Robert Half Inc. (NYSE:RHI) Shares Sold by New York Life Investment Management LLC

New York Life Investment Management LLC lessened its stake in Robert Half Inc. (NYSE:RHI) by 4.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,749 shares of the business services provider’s stock after selling 1,338 shares during the period. New York Life Investment Management LLC’s holdings in Robert Half were worth $2,264,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Mawer Investment Management Ltd. bought a new stake in shares of Robert Half in the 3rd quarter valued at approximately $106,840,000. Boston Partners boosted its holdings in Robert Half by 61.5% in the third quarter. Boston Partners now owns 2,395,745 shares of the business services provider’s stock worth $175,400,000 after purchasing an additional 911,969 shares during the period. Northern Trust Corp increased its stake in Robert Half by 10.1% during the third quarter. Northern Trust Corp now owns 1,792,144 shares of the business services provider’s stock valued at $131,328,000 after purchasing an additional 164,517 shares during the last quarter. Schroder Investment Management Group increased its stake in Robert Half by 83.7% during the third quarter. Schroder Investment Management Group now owns 325,023 shares of the business services provider’s stock valued at $23,818,000 after purchasing an additional 148,063 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Robert Half by 8.6% during the third quarter. Invesco Ltd. now owns 1,706,986 shares of the business services provider’s stock worth $125,088,000 after purchasing an additional 135,664 shares during the period. 92.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on RHI. BMO Capital Markets dropped their price objective on shares of Robert Half from $85.00 to $80.00 and set a “market perform” rating on the stock in a research note on Wednesday, January 31st. StockNews.com lowered Robert Half from a “buy” rating to a “hold” rating in a report on Friday. Truist Financial upgraded Robert Half from a “sell” rating to a “hold” rating and set a $72.00 target price for the company in a research report on Monday, April 22nd. Finally, Robert W. Baird reduced their price objective on shares of Robert Half from $84.00 to $79.00 and set an “outperform” rating for the company in a research report on Friday, April 26th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Robert Half presently has an average rating of “Hold” and a consensus target price of $68.14.

Insider Activity

In related 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 sale, the executive vice president now directly owns 186,062 shares in the company, valued at $14,970,548.52. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 3.00% of the stock is owned by corporate insiders.

Robert Half Stock Performance

Robert Half stock opened at $70.01 on Tuesday. Robert Half Inc. has a 52 week low of $64.65 and a 52 week high of $88.39. The firm has a market capitalization of $7.35 billion, a price-to-earnings ratio of 20.96, a P/E/G ratio of 3.30 and a beta of 1.30. The company has a 50 day moving average price of $75.74 and a 200 day moving average price of $79.16.

Robert Half (NYSE:RHI) last issued its earnings results on Thursday, April 25th. The business services provider reported $0.61 EPS 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 business had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Robert Half’s revenue was down 14.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.14 earnings per share. Equities analysts forecast that Robert Half Inc. will post 2.98 earnings per share 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. Shareholders of record on Friday, May 24th will be paid a dividend of $0.53 per share. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $2.12 annualized dividend and a yield of 3.03%. Robert Half’s dividend payout ratio (DPR) is presently 63.47%.

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.