Robeco Institutional Asset Management B.V. Sells 211,855 Shares of Robert Half Inc. (NYSE:RHI)

Robeco Institutional Asset Management B.V. lessened its holdings in Robert Half Inc. (NYSE:RHI - Free Report) by 62.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 127,576 shares of the business services provider's stock after selling 211,855 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.12% of Robert Half worth $11,216,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Hsbc Holdings PLC grew its holdings 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 worth $57,594,000 after purchasing an additional 118,800 shares during the last quarter. Ontario Teachers Pension Plan Board grew its holdings in shares of Robert Half by 151.9% in 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 during the last quarter. Twin Capital Management Inc. grew its holdings in shares of Robert Half by 38.7% in the 4th quarter. Twin Capital Management Inc. now owns 7,700 shares of the business services provider's stock worth $677,000 after purchasing an additional 2,148 shares during the last quarter. Mackenzie Financial Corp grew its holdings in shares of Robert Half by 34.0% in the 4th quarter. Mackenzie Financial Corp now owns 53,265 shares of the business services provider's stock worth $4,683,000 after purchasing an additional 13,503 shares during the last quarter. Finally, Nordea Investment Management AB grew its holdings in shares of 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 during the last quarter. Institutional investors own 92.41% of the company's stock.

Insider Buying and Selling

In related news, Director Dirk A. Kempthorne sold 2,221 shares of the stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $69.66, for a total transaction of $154,714.86. Following the completion of the sale, the director now directly owns 10,713 shares of the company's stock, valued at approximately $746,267.58. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, EVP Robert W. Glass sold 7,500 shares of the firm's stock in a transaction that occurred 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 directly owns 186,062 shares of the company's stock, valued at approximately $14,970,548.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dirk A. Kempthorne sold 2,221 shares of the firm's stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $69.66, for a total transaction of $154,714.86. Following the transaction, the director now directly owns 10,713 shares of the company's stock, valued at $746,267.58. The disclosure for this sale can be found here. 3.00% of the stock is owned by company insiders.

Robert Half Trading Down 0.6 %

Shares of NYSE:RHI traded down $0.46 during mid-day trading on Monday, reaching $70.41. The stock had a trading volume of 728,920 shares, compared to its average volume of 1,077,432. The firm has a market cap of $7.39 billion, a PE ratio of 21.08, a price-to-earnings-growth ratio of 3.40 and a beta of 1.30. The firm has a 50 day simple moving average of $73.81 and a two-hundred day simple moving average of $78.95. Robert Half Inc. has a twelve month low of $64.65 and a twelve month high of $88.39.

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 for the quarter, beating analysts' consensus estimates of $0.60 by $0.01. The business had revenue of $1.48 billion for 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%. Robert Half's revenue for the quarter was down 14.0% on a year-over-year basis. During the same period last year, the company posted $1.14 EPS. On average, equities analysts anticipate that Robert Half Inc. will post 2.92 EPS for the current fiscal year.

Robert Half Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 24th will be paid 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 yield of 3.01%. Robert Half's payout ratio is 63.47%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on RHI shares. BMO Capital Markets reduced their price target on shares of 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. StockNews.com upgraded shares of Robert Half from a "hold" rating to a "buy" rating in a research report on Monday, May 13th. Robert W. Baird cut their target price on shares of Robert Half from $84.00 to $79.00 and set an "outperform" rating on the stock in a research report on Friday, April 26th. Finally, Truist Financial upgraded shares of Robert Half from a "sell" rating to a "hold" rating and set a $72.00 target price on the stock in a research report on Monday, April 22nd. 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, the company presently has an average rating of "Hold" and a consensus target price of $68.14.

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.