Ontario Teachers Pension Plan Board Sells 13,231 Shares of Robert Half Inc. (NYSE:RHI)

Ontario Teachers Pension Plan Board decreased its stake in Robert Half Inc. (NYSE:RHI - Free Report) by 18.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,274 shares of the business services provider's stock after selling 13,231 shares during the period. Ontario Teachers Pension Plan Board owned about 0.06% of Robert Half worth $5,211,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Hsbc Holdings PLC increased its stake in shares of Robert Half by 17.8% in the third 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 during the period. Twin Capital Management Inc. increased its position in 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 valued at $677,000 after acquiring an additional 2,148 shares during the period. Mackenzie Financial Corp raised 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 valued at $4,683,000 after acquiring an additional 13,503 shares during the last quarter. Nordea Investment Management AB lifted its holdings in shares of Robert Half by 88.5% during the third 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 period. Finally, Rehmann Capital Advisory Group grew its stake in shares of Robert Half by 9.5% in the third quarter. Rehmann Capital Advisory Group now owns 5,925 shares of the business services provider's stock worth $434,000 after purchasing an additional 512 shares during the last quarter. Institutional investors and hedge funds own 92.41% of the company's stock.

Robert Half Stock Down 2.0 %

RHI traded down $1.36 during trading on Wednesday, hitting $67.39. The company's stock had a trading volume of 2,094,398 shares, compared to its average volume of 1,088,223. The firm has a market capitalization of $7.07 billion, a P/E ratio of 20.18, a PEG ratio of 3.38 and a beta of 1.30. Robert Half Inc. has a twelve month low of $64.65 and a twelve month high of $88.39. The stock's fifty day moving average price is $73.31 and its 200-day moving average price is $78.81.

Robert Half (NYSE:RHI - Get Free Report) last released its earnings results on Thursday, April 25th. The business services provider reported $0.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.60 by $0.01. The company 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 quarterly revenue was down 14.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.14 EPS. Equities research analysts expect that Robert Half Inc. will post 2.92 EPS for the current fiscal year.

Robert Half Dividend Announcement

The company 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. The ex-dividend date is Thursday, May 23rd. This represents a $2.12 annualized dividend and a dividend yield of 3.15%. Robert Half's dividend payout ratio is presently 63.47%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on RHI shares. Robert W. Baird lowered 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. Truist Financial upgraded Robert Half from a "sell" rating to a "hold" rating and set a $72.00 target price on the stock in a report on Monday, April 22nd. StockNews.com downgraded shares of Robert Half from a "buy" rating to a "hold" rating in a research report on Tuesday. Finally, BMO Capital Markets dropped 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. One investment 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, the company presently has an average rating of "Hold" and a consensus target price of $68.14.

Insider Activity at Robert Half

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

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.