Bank Julius Baer & Co. Ltd Zurich Boosts Holdings in Robert Half Inc. (NYSE:RHI)

Bank Julius Baer & Co. Ltd Zurich boosted its position in shares of Robert Half Inc. (NYSE:RHI) by 10.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 64,000 shares of the business services provider’s stock after purchasing an additional 5,801 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich owned about 0.06% of Robert Half worth $5,627,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Venturi Wealth Management LLC raised its stake in shares of Robert Half by 55.0% in the fourth quarter. Venturi Wealth Management LLC now owns 420 shares of the business services provider’s stock worth $37,000 after purchasing an additional 149 shares during the last quarter. GAMMA Investing LLC purchased a new position in shares of Robert Half in the fourth quarter worth $46,000. Larson Financial Group LLC purchased a new position in shares of Robert Half in the third quarter worth $39,000. CoreFirst Bank & Trust raised its stake in shares of Robert Half by 440.0% in the third quarter. CoreFirst Bank & Trust now owns 540 shares of the business services provider’s stock worth $40,000 after purchasing an additional 440 shares during the last quarter. Finally, Orion Capital Management LLC purchased a new position in shares of Robert Half in the third quarter worth $43,000. 92.41% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on RHI shares. BMO Capital Markets decreased their price target 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. Truist Financial upgraded Robert Half from a “sell” rating to a “hold” rating and set a $72.00 price target for the company in a research note on Monday, April 22nd. Finally, Robert W. Baird reduced their price objective on Robert Half from $84.00 to $79.00 and set an “outperform” rating for the company in a research report on Friday. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Robert Half currently has an average rating of “Hold” and an average target price of $68.14.

Robert Half Stock Performance

NYSE:RHI opened at $69.35 on Friday. The stock has a 50-day simple moving average of $76.99 and a two-hundred day simple moving average of $79.39. Robert Half Inc. has a 52-week low of $64.65 and a 52-week high of $88.39. The firm has a market capitalization of $7.29 billion, a PE ratio of 20.76, a P/E/G ratio of 17.55 and a beta of 1.26.

Robert Half (NYSE:RHI) last released its quarterly earnings results on Thursday, April 25th. The business services provider reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.01. Robert Half had a return on equity of 22.08% and a net margin of 5.74%. The business had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same quarter in the previous year, the company posted $1.14 earnings per share. Robert Half’s revenue for the quarter was down 14.0% on a year-over-year basis. Equities analysts forecast that Robert Half Inc. will post 3.35 earnings per share for the current fiscal year.

Robert Half Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, February 23rd were issued a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 3.06%. The ex-dividend date was Thursday, February 22nd. This is a positive change from Robert Half’s previous quarterly dividend of $0.48. Robert Half’s payout ratio is currently 63.47%.

Insider Buying and Selling at Robert Half

In other news, EVP Robert W. Glass sold 7,500 shares of the company’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $80.46, for a total value of $603,450.00. Following the completion of the transaction, the executive vice president now owns 186,062 shares of the company’s stock, valued at $14,970,548.52. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 3.00% of the stock is currently owned by corporate insiders.

About Robert Half

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.