Charles Schwab Investment Management Inc. Decreases Holdings in Robert Half Inc. (NYSE:RHI)

Charles Schwab Investment Management Inc. trimmed its holdings in Robert Half Inc. (NYSE:RHI - Free Report) by 0.5% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 2,621,758 shares of the business services provider's stock after selling 12,924 shares during the period. Charles Schwab Investment Management Inc. owned approximately 2.48% of Robert Half worth $230,505,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in RHI. Mawer Investment Management Ltd. purchased a new position in Robert Half in the third quarter worth approximately $106,840,000. Boston Partners grew its position in Robert Half by 61.5% in the third quarter. Boston Partners now owns 2,395,745 shares of the business services provider's stock worth $175,400,000 after acquiring an additional 911,969 shares during the period. Northern Trust Corp grew its position in Robert Half by 10.1% in the third quarter. Northern Trust Corp now owns 1,792,144 shares of the business services provider's stock worth $131,328,000 after acquiring an additional 164,517 shares during the period. Schroder Investment Management Group lifted its stake in Robert Half by 83.7% during the third quarter. Schroder Investment Management Group now owns 325,023 shares of the business services provider's stock worth $23,818,000 after purchasing an additional 148,063 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in Robert Half by 8.6% during the third quarter. Invesco Ltd. now owns 1,706,986 shares of the business services provider's stock worth $125,088,000 after purchasing an additional 135,664 shares in the last quarter. 92.41% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on RHI shares. BMO Capital Markets decreased their price target on 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. Robert W. Baird decreased 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. Truist Financial upgraded Robert Half from a "sell" rating to a "hold" rating and set a $72.00 price target on the stock in a research note on Monday, April 22nd. Finally, StockNews.com cut Robert Half from a "buy" rating to a "hold" rating in a research note on Friday, May 3rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Robert Half has an average rating of "Hold" and a consensus price target of $68.14.

Insider Buying and Selling at Robert Half

In other Robert Half news, EVP Robert W. Glass sold 7,500 shares of the firm's 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 sale, the executive vice president now directly 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 can be accessed through this link. 3.00% of the stock is owned by insiders.

Robert Half Price Performance

Shares of NYSE RHI traded up $0.03 during mid-day trading on Thursday, hitting $70.15. The company had a trading volume of 766,375 shares, compared to its average volume of 1,094,297. The company has a market capitalization of $7.36 billion, a PE ratio of 21.00, a price-to-earnings-growth ratio of 3.30 and a beta of 1.30. Robert Half Inc. has a 1-year low of $64.65 and a 1-year high of $88.39. The business's 50-day simple moving average is $75.32 and its 200 day simple moving average is $79.07.

Robert Half (NYSE:RHI - Get Free Report) last announced its quarterly earnings data on Thursday, April 25th. The business services provider reported $0.61 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts' expectations of $1.49 billion. During the same period last year, the firm earned $1.14 earnings per share. The company's revenue for the quarter was down 14.0% compared to the same quarter last year. On average, analysts expect that Robert Half Inc. will post 2.98 EPS for the current year.

Robert Half Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders 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 yield of 3.02%. The ex-dividend date is Thursday, May 23rd. Robert Half's dividend payout ratio is presently 63.47%.

About Robert Half

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.