Federated Hermes Inc. Trims Holdings in Robert Half Inc. (NYSE:RHI)

Federated Hermes Inc. trimmed its holdings in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 92.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,892 shares of the business services provider's stock after selling 35,522 shares during the quarter. Federated Hermes Inc.'s holdings in Robert Half were worth $254,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of RHI. Hsbc Holdings PLC raised its position in shares of Robert Half by 17.8% in the 3rd quarter. Hsbc Holdings PLC now owns 785,690 shares of the business services provider's stock valued at $57,594,000 after buying an additional 118,800 shares in the last quarter. Ontario Teachers Pension Plan Board increased its position in Robert Half by 151.9% during the 3rd quarter. Ontario Teachers Pension Plan Board now owns 72,505 shares of the business services provider's stock worth $5,313,000 after purchasing an additional 43,726 shares in the last quarter. Mackenzie Financial Corp grew its stake in shares of Robert Half by 34.0% during the fourth quarter. Mackenzie Financial Corp now owns 53,265 shares of the business services provider's stock worth $4,683,000 after buying an additional 13,503 shares during the last quarter. Nordea Investment Management AB increased its holdings in Robert Half by 88.5% in the 3rd quarter. Nordea Investment Management AB now owns 27,740 shares of the business services provider's stock worth $2,048,000 after purchasing an additional 13,026 shares in the last quarter. Finally, Rehmann Capital Advisory Group boosted its stake in shares of Robert Half by 9.5% during the third quarter. Rehmann Capital Advisory Group now owns 5,925 shares of the business services provider's stock valued at $434,000 after purchasing an additional 512 shares in the last quarter. Institutional investors own 92.41% of the company's stock.

Robert Half Price Performance

Shares of NYSE RHI traded down $0.15 during trading on Monday, reaching $70.01. 754,470 shares of the stock traded hands, compared to its average volume of 1,103,609. The company has a 50-day moving average of $75.95 and a 200-day moving average of $79.19. Robert Half Inc. has a 52-week low of $64.65 and a 52-week high of $88.39. The stock has a market capitalization of $7.35 billion, a P/E ratio of 21.01, a price-to-earnings-growth ratio of 3.30 and a beta of 1.30.

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

Robert Half Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 24th will be paid a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date of this dividend is Thursday, May 23rd. Robert Half's dividend payout ratio (DPR) is presently 63.47%.

Analysts Set New Price Targets

Several research firms have recently issued reports on RHI. Truist Financial raised shares of Robert Half from a "sell" rating to a "hold" rating and set a $72.00 price target for the company in a research note on Monday, April 22nd. StockNews.com lowered shares of Robert Half from a "buy" rating to a "hold" rating in a report on Friday. Robert W. Baird decreased their target price on Robert Half from $84.00 to $79.00 and set an "outperform" rating for the company in a research report on Friday, April 26th. Finally, BMO Capital Markets reduced their price objective 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 analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Robert Half presently has a consensus rating of "Hold" and a consensus price target of $68.14.

Insider Activity at Robert Half

In related news, EVP Robert W. Glass sold 7,500 shares of the company's stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $80.46, for a total transaction of $603,450.00. Following the completion of the sale, the executive vice president now directly owns 186,062 shares in the company, valued at approximately $14,970,548.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.00% of the stock is currently owned by company 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.