Xponance Inc. Sells 2,689 Shares of Robert Half Inc. (NYSE:RHI)

Xponance Inc. lessened its stake in Robert Half Inc. (NYSE:RHI) by 14.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,473 shares of the business services provider’s stock after selling 2,689 shares during the quarter. Xponance Inc.’s holdings in Robert Half were worth $1,448,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Mawer Investment Management Ltd. acquired a new stake in Robert Half in the 3rd quarter valued at approximately $106,840,000. Boston Partners raised its holdings in shares of Robert Half by 61.5% in the third quarter. Boston Partners now owns 2,395,745 shares of the business services provider’s stock valued at $175,400,000 after purchasing an additional 911,969 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Robert Half by 10.1% in 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 lifted its position in shares of Robert Half by 83.7% in the third quarter. Schroder Investment Management Group now owns 325,023 shares of the business services provider’s stock worth $23,818,000 after purchasing an additional 148,063 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in 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 last quarter. 92.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Robert Half news, EVP Robert W. Glass sold 7,500 shares of the company’s stock in a transaction 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 directly owns 186,062 shares of the company’s stock, valued at approximately $14,970,548.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 3.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

RHI has been the topic of several analyst reports. Truist Financial raised 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 report on Monday. BMO Capital Markets decreased their price target on Robert Half from $85.00 to $80.00 and set a “market perform” rating for the company in a research note on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $68.57.

Robert Half Trading Down 0.0 %

Shares of NYSE RHI opened at $71.50 on Thursday. The stock has a 50 day moving average of $77.64 and a 200-day moving average of $79.55. Robert Half Inc. has a 12 month low of $64.65 and a 12 month high of $88.39. The company has a market capitalization of $7.52 billion, a P/E ratio of 18.50, a P/E/G ratio of 17.82 and a beta of 1.26.

Robert Half (NYSE:RHI) last posted its earnings results on Tuesday, January 30th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.01. Robert Half had a net margin of 6.43% and a return on equity of 25.73%. The company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same quarter last year, the company posted $1.37 EPS. Robert Half’s quarterly revenue was down 14.7% compared to the same quarter last year. Analysts predict 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. Stockholders of record on Friday, February 23rd were given a $0.53 dividend. This is an increase 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 dividend yield of 2.97%. Robert Half’s dividend payout ratio is presently 54.78%.

Robert Half Company 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.