Greenleaf Trust Invests $246,000 in Robert Half Inc. (NYSE:RHI)

Greenleaf Trust bought a new position in Robert Half Inc. (NYSE:RHI) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 2,797 shares of the business services provider’s stock, valued at approximately $246,000.

Several other institutional investors have also recently made changes to their positions in the company. Empirical Asset Management LLC raised its position in shares of Robert Half by 2.6% in the 4th quarter. Empirical Asset Management LLC now owns 5,270 shares of the business services provider’s stock worth $463,000 after acquiring an additional 134 shares in the last quarter. Wahed Invest LLC raised its position in shares of Robert Half by 9.0% in the 3rd quarter. Wahed Invest LLC now owns 1,637 shares of the business services provider’s stock worth $120,000 after acquiring an additional 135 shares in the last quarter. Cypress Capital Group increased its position in Robert Half by 1.8% during the 3rd quarter. Cypress Capital Group now owns 8,402 shares of the business services provider’s stock valued at $616,000 after buying an additional 146 shares in the last quarter. Venturi Wealth Management LLC increased its position in Robert Half by 55.0% during the 4th quarter. Venturi Wealth Management LLC now owns 420 shares of the business services provider’s stock valued at $37,000 after buying an additional 149 shares in the last quarter. Finally, Treasurer of the State of North Carolina increased its position in Robert Half by 0.4% during the 3rd quarter. Treasurer of the State of North Carolina now owns 48,997 shares of the business services provider’s stock valued at $3,591,000 after buying an additional 175 shares in the last quarter. Institutional investors own 92.41% of the company’s stock.

Wall Street Analysts Forecast Growth

RHI has been the subject of a number of analyst reports. BMO Capital Markets reduced their price objective on Robert Half from $85.00 to $80.00 and set a “market perform” rating for the company in a research report on Wednesday, January 31st. Truist Financial raised Robert Half from a “sell” rating to a “hold” rating and set a $72.00 price objective for the company in a research report on Monday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $68.57.

Insider Transactions at Robert Half

In other news, EVP Robert W. Glass sold 7,500 shares of the firm’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $80.46, for a total value of $603,450.00. Following the transaction, the executive vice president now directly owns 186,062 shares in the company, valued at approximately $14,970,548.52. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 3.00% of the company’s stock.

Robert Half Trading Down 0.0 %

Shares of RHI opened at $71.50 on Thursday. The business’s fifty day simple moving average is $77.64 and its two-hundred day simple moving average is $79.55. Robert Half Inc. has a 12 month low of $64.65 and a 12 month high of $88.39. The company has a market cap of $7.52 billion, a price-to-earnings ratio of 18.48, a P/E/G ratio of 17.82 and a beta of 1.26.

Robert Half (NYSE:RHI) last issued its earnings results on Tuesday, January 30th. The business services provider reported $0.83 EPS for the quarter, beating the consensus estimate of $0.82 by $0.01. Robert Half had a return on equity of 25.73% and a net margin of 6.43%. The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same period last year, the business posted $1.37 EPS. The company’s revenue was down 14.7% compared to the same quarter last year. As a group, research analysts forecast that Robert Half Inc. will post 3.34 EPS for the current year.

Robert Half Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, February 23rd were paid a $0.53 dividend. This is an increase from Robert Half’s previous quarterly dividend of $0.48. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date was Thursday, February 22nd. Robert Half’s dividend payout ratio (DPR) is 54.78%.

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.