Capital World Investors Boosts Holdings in Robert Half Inc. (NYSE:RHI)

Capital World Investors boosted its position in Robert Half Inc. (NYSE:RHIFree Report) by 6.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,574,944 shares of the business services provider’s stock after buying an additional 917,311 shares during the quarter. Capital World Investors owned 13.76% of Robert Half worth $1,281,429,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC increased its holdings in Robert Half by 55.0% in the fourth quarter. Venturi Wealth Management LLC now owns 420 shares of the business services provider’s stock valued at $37,000 after buying an additional 149 shares during the last quarter. GAMMA Investing LLC bought a new stake in Robert Half during the 4th quarter valued at $46,000. CoreFirst Bank & Trust raised its stake in shares of Robert Half by 440.0% during the third quarter. CoreFirst Bank & Trust now owns 540 shares of the business services provider’s stock valued at $40,000 after purchasing an additional 440 shares in the last quarter. Orion Capital Management LLC bought a new stake in Robert Half during the third quarter worth approximately $43,000. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of Robert Half by 72.2% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 620 shares of the business services provider’s stock valued at $55,000 after buying an additional 260 shares during the period. 92.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. StockNews.com upgraded Robert Half from a “hold” rating to a “buy” rating in a report on Wednesday, May 29th. Truist Financial upgraded shares of 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, Robert W. Baird lowered their price objective 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. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $68.14.

Read Our Latest Stock Analysis on Robert Half

Insiders Place Their Bets

In other 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 value of $603,450.00. Following the completion of the sale, the executive vice president now owns 186,062 shares of the company’s stock, valued at approximately $14,970,548.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Dirk A. Kempthorne sold 2,221 shares of the business’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 value of $154,714.86. Following the sale, the director now directly owns 10,713 shares of the company’s stock, valued at approximately $746,267.58. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Robert W. Glass sold 7,500 shares of Robert Half 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 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 owned by insiders.

Robert Half Stock Performance

RHI stock traded down $0.52 during mid-day trading on Wednesday, hitting $63.22. 1,217,522 shares of the company were exchanged, compared to its average volume of 1,232,213. Robert Half Inc. has a 1-year low of $62.78 and a 1-year high of $88.39. The firm’s 50 day simple moving average is $70.81 and its 200 day simple moving average is $78.02. The firm has a market cap of $6.63 billion, a P/E ratio of 19.08, a P/E/G ratio of 5.20 and a beta of 1.25.

Robert Half (NYSE:RHIGet Free Report) last released its quarterly earnings results on Thursday, April 25th. The business services provider reported $0.61 earnings per share 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 for the quarter, compared to analysts’ expectations of $1.49 billion. During the same period in the previous year, the business posted $1.14 earnings per share. The business’s quarterly revenue was down 14.0% compared to the same quarter last year. On average, equities research analysts predict that Robert Half Inc. will post 2.92 EPS for the current fiscal year.

Robert Half Announces Dividend

The company 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 of this dividend is Thursday, May 23rd. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.35%. Robert Half’s dividend payout ratio is 63.47%.

Robert Half Company Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding RHI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Robert Half Inc. (NYSE:RHIFree Report).

Institutional Ownership by Quarter for Robert Half (NYSE:RHI)

Receive News & Ratings for Robert Half Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Robert Half and related companies with MarketBeat.com's FREE daily email newsletter.