CANADA LIFE ASSURANCE Co Sells 32,170 Shares of Robert Half Inc. (NYSE:RHI)

CANADA LIFE ASSURANCE Co lowered its stake in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 19.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 131,034 shares of the business services provider's stock after selling 32,170 shares during the quarter. CANADA LIFE ASSURANCE Co owned 0.13% of Robert Half worth $9,235,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of RHI. Mawer Investment Management Ltd. boosted its stake in shares of Robert Half by 72.6% in the 4th quarter. Mawer Investment Management Ltd. now owns 8,079,597 shares of the business services provider's stock worth $569,288,000 after buying an additional 3,398,257 shares during the last quarter. Boston Partners lifted its holdings in Robert Half by 17.5% during the fourth quarter. Boston Partners now owns 8,554,276 shares of the business services provider's stock worth $602,867,000 after acquiring an additional 1,271,237 shares during the period. Norges Bank purchased a new position in Robert Half in the fourth quarter worth $60,257,000. Wellington Management Group LLP grew its stake in Robert Half by 293.3% in the 4th quarter. Wellington Management Group LLP now owns 831,359 shares of the business services provider's stock valued at $58,578,000 after purchasing an additional 619,982 shares during the period. Finally, Schroder Investment Management Group increased its position in shares of Robert Half by 124.2% during the 4th quarter. Schroder Investment Management Group now owns 724,419 shares of the business services provider's stock valued at $50,956,000 after purchasing an additional 401,369 shares during the last quarter. 92.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on RHI shares. StockNews.com downgraded shares of Robert Half from a "buy" rating to a "hold" rating in a report on Tuesday, April 15th. The Goldman Sachs Group dropped their target price on shares of Robert Half from $46.00 to $40.00 and set a "sell" rating on the stock in a research note on Thursday. BNP Paribas upgraded shares of Robert Half from an "underperform" rating to an "outperform" rating and set a $71.50 price target for the company in a research note on Monday, February 10th. Truist Financial set a $55.00 price objective on Robert Half and gave the company a "buy" rating in a research note on Thursday. Finally, Barclays decreased their target price on Robert Half from $50.00 to $45.00 and set an "equal weight" rating for the company in a research report on Thursday. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $53.75.

Robert Half Trading Down 2.3 %

Shares of RHI stock traded down $1.03 during trading on Friday, reaching $43.98. 4,014,231 shares of the company's stock traded hands, compared to its average volume of 1,494,280. The firm's 50-day moving average is $52.58 and its 200 day moving average is $63.73. The company has a market capitalization of $4.49 billion, a P/E ratio of 18.02 and a beta of 1.13. Robert Half Inc. has a 1 year low of $40.00 and a 1 year high of $78.41.

Robert Half (NYSE:RHI - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The business services provider reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.19). The company had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.41 billion. Robert Half had a return on equity of 17.20% and a net margin of 4.34%. During the same quarter in the prior year, the company earned $0.61 EPS. As a group, sell-side analysts predict that Robert Half Inc. will post 2.48 earnings per share for the current fiscal year.

Robert Half Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Tuesday, February 25th were paid a $0.59 dividend. The ex-dividend date was Tuesday, February 25th. This represents a $2.36 annualized dividend and a yield of 5.37%. This is an increase from Robert Half's previous quarterly dividend of $0.53. Robert Half's dividend payout ratio (DPR) is currently 96.72%.

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.