Russell Investments Group Ltd. Acquires 56,556 Shares of Robert Half Inc. (NYSE:RHI)

Russell Investments Group Ltd. increased its stake in Robert Half Inc. (NYSE:RHI - Free Report) by 37.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 208,411 shares of the business services provider's stock after buying an additional 56,556 shares during the quarter. Russell Investments Group Ltd. owned about 0.20% of Robert Half worth $18,328,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. Venturi Wealth Management LLC boosted its holdings 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 worth $37,000 after acquiring an additional 149 shares during the period. GAMMA Investing LLC acquired a new stake in Robert Half during the 4th quarter valued at $46,000. Larson Financial Group LLC purchased a new stake in Robert Half during the 3rd quarter worth $39,000. CoreFirst Bank & Trust lifted its holdings in Robert Half by 440.0% in the 3rd 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. Finally, Orion Capital Management LLC purchased a new position in Robert Half in the 3rd quarter valued at about $43,000. Institutional investors and hedge funds own 92.41% of the company's stock.

Insider Buying and Selling

In related news, EVP Robert W. Glass sold 7,500 shares of the company's stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 186,062 shares in the company, valued at approximately $14,970,548.52. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 3.00% of the company's stock.

Robert Half Stock Up 0.8 %

RHI stock traded up $0.58 during trading on Friday, hitting $70.16. 799,734 shares of the company's stock traded hands, compared to its average volume of 1,107,631. The stock has a market capitalization of $7.38 billion, a price-to-earnings ratio of 20.83, a price-to-earnings-growth ratio of 3.25 and a beta of 1.30. Robert Half Inc. has a 52 week low of $64.65 and a 52 week high of $88.39. The stock has a fifty day moving average price of $76.15 and a two-hundred day moving average price of $79.19.

Robert Half (NYSE:RHI - Get Free Report) last posted its quarterly earnings results on Thursday, April 25th. The business services provider reported $0.61 EPS for the quarter, beating the consensus estimate of $0.60 by $0.01. Robert Half had a net margin of 5.74% and a return on equity of 22.36%. The business had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same period in the previous year, the business posted $1.14 EPS. The company's quarterly revenue was down 14.0% on a year-over-year basis. As a group, equities research analysts expect that Robert Half Inc. will post 2.98 EPS for the current fiscal year.

Robert Half Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 24th will be given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date of this dividend is Thursday, May 23rd. Robert Half's payout ratio is 63.47%.

Analyst Ratings Changes

Several research firms recently commented on RHI. Robert W. Baird cut their price target on Robert Half from $84.00 to $79.00 and set an "outperform" rating on the stock in a research note on Friday, April 26th. BMO Capital Markets decreased their price target on shares of Robert Half from $85.00 to $80.00 and set a "market perform" rating for the company in a research report on Wednesday, January 31st. Finally, Truist Financial raised shares of Robert Half from a "sell" rating to a "hold" rating and set a $72.00 price target on the stock in a report on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $68.14.

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.