Robert Half Inc. (NYSE:RHI) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC reduced its holdings in Robert Half Inc. (NYSE:RHI - Free Report) by 52.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,284 shares of the business services provider's stock after selling 11,519 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Robert Half were worth $904,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in RHI. Mawer Investment Management Ltd. bought a new stake in shares of Robert Half in the 3rd quarter worth approximately $106,840,000. Boston Partners lifted its stake in shares of Robert Half by 61.5% in the 3rd quarter. Boston Partners now owns 2,395,745 shares of the business services provider's stock valued at $175,400,000 after purchasing an additional 911,969 shares during the period. Northern Trust Corp lifted its stake in shares of Robert Half by 10.1% in the 3rd quarter. Northern Trust Corp now owns 1,792,144 shares of the business services provider's stock valued at $131,328,000 after purchasing an additional 164,517 shares during the period. Schroder Investment Management Group lifted its stake in shares of Robert Half by 83.7% in the 3rd quarter. Schroder Investment Management Group now owns 325,023 shares of the business services provider's stock valued at $23,818,000 after purchasing an additional 148,063 shares during the period. Finally, Invesco Ltd. lifted its stake in shares of Robert Half by 8.6% in the 3rd quarter. Invesco Ltd. now owns 1,706,986 shares of the business services provider's stock valued at $125,088,000 after purchasing an additional 135,664 shares during the period. 92.41% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Truist Financial upgraded Robert Half from a "sell" rating to a "hold" rating and set a $72.00 target price for the company in a research note on Monday. BMO Capital Markets lowered their target price on 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. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $68.57.

Insiders Place Their Bets

In other Robert Half news, EVP Robert W. Glass sold 7,500 shares of Robert Half stock in a transaction on Thursday, March 7th. The stock was 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 owns 186,062 shares of the company's stock, valued at approximately $14,970,548.52. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.00% of the company's stock.

Robert Half Trading Down 0.0 %

NYSE:RHI traded down $0.03 during trading hours on Wednesday, reaching $71.50. 1,628,026 shares of the company traded hands, compared to its average volume of 1,043,389. The business's 50-day moving average price is $77.64 and its two-hundred day moving average price is $79.55. The stock has a market capitalization of $7.52 billion, a P/E ratio of 18.50, a P/E/G ratio of 17.82 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 quarterly earnings data on Tuesday, January 30th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.82 by $0.01. The business had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.47 billion. Robert Half had a return on equity of 25.73% and a net margin of 6.43%. The firm's quarterly revenue was down 14.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.37 earnings per share. As a group, equities analysts anticipate that Robert Half Inc. will post 3.34 EPS for the current year.

Robert Half Increases Dividend

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

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.