Empowered Funds LLC Has $2.05 Million Stake in Robert Half Inc. (NYSE:RHI)

Empowered Funds LLC trimmed its holdings in Robert Half Inc. (NYSE:RHI) by 33.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,047 shares of the business services provider’s stock after selling 14,326 shares during the period. Empowered Funds LLC’s holdings in Robert Half were worth $2,047,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in RHI. V Square Quantitative Management LLC acquired a new stake in shares of Robert Half in the third quarter valued at approximately $27,000. Private Trust Co. NA lifted its position in shares of Robert Half by 79.7% in the third quarter. Private Trust Co. NA now owns 433 shares of the business services provider’s stock valued at $29,000 after buying an additional 192 shares during the last quarter. Reston Wealth Management LLC bought a new position in shares of Robert Half during the third quarter worth approximately $34,000. Eastern Bank bought a new position in shares of Robert Half during the fourth quarter worth approximately $35,000. Finally, GAMMA Investing LLC increased its stake in shares of Robert Half by 35.6% during the third quarter. GAMMA Investing LLC now owns 682 shares of the business services provider’s stock worth $46,000 after purchasing an additional 179 shares during the period. 92.41% of the stock is owned by institutional investors and hedge funds.

Robert Half Price Performance

Robert Half stock opened at $60.12 on Friday. The stock’s fifty day moving average price is $68.56 and its two-hundred day moving average price is $67.62. Robert Half Inc. has a one year low of $57.05 and a one year high of $83.25. The firm has a market cap of $6.21 billion, a PE ratio of 24.64 and a beta of 1.23.

Robert Half (NYSE:RHI) last issued its quarterly earnings results on Wednesday, January 29th. The business services provider reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.01). Robert Half had a net margin of 4.34% and a return on equity of 17.20%. Sell-side analysts expect that Robert Half Inc. will post 2.53 earnings per share for the current fiscal year.

Robert Half Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Tuesday, February 25th will be paid a $0.59 dividend. This is a positive change from Robert Half’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Tuesday, February 25th. This represents a $2.36 annualized dividend and a dividend yield of 3.93%. Robert Half’s dividend payout ratio (DPR) is presently 96.72%.

Insider Activity

In other news, Director Dirk A. Kempthorne sold 1,032 shares of Robert Half stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $74.35, for a total value of $76,729.20. Following the transaction, the director now owns 12,310 shares in the company, valued at approximately $915,248.50. This trade represents a 7.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Truist Financial upgraded Robert Half from a “hold” rating to a “buy” rating and increased their target price for the stock from $62.00 to $90.00 in a research note on Friday, December 13th. BNP Paribas upgraded Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 target price on the stock in a research note on Monday, February 10th. JPMorgan Chase & Co. lowered their target price on Robert Half from $69.00 to $65.00 and set a “neutral” rating on the stock in a research note on Thursday, January 30th. Finally, Barclays upgraded Robert Half from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $60.00 to $80.00 in a research note on Friday, January 3rd. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $74.92.

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.