abrdn plc Buys 40,568 Shares of Robert Half Inc. (NYSE:RHI)

abrdn plc raised its position in Robert Half Inc. (NYSE:RHI - Free Report) by 14.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 318,522 shares of the business services provider's stock after buying an additional 40,568 shares during the period. abrdn plc owned approximately 0.30% of Robert Half worth $28,004,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC raised its stake in shares of 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 purchasing an additional 149 shares in the last quarter. Larson Financial Group LLC acquired a new stake in shares of Robert Half in the 3rd quarter valued at about $39,000. CoreFirst Bank & Trust raised its stake in shares of 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 purchasing an additional 440 shares in the last quarter. Orion Capital Management LLC acquired a new stake in shares of Robert Half in the 3rd quarter valued at about $43,000. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of Robert Half by 72.2% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 620 shares of the business services provider's stock valued at $55,000 after purchasing an additional 260 shares in the last quarter. 92.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on RHI shares. BMO Capital Markets cut their target price on shares of Robert Half from $85.00 to $80.00 and set a "market perform" rating on the stock 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 on the stock in a research note on Monday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $68.57.

Robert Half Trading Up 0.0 %

RHI traded up $0.02 on Tuesday, hitting $71.52. 1,056,277 shares of the company's stock were exchanged, compared to its average volume of 1,035,895. The firm has a market cap of $7.52 billion, a PE ratio of 18.56, a P/E/G ratio of 17.51 and a beta of 1.26. Robert Half Inc. has a twelve month low of $64.65 and a twelve month high of $88.39. The stock has a fifty day moving average of $77.80 and a two-hundred day moving average of $79.58.

Robert Half (NYSE:RHI - Get Free Report) last released its quarterly earnings data on Tuesday, January 30th. The business services provider reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.01. The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.47 billion. Robert Half had a net margin of 6.43% and a return on equity of 25.73%. Robert Half's quarterly revenue was down 14.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.37 earnings per share. On average, analysts predict 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. Stockholders of record on Friday, February 23rd were issued a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date was Thursday, February 22nd. This is a boost from Robert Half's previous quarterly dividend of $0.48. Robert Half's payout ratio is 54.78%.

Insider Activity

In other news, EVP Robert W. Glass sold 7,500 shares of Robert Half stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $80.46, for a total transaction of $603,450.00. Following the sale, 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 link. Corporate insiders own 3.00% of the company's stock.

Robert Half 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.