Empowered Funds LLC Sells 14,326 Shares of Robert Half Inc. (NYSE:RHI)

Empowered Funds LLC decreased its stake in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 33.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 29,047 shares of the business services provider's stock after selling 14,326 shares during the quarter. Empowered Funds LLC's holdings in Robert Half were worth $2,047,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Mawer Investment Management Ltd. increased its holdings in shares of Robert Half by 28.9% during the 3rd quarter. Mawer Investment Management Ltd. now owns 4,681,340 shares of the business services provider's stock worth $315,569,000 after acquiring an additional 1,049,005 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Robert Half during the 3rd quarter worth approximately $41,096,000. Janus Henderson Group PLC increased its holdings in shares of Robert Half by 828.9% during the 3rd quarter. Janus Henderson Group PLC now owns 463,570 shares of the business services provider's stock worth $31,249,000 after acquiring an additional 413,664 shares during the last quarter. Pzena Investment Management LLC increased its holdings in shares of Robert Half by 41.9% during the 3rd quarter. Pzena Investment Management LLC now owns 1,027,683 shares of the business services provider's stock worth $69,276,000 after acquiring an additional 303,421 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its stake in Robert Half by 20.1% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,343,030 shares of the business services provider's stock valued at $90,534,000 after purchasing an additional 225,210 shares during the period. Institutional investors and hedge funds own 92.41% of the company's stock.

Insiders Place Their Bets

In other Robert Half news, Director Dirk A. Kempthorne sold 1,032 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $74.35, for a total value of $76,729.20. Following the transaction, the director now owns 12,310 shares in the company, valued at approximately $915,248.50. This represents a 7.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.00% of the company's stock.

Robert Half Trading Down 0.4 %

RHI traded down $0.25 on Tuesday, reaching $59.90. The stock had a trading volume of 208,503 shares, compared to its average volume of 1,238,330. Robert Half Inc. has a fifty-two week low of $57.05 and a fifty-two week high of $83.25. The firm has a 50-day moving average of $68.26 and a 200-day moving average of $67.65. The company has a market capitalization of $6.18 billion, a price-to-earnings ratio of 24.55 and a beta of 1.23.

Robert Half (NYSE:RHI - Get Free Report) last released its earnings results on Wednesday, January 29th. The business services provider reported $0.53 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.01). Robert Half had a return on equity of 17.20% and a net margin of 4.34%. Sell-side analysts anticipate that Robert Half Inc. will post 2.53 EPS for the current fiscal year.

Robert Half Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Tuesday, February 25th will be issued a $0.59 dividend. The ex-dividend date is Tuesday, February 25th. This represents a $2.36 annualized dividend and a yield of 3.94%. This is a positive change from Robert Half's previous quarterly dividend of $0.53. Robert Half's dividend payout ratio is presently 86.89%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. JPMorgan Chase & Co. reduced their price target on Robert Half from $69.00 to $65.00 and set a "neutral" rating for the company in a research note on Thursday, January 30th. Truist Financial upgraded Robert Half from a "hold" rating to a "buy" rating and upped their target price for the company from $62.00 to $90.00 in a research report on Friday, December 13th. BNP Paribas upgraded Robert Half from an "underperform" rating to an "outperform" rating and set a $71.50 price objective for the company in a research report on Monday, February 10th. Finally, Barclays upgraded Robert Half from an "underweight" rating to an "equal weight" rating and upped their price objective for the stock from $60.00 to $80.00 in a research report on Friday, January 3rd. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $74.92.

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.