Mackenzie Financial Corp Purchases 13,503 Shares of Robert Half Inc. (NYSE:RHI)

Mackenzie Financial Corp increased its stake in Robert Half Inc. (NYSE:RHI - Free Report) by 34.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 53,265 shares of the business services provider's stock after purchasing an additional 13,503 shares during the quarter. Mackenzie Financial Corp owned approximately 0.05% of Robert Half worth $4,683,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Venturi Wealth Management LLC grew its stake in Robert Half by 55.0% in the 4th quarter. Venturi Wealth Management LLC now owns 420 shares of the business services provider's stock valued at $37,000 after buying an additional 149 shares in the last quarter. Larson Financial Group LLC purchased a new position in Robert Half in the 3rd quarter valued at approximately $39,000. CoreFirst Bank & Trust grew its stake in Robert Half by 440.0% in the 3rd quarter. CoreFirst Bank & Trust now owns 540 shares of the business services provider's stock valued at $40,000 after buying an additional 440 shares in the last quarter. Orion Capital Management LLC purchased a new position in Robert Half in the 3rd quarter valued at approximately $43,000. Finally, Planned Solutions Inc. purchased a new position in Robert Half in the 4th quarter valued at approximately $59,000. Institutional investors own 92.41% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on RHI. BMO Capital Markets reduced their price objective on shares of 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 shares of Robert Half from a "sell" rating to a "hold" rating and set a $72.00 price objective for the company in a research note on Monday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, Robert Half has a consensus rating of "Hold" and a consensus target price of $68.57.

Robert Half Trading Up 1.8 %

Shares of RHI traded up $1.27 during mid-day trading on Monday, reaching $71.50. 1,354,188 shares of the stock traded hands, compared to its average volume of 1,035,630. The firm has a fifty day moving average price of $78.01 and a 200 day moving average price of $79.59. The company has a market cap of $7.52 billion, a price-to-earnings ratio of 18.48, a price-to-earnings-growth ratio of 17.51 and a beta of 1.26. Robert Half Inc. has a 1 year low of $64.65 and a 1 year high of $88.39.

Robert Half (NYSE:RHI - Get Free Report) last announced its earnings results on Tuesday, January 30th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.01. Robert Half had a net margin of 6.43% and a return on equity of 25.73%. The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.47 billion. During the same period in the previous year, the business earned $1.37 earnings per share. The firm's quarterly revenue was down 14.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Robert Half Inc. will post 3.34 EPS for the current year.

Robert Half Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, February 23rd were paid a $0.53 dividend. The ex-dividend date was Thursday, February 22nd. This is an increase from Robert Half's previous quarterly dividend of $0.48. This represents a $2.12 annualized dividend and a yield of 2.97%. Robert Half's payout ratio is currently 54.78%.

Insiders Place Their Bets

In other Robert Half news, EVP Robert W. Glass sold 7,500 shares of the business's stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $80.46, for a total value of $603,450.00. Following the completion of the sale, the executive vice president now directly owns 186,062 shares of the company's stock, valued at $14,970,548.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.00% of the stock is currently owned by insiders.

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.