Franklin Resources Inc. Has $10.76 Million Holdings in Robert Half Inc. (NYSE:RHI)

Franklin Resources Inc. cut its position in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 50.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 158,844 shares of the business services provider's stock after selling 162,924 shares during the period. Franklin Resources Inc. owned 0.15% of Robert Half worth $10,755,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Blue Trust Inc. lifted its holdings in Robert Half by 489.4% during the 2nd quarter. Blue Trust Inc. now owns 389 shares of the business services provider's stock valued at $25,000 after purchasing an additional 323 shares during the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of Robert Half during the 3rd quarter worth about $27,000. Private Trust Co. NA lifted its stake in shares of Robert Half by 79.7% during the 3rd quarter. Private Trust Co. NA now owns 433 shares of the business services provider's stock worth $29,000 after buying an additional 192 shares during the last quarter. Reston Wealth Management LLC bought a new stake in shares of Robert Half during the 3rd quarter worth about $34,000. Finally, Family Firm Inc. acquired a new position in Robert Half in the 2nd quarter valued at about $45,000. 92.41% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

RHI has been the topic of a number of research reports. JPMorgan Chase & Co. decreased their price objective on Robert Half from $70.00 to $69.00 and set a "neutral" rating on the stock in a report on Wednesday, October 23rd. Truist Financial upgraded shares of Robert Half from a "hold" rating to a "buy" rating and upped their price target for the company from $62.00 to $90.00 in a research note on Friday, December 13th. Finally, BNP Paribas cut shares of Robert Half from an "outperform" rating to an "underperform" rating and set a $64.00 price objective for the company. in a research note on Monday, December 16th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $71.00.

Insider Activity at Robert Half

In other Robert Half news, Director Dirk A. Kempthorne sold 1,032 shares of the stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $74.35, for a total value of $76,729.20. Following the completion of the transaction, the director now directly owns 12,310 shares in the company, valued at approximately $915,248.50. This trade represents a 7.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.00% of the stock is owned by insiders.

Robert Half Stock Performance

Shares of RHI stock opened at $71.32 on Friday. Robert Half Inc. has a fifty-two week low of $57.05 and a fifty-two week high of $88.39. The stock's fifty day moving average price is $72.19 and its two-hundred day moving average price is $66.71. The company has a market cap of $7.36 billion, a PE ratio of 26.03 and a beta of 1.24.

Robert Half (NYSE:RHI - Get Free Report) last released its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.02. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.44 billion. Robert Half had a return on equity of 18.78% and a net margin of 4.84%. Robert Half's revenue was down 6.3% compared to the same quarter last year. During the same period last year, the firm posted $0.90 earnings per share. On average, equities analysts predict that Robert Half Inc. will post 2.45 EPS for the current fiscal year.

Robert Half Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, November 25th were given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date of this dividend was Monday, November 25th. Robert Half's dividend payout ratio is 77.37%.

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.