Mawer Investment Management Ltd. Has $156.51 Million Stock Position in Robert Half Inc. (NYSE:RHI)

Mawer Investment Management Ltd. increased its holdings in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 22.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,780,150 shares of the business services provider's stock after acquiring an additional 322,183 shares during the period. Mawer Investment Management Ltd. owned about 1.68% of Robert Half worth $156,511,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Commonwealth Equity Services LLC raised its stake in shares of Robert Half by 2.9% in the third quarter. Commonwealth Equity Services LLC now owns 6,663 shares of the business services provider's stock worth $488,000 after acquiring an additional 188 shares during the last quarter. IFM Investors Pty Ltd lifted its holdings in Robert Half by 14.0% during the 3rd quarter. IFM Investors Pty Ltd now owns 23,974 shares of the business services provider's stock worth $1,757,000 after buying an additional 2,950 shares in the last quarter. Advisor Partners II LLC boosted its position in Robert Half by 37.6% in the 3rd quarter. Advisor Partners II LLC now owns 7,209 shares of the business services provider's stock valued at $528,000 after buying an additional 1,970 shares during the last quarter. TD Asset Management Inc increased its stake in shares of Robert Half by 7.7% in the 3rd quarter. TD Asset Management Inc now owns 67,666 shares of the business services provider's stock valued at $4,959,000 after buying an additional 4,821 shares during the period. Finally, ING Groep NV bought a new stake in shares of Robert Half during the third quarter worth $985,000. 92.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. StockNews.com cut Robert Half from a "buy" rating to a "hold" rating in a report on Friday, May 3rd. 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. Robert W. Baird reduced their price objective on shares of Robert Half from $84.00 to $79.00 and set an "outperform" rating on the stock in a research note on Friday, April 26th. Finally, BMO Capital Markets lowered their target price on shares of Robert Half from $85.00 to $80.00 and set a "market perform" rating for the company in a report on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average 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 stock in a transaction dated 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 $14,970,548.52. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, EVP Robert W. Glass sold 7,500 shares of the 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 transaction, the executive vice president now owns 186,062 shares in the company, valued at $14,970,548.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dirk A. Kempthorne sold 2,221 shares of the business's stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $69.66, for a total transaction of $154,714.86. Following the sale, the director now directly owns 10,713 shares in the company, valued at $746,267.58. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by insiders.

Robert Half Price Performance

Shares of NYSE RHI traded up $0.61 during midday trading on Friday, reaching $70.76. 749,370 shares of the stock were exchanged, compared to its average volume of 1,339,793. Robert Half Inc. has a 12 month low of $64.65 and a 12 month high of $88.39. The business has a 50-day simple moving average of $74.91 and a two-hundred day simple moving average of $79.04. The company has a market capitalization of $7.42 billion, a price-to-earnings ratio of 21.19, a P/E/G ratio of 3.30 and a beta of 1.30.

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 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 company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same period in the prior year, the company earned $1.14 earnings per share. The company's revenue for the quarter was down 14.0% compared to the same quarter last year. Equities research analysts expect that Robert Half Inc. will post 2.98 earnings per share for the current fiscal year.

Robert Half Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 24th will be issued a dividend of $0.53 per share. The ex-dividend date is Thursday, May 23rd. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.00%. Robert Half's payout ratio is 63.47%.

Robert Half 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.