OMERS ADMINISTRATION Corp Sells 22,700 Shares of Robert Half Inc. (NYSE:RHI)

OMERS ADMINISTRATION Corp trimmed its stake in Robert Half Inc. (NYSE:RHI - Free Report) by 86.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,668 shares of the business services provider's stock after selling 22,700 shares during the period. OMERS ADMINISTRATION Corp's holdings in Robert Half were worth $258,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in RHI. Exchange Traded Concepts LLC grew its holdings in Robert Half by 1.4% in the 4th quarter. Exchange Traded Concepts LLC now owns 12,326 shares of the business services provider's stock valued at $868,000 after buying an additional 166 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in Robert Half by 0.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 30,716 shares of the business services provider's stock valued at $2,164,000 after buying an additional 205 shares during the last quarter. Quadrant Capital Group LLC grew its holdings in Robert Half by 11.3% in the 4th quarter. Quadrant Capital Group LLC now owns 2,155 shares of the business services provider's stock valued at $152,000 after buying an additional 218 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in Robert Half by 39.3% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 780 shares of the business services provider's stock valued at $55,000 after buying an additional 220 shares during the last quarter. Finally, Signaturefd LLC grew its holdings in Robert Half by 121.3% in the 4th quarter. Signaturefd LLC now owns 436 shares of the business services provider's stock valued at $31,000 after buying an additional 239 shares during the last quarter. 92.41% of the stock is owned by institutional investors.

Robert Half Price Performance

Robert Half stock opened at $48.16 on Tuesday. The company has a market capitalization of $4.92 billion, a PE ratio of 19.74 and a beta of 1.06. Robert Half Inc. has a one year low of $40.00 and a one year high of $78.41. The business has a 50 day simple moving average of $48.87 and a 200 day simple moving average of $61.27.

Robert Half (NYSE:RHI - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The business services provider reported $0.17 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 the consensus estimate of $1.41 billion. Robert Half had a return on equity of 17.20% and a net margin of 4.34%. Robert Half's quarterly revenue was down 8.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.61 EPS. Equities analysts anticipate that Robert Half Inc. will post 2.48 earnings per share for the current fiscal year.

Robert Half Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 23rd will be given a dividend of $0.59 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $2.36 annualized dividend and a dividend yield of 4.90%. Robert Half's dividend payout ratio (DPR) is presently 118.00%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on RHI shares. Truist Financial set a $55.00 target price on Robert Half and gave the company a "buy" rating in a report on Thursday, April 24th. BNP Paribas lowered Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 price objective on the stock. in a report on Friday, May 2nd. Barclays decreased their price objective on Robert Half from $50.00 to $45.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. The Goldman Sachs Group decreased their price objective on Robert Half from $46.00 to $40.00 and set a "sell" rating on the stock in a report on Thursday, April 24th. Finally, StockNews.com lowered Robert Half from a "buy" rating to a "hold" rating in a report on Tuesday, April 15th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $48.71.

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.

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