New York State Common Retirement Fund lowered its position in Robert Half Inc. (NYSE:RHI - Free Report) by 9.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 118,508 shares of the business services provider's stock after selling 12,315 shares during the period. New York State Common Retirement Fund owned approximately 0.11% of Robert Half worth $10,419,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also added to or reduced their stakes in the company. Venturi Wealth Management LLC raised its stake in shares of Robert Half by 55.0% during the fourth quarter. Venturi Wealth Management LLC now owns 420 shares of the business services provider's stock valued at $37,000 after acquiring an additional 149 shares in the last quarter. Larson Financial Group LLC bought a new position in Robert Half in the third quarter worth approximately $39,000. CoreFirst Bank & Trust raised its stake in Robert Half by 440.0% in the third quarter. CoreFirst Bank & Trust now owns 540 shares of the business services provider's stock worth $40,000 after buying an additional 440 shares in the last quarter. Orion Capital Management LLC bought a new position in Robert Half in the third quarter worth approximately $43,000. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its stake in Robert Half by 72.2% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 620 shares of the business services provider's stock worth $55,000 after buying an additional 260 shares in the last quarter. Institutional investors own 92.41% of the company's stock.
Insider Transactions at Robert Half
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 transaction, the executive vice president now owns 186,062 shares in the company, valued at $14,970,548.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 3.00% of the company's stock.
Robert Half Price Performance
Robert Half stock traded up $0.33 during midday trading on Thursday, reaching $69.58. The company had a trading volume of 1,343,039 shares, compared to its average volume of 1,111,178. The company has a market capitalization of $7.31 billion, a P/E ratio of 20.75, a P/E/G ratio of 3.14 and a beta of 1.30. Robert Half Inc. has a 12-month low of $64.65 and a 12-month high of $88.39. The firm's fifty day simple moving average is $76.34 and its 200-day simple moving average is $79.26.
Robert Half (NYSE:RHI - Get Free Report) last announced its quarterly earnings results on Thursday, April 25th. The business services provider reported $0.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.60 by $0.01. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.49 billion. Robert Half had a net margin of 5.74% and a return on equity of 22.36%. The business's revenue was down 14.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.14 EPS. On average, analysts expect that Robert Half Inc. will post 3.08 EPS for the current fiscal year.
Robert Half Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 24th will be issued a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.05%. Robert Half's dividend payout ratio is currently 63.47%.
Wall Street Analysts Forecast Growth
RHI has been the subject of a number of recent research reports. Robert W. Baird reduced their price objective on shares of Robert Half from $84.00 to $79.00 and set an "outperform" rating for the company in a research note on Friday, April 26th. Truist Financial raised Robert Half from a "sell" rating to a "hold" rating and set a $72.00 price target on the stock in a research report on Monday, April 22nd. Finally, BMO Capital Markets reduced their price target on Robert Half from $85.00 to $80.00 and set a "market perform" rating on the stock in a research report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $68.14.
Get Our Latest Research Report on Robert Half
Robert Half Company Profile
(
Free Report)
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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