Tributary Capital Management LLC Grows Stock Position in Robert Half Inc. (NYSE:RHI)

Tributary Capital Management LLC boosted its holdings in Robert Half Inc. (NYSE:RHI) by 46.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 13,575 shares of the business services provider’s stock after acquiring an additional 4,299 shares during the period. Tributary Capital Management LLC’s holdings in Robert Half were worth $956,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Mawer Investment Management Ltd. grew its position in shares of Robert Half by 28.9% in the third quarter. Mawer Investment Management Ltd. now owns 4,681,340 shares of the business services provider’s stock valued at $315,569,000 after purchasing an additional 1,049,005 shares during the last quarter. FORA Capital LLC acquired a new stake in Robert Half during the 3rd quarter valued at $1,792,000. Renaissance Technologies LLC increased its position in Robert Half by 136.3% during the second quarter. Renaissance Technologies LLC now owns 88,400 shares of the business services provider’s stock worth $5,656,000 after buying an additional 50,995 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Robert Half by 20.5% in the third quarter. JPMorgan Chase & Co. now owns 270,467 shares of the business services provider’s stock worth $18,232,000 after acquiring an additional 46,100 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its position in shares of Robert Half by 828.9% in the third quarter. Janus Henderson Group PLC now owns 463,570 shares of the business services provider’s stock valued at $31,249,000 after acquiring an additional 413,664 shares in the last quarter. 92.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on RHI. JPMorgan Chase & Co. reduced their target price on shares of Robert Half from $70.00 to $69.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Barclays raised shares of Robert Half from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $60.00 to $80.00 in a research note on Friday, January 3rd. BNP Paribas lowered Robert Half from an “outperform” rating to an “underperform” rating and set a $64.00 price target on the stock. in a research note on Monday, December 16th. Finally, Truist Financial raised Robert Half from a “hold” rating to a “buy” rating and lifted their price objective for the company from $62.00 to $90.00 in a research report on Friday, December 13th. One investment 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 MarketBeat.com, Robert Half currently has an average rating of “Hold” and a consensus price target of $74.33.

Insider Transactions at Robert Half

In other news, Director Dirk A. Kempthorne sold 1,032 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $74.35, for a total value of $76,729.20. Following the completion of the sale, the director now owns 12,310 shares of the company’s stock, valued at $915,248.50. This represents a 7.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.00% of the company’s stock.

Robert Half Stock Down 0.9 %

RHI stock opened at $69.85 on Friday. Robert Half Inc. has a 52 week low of $57.05 and a 52 week high of $83.25. The company has a market cap of $7.21 billion, a price-to-earnings ratio of 25.49 and a beta of 1.24. The business has a fifty day simple moving average of $71.92 and a 200-day simple moving average of $67.74.

Robert Half (NYSE:RHI) last released 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 the consensus estimate of $1.44 billion. During the same period last year, the business posted $0.90 EPS. The company’s quarterly revenue was down 6.3% compared to the same quarter last year. As a group, analysts expect that Robert Half Inc. will post 2.45 earnings per share for the current fiscal year.

Robert Half Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, November 25th were given a dividend of $0.53 per share. The ex-dividend date of this dividend was Monday, November 25th. This represents a $2.12 dividend on an annualized basis and a yield of 3.03%. Robert Half’s dividend payout ratio (DPR) is 77.37%.

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.