First Horizon Advisors Inc. Has $235,000 Stake in Robert Half Inc. (NYSE:RHI)

First Horizon Advisors Inc. lowered its position in Robert Half Inc. (NYSE:RHI) by 9.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,675 shares of the business services provider’s stock after selling 264 shares during the period. First Horizon Advisors Inc.’s holdings in Robert Half were worth $235,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in RHI. Silver Lake Advisory LLC boosted its stake in shares of Robert Half by 1.7% during the 4th quarter. Silver Lake Advisory LLC now owns 50,479 shares of the business services provider’s stock worth $4,438,000 after acquiring an additional 828 shares in the last quarter. Victory Capital Management Inc. grew its holdings in Robert Half by 508.2% during the fourth quarter. Victory Capital Management Inc. now owns 34,990 shares of the business services provider’s stock valued at $3,076,000 after purchasing an additional 29,237 shares during the last quarter. Chase Investment Counsel Corp raised its position in shares of Robert Half by 20.0% in the fourth quarter. Chase Investment Counsel Corp now owns 12,000 shares of the business services provider’s stock valued at $1,055,000 after purchasing an additional 2,000 shares during the period. Capital Investment Counsel Inc lifted its stake in shares of Robert Half by 7.1% in the fourth quarter. Capital Investment Counsel Inc now owns 3,705 shares of the business services provider’s stock worth $326,000 after buying an additional 245 shares during the last quarter. Finally, Unique Wealth Strategies LLC bought a new stake in shares of Robert Half during the 4th quarter worth $732,000. Institutional investors own 92.41% of the company’s stock.

Robert Half Stock Performance

RHI opened at $70.16 on Monday. The firm’s fifty day moving average is $75.95 and its two-hundred day moving average is $79.19. The firm has a market cap of $7.38 billion, a PE ratio of 21.01, 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 data on Thursday, April 25th. The business services provider reported $0.61 EPS for the quarter, topping the consensus estimate of $0.60 by $0.01. Robert Half had a return on equity of 22.36% and a net margin of 5.74%. The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter last year, the business posted $1.14 EPS. The firm’s revenue was down 14.0% compared to the same quarter last year. Equities analysts forecast that Robert Half Inc. will post 2.98 EPS for the current fiscal year.

Robert Half Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 24th will be issued a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 3.02%. The ex-dividend date is Thursday, May 23rd. Robert Half’s dividend payout ratio (DPR) is presently 63.47%.

Wall Street Analyst Weigh In

RHI has been the topic of several recent analyst reports. Robert W. Baird dropped their target price on shares of Robert Half from $84.00 to $79.00 and set an “outperform” rating on the stock in a report on Friday, April 26th. StockNews.com lowered Robert Half from a “buy” rating to a “hold” rating in a research note on Friday. BMO Capital Markets decreased their target price on Robert Half from $85.00 to $80.00 and set a “market perform” rating for the company in a research note on Wednesday, January 31st. Finally, Truist Financial raised Robert Half from a “sell” rating to a “hold” rating and set a $72.00 price target on the stock in a research report on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Robert Half currently has a consensus rating of “Hold” and an average price target of $68.14.

Insider Activity at Robert Half

In other Robert Half news, EVP Robert W. Glass sold 7,500 shares of Robert Half stock in a transaction that occurred 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 transaction, the executive vice president now owns 186,062 shares of the company’s stock, valued at $14,970,548.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 3.00% of the stock is owned by insiders.

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.