Handelsbanken Fonder AB Has $1.86 Million Holdings in Robert Half Inc. (NYSE:RHI)

Handelsbanken Fonder AB cut its stake in shares of Robert Half Inc. (NYSE:RHI) by 0.9% in the fourth quarter, Holdings Channel reports. The firm owned 21,100 shares of the business services provider’s stock after selling 200 shares during the quarter. Handelsbanken Fonder AB’s holdings in Robert Half were worth $1,855,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Venturi Wealth Management LLC grew its stake in shares of Robert Half by 55.0% during the fourth quarter. Venturi Wealth Management LLC now owns 420 shares of the business services provider’s stock worth $37,000 after purchasing an additional 149 shares during the period. Larson Financial Group LLC acquired a new position in Robert Half in the third quarter valued at about $39,000. CoreFirst Bank & Trust grew its stake in Robert Half by 440.0% in the third quarter. CoreFirst Bank & Trust now owns 540 shares of the business services provider’s stock valued at $40,000 after acquiring an additional 440 shares during the period. Orion Capital Management LLC acquired a new position in Robert Half in the third quarter valued at about $43,000. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its stake in 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 acquiring an additional 260 shares during the period. 92.41% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Robert Half

In other news, EVP Robert W. Glass sold 7,500 shares of the company’s 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 of the company’s stock, valued at $14,970,548.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.00% of the company’s stock.

Robert Half Stock Down 1.8 %

NYSE:RHI opened at $69.35 on Friday. The stock’s 50 day moving average price is $77.22 and its two-hundred day moving average price is $79.44. The firm has a market capitalization of $7.29 billion, a price-to-earnings ratio of 17.92, a P/E/G ratio of 17.82 and a beta of 1.26. Robert Half Inc. has a 12-month low of $64.65 and a 12-month high of $88.39.

Robert Half (NYSE:RHI) last released 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. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.49 billion. Robert Half had a return on equity of 25.73% and a net margin of 6.43%. The business’s revenue for the quarter was down 14.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.14 earnings per share. Equities research analysts expect that Robert Half Inc. will post 3.34 EPS for the current year.

Robert Half Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, February 23rd were paid a $0.53 dividend. This is a positive change from Robert Half’s previous quarterly dividend of $0.48. The ex-dividend date was Thursday, February 22nd. This represents a $2.12 annualized dividend and a yield of 3.06%. Robert Half’s dividend payout ratio is currently 54.78%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on RHI. Truist Financial raised Robert Half from a “sell” rating to a “hold” rating and set a $72.00 target price for the company in a research note on Monday, April 22nd. Robert W. Baird cut their price target on Robert Half from $84.00 to $79.00 and set an “outperform” rating on the stock in a report on Friday. Finally, BMO Capital Markets dropped their target price on Robert Half from $85.00 to $80.00 and set a “market perform” rating on the stock in a report on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently 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.