CANADA LIFE ASSURANCE Co Sells 32,170 Shares of Robert Half Inc. (NYSE:RHI)

CANADA LIFE ASSURANCE Co lowered its holdings in Robert Half Inc. (NYSE:RHI - Free Report) by 19.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 131,034 shares of the business services provider's stock after selling 32,170 shares during the period. CANADA LIFE ASSURANCE Co owned approximately 0.13% of Robert Half worth $9,235,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in RHI. Mawer Investment Management Ltd. raised its position in Robert Half by 72.6% during the fourth quarter. Mawer Investment Management Ltd. now owns 8,079,597 shares of the business services provider's stock valued at $569,288,000 after purchasing an additional 3,398,257 shares in the last quarter. Boston Partners raised its holdings in shares of Robert Half by 17.5% during the 4th quarter. Boston Partners now owns 8,554,276 shares of the business services provider's stock worth $602,867,000 after buying an additional 1,271,237 shares in the last quarter. Norges Bank acquired a new position in shares of Robert Half during the 4th quarter worth $60,257,000. Wellington Management Group LLP lifted its position in shares of Robert Half by 293.3% during the 4th quarter. Wellington Management Group LLP now owns 831,359 shares of the business services provider's stock worth $58,578,000 after buying an additional 619,982 shares during the last quarter. Finally, Schroder Investment Management Group boosted its stake in Robert Half by 124.2% in the fourth quarter. Schroder Investment Management Group now owns 724,419 shares of the business services provider's stock valued at $50,956,000 after buying an additional 401,369 shares in the last quarter. Institutional investors and hedge funds own 92.41% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on RHI shares. Barclays lowered their target price on Robert Half from $80.00 to $50.00 and set an "equal weight" rating for the company in a report on Thursday, April 10th. StockNews.com downgraded shares of Robert Half from a "buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Truist Financial decreased their price target on shares of Robert Half from $90.00 to $60.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. JPMorgan Chase & Co. reduced their price objective on shares of Robert Half from $69.00 to $65.00 and set a "neutral" rating on the stock in a research note on Thursday, January 30th. Finally, BNP Paribas raised Robert Half from an "underperform" rating to an "outperform" rating and set a $71.50 target price for the company in a research report on Monday, February 10th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $64.92.

Robert Half Stock Performance

RHI opened at $45.14 on Tuesday. The firm has a market cap of $4.60 billion, a P/E ratio of 18.50 and a beta of 1.13. Robert Half Inc. has a fifty-two week low of $44.31 and a fifty-two week high of $78.41. The firm has a 50-day moving average of $53.71 and a 200 day moving average of $64.34.

Robert Half (NYSE:RHI - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The business services provider reported $0.53 EPS for the quarter, missing analysts' consensus estimates of $0.54 by ($0.01). Robert Half had a net margin of 4.34% and a return on equity of 17.20%. Equities research analysts predict that Robert Half Inc. will post 2.48 earnings per share for the current fiscal year.

Robert Half Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Tuesday, February 25th were given a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $2.36 annualized dividend and a dividend yield of 5.23%. This is a boost from Robert Half's previous quarterly dividend of $0.53. Robert Half's dividend payout ratio (DPR) is 96.72%.

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.

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