Victory Capital Management Inc. Grows Position in Robert Half Inc. (NYSE:RHI)

Victory Capital Management Inc. grew its stake in shares of Robert Half Inc. (NYSE:RHI) by 32.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 613,752 shares of the business services provider’s stock after buying an additional 151,261 shares during the period. Victory Capital Management Inc. owned 0.59% of Robert Half worth $41,373,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of RHI. Blue Trust Inc. increased its position in Robert Half by 489.4% during the second quarter. Blue Trust Inc. now owns 389 shares of the business services provider’s stock worth $25,000 after buying an additional 323 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of Robert Half in the third quarter valued at $27,000. Reston Wealth Management LLC purchased a new stake in shares of Robert Half in the third quarter valued at $34,000. Versant Capital Management Inc purchased a new stake in shares of Robert Half in the second quarter valued at $35,000. Finally, Family Firm Inc. purchased a new stake in shares of Robert Half in the second quarter valued at $45,000. Hedge funds and other institutional investors own 92.41% of the company’s stock.

Robert Half Price Performance

Shares of RHI opened at $73.42 on Friday. The stock’s 50-day moving average is $68.00 and its two-hundred day moving average is $65.74. The stock has a market cap of $7.58 billion, a PE ratio of 26.80 and a beta of 1.23. Robert Half Inc. has a 12 month low of $57.05 and a 12 month high of $88.39.

Robert Half (NYSE:RHI) last issued its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02. Robert Half had a return on equity of 18.78% and a net margin of 4.84%. The company had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter in the previous year, the firm posted $0.90 earnings per share. The firm’s quarterly revenue was down 6.3% on a year-over-year basis. On average, research analysts anticipate that Robert Half Inc. will post 2.45 earnings per share for the current year.

Robert Half Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, November 25th will be paid a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 2.89%. The ex-dividend date is Monday, November 25th. Robert Half’s dividend payout ratio (DPR) is 77.37%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on RHI. BMO Capital Markets lowered their price objective on Robert Half from $72.00 to $64.00 and set a “market perform” rating for the company in a research report on Thursday, July 25th. Barclays reduced their target price on Robert Half from $70.00 to $60.00 and set an “underweight” rating on the stock in a report on Friday, July 26th. Truist Financial reduced their target price on Robert Half from $72.00 to $62.00 and set a “hold” rating on the stock in a report on Friday, July 26th. Finally, JPMorgan Chase & Co. reduced their target price on Robert Half from $70.00 to $69.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $69.00.

Robert Half 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.