,000 after acquiring an additional 323 shares during the last quarter. V Square Quantitative Management LLC bought a new position in shares of Robert Half in the third quarter worth about $27,000. Private Trust Co. NA lifted its position in shares of Robert Half by 79.7% during the 3rd quarter. Private Trust Co. NA now owns 433 shares of the business services provider's stock worth $29,000 after purchasing an additional 192 shares during the last quarter. Reston Wealth Management LLC bought a new stake in Robert Half during the 3rd quarter valued at approximately $34,000. Finally, Family Firm Inc. acquired a new stake in Robert Half in the 2nd quarter valued at approximately $45,000. 92.41% of the stock is owned by institutional investors.
Shares of NYSE:RHI opened at $76.10 on Monday. The firm has a market capitalization of $7.86 billion, a PE ratio of 27.77 and a beta of 1.24. Robert Half Inc. has a 1-year low of $57.05 and a 1-year high of $88.39. The business's 50 day moving average is $71.62 and its 200-day moving average is $66.42.
Robert Half (NYSE:RHI - Get Free Report) last posted its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $0.64 earnings per share for the quarter, topping analysts' consensus estimates of $0.62 by $0.02. The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.44 billion. Robert Half had a net margin of 4.84% and a return on equity of 18.78%. The business's revenue was down 6.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.90 earnings per share. On average, sell-side analysts predict that Robert Half Inc. will post 2.45 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, November 25th were paid a $0.53 dividend. The ex-dividend date of this dividend was Monday, November 25th. This represents a $2.12 dividend on an annualized basis and a yield of 2.79%. Robert Half's payout ratio is currently 77.37%.
Several equities research analysts have recently weighed in on RHI shares. JPMorgan Chase & Co. reduced their price objective on Robert Half from $70.00 to $69.00 and set a "neutral" rating for the company in a research report on Wednesday, October 23rd. Truist Financial raised shares of Robert Half from a "hold" rating to a "buy" rating and increased their price target for the company from $62.00 to $90.00 in a report on Friday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $73.67.
Read Our Latest Stock Report on RHI
In other Robert Half news, Director Dirk A. Kempthorne sold 1,032 shares of Robert Half stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $74.35, for a total transaction of $76,729.20. Following the sale, the director now directly owns 12,310 shares of the company's stock, valued at approximately $915,248.50. The trade was a 7.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.00% of the company's stock.
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.
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