Livforsakringsbolaget Skandia Omsesidigt Increases Position in Robert Half Inc. (NYSE:RHI)

Livforsakringsbolaget Skandia Omsesidigt raised its position in Robert Half Inc. (NYSE:RHI) by 72.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 620 shares of the business services provider’s stock after acquiring an additional 260 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Robert Half were worth $55,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of RHI. Hsbc Holdings PLC boosted its holdings in shares of Robert Half by 17.8% during 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 boosted its holdings in shares of Robert Half by 151.9% during 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. Nordea Investment Management AB boosted its holdings in shares of Robert Half by 88.5% during 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. Rehmann Capital Advisory Group boosted its holdings in shares of Robert Half by 9.5% during the 3rd 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. Finally, Toroso Investments LLC boosted its holdings in shares of Robert Half by 11.8% during the 3rd quarter. Toroso Investments LLC now owns 41,244 shares of the business services provider’s stock worth $3,022,000 after purchasing an additional 4,348 shares during the last quarter. 92.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Robert Half

In other Robert Half news, EVP Robert W. Glass sold 7,500 shares of the business’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 sale, the executive vice president now owns 186,062 shares of the company’s stock, valued at $14,970,548.52. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.70% of the stock is owned by corporate insiders.

Robert Half Stock Up 1.0 %

Shares of NYSE RHI opened at $70.23 on Friday. The firm has a market cap of $7.38 billion, a price-to-earnings ratio of 18.15, a PEG ratio of 17.28 and a beta of 1.26. Robert Half Inc. has a 52-week low of $64.65 and a 52-week high of $88.39. The business’s 50 day moving average is $78.01 and its two-hundred day moving average is $79.51.

Robert Half (NYSE:RHI) last announced its earnings results on Tuesday, January 30th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.01. The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.47 billion. Robert Half had a return on equity of 25.73% and a net margin of 6.43%. The firm’s quarterly revenue was down 14.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.37 earnings per share. Analysts anticipate that Robert Half Inc. will post 3.34 EPS for the current fiscal year.

Robert Half Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, February 23rd were given 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 dividend on an annualized basis and a yield of 3.02%. Robert Half’s payout ratio is presently 54.78%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. 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. Truist Financial lifted their price target on shares of Robert Half from $66.00 to $72.00 and gave the company a “sell” rating in a research report on Thursday, January 25th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Robert Half has a consensus rating of “Hold” and an average target price of $68.57.

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.