National Bank of Canada FI Has $2.51 Million Stock Position in Robert Half Inc. (NYSE:RHI)

National Bank of Canada FI grew its stake in Robert Half Inc. (NYSE:RHI - Free Report) by 1,344.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 37,215 shares of the business services provider's stock after purchasing an additional 34,639 shares during the period. National Bank of Canada FI's holdings in Robert Half were worth $2,509,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Blue Trust Inc. boosted its stake in shares of Robert Half by 489.4% during the 2nd quarter. Blue Trust Inc. now owns 389 shares of the business services provider's stock worth $25,000 after purchasing an additional 323 shares during the period. Boston Trust Walden Corp grew its stake in shares of Robert Half by 3.3% during the second quarter. Boston Trust Walden Corp now owns 290,190 shares of the business services provider's stock valued at $18,566,000 after buying an additional 9,243 shares during the last quarter. Shayne & Jacobs LLC raised its holdings in shares of Robert Half by 44.2% in the second quarter. Shayne & Jacobs LLC now owns 33,447 shares of the business services provider's stock worth $2,140,000 after buying an additional 10,260 shares during the period. Pallas Capital Advisors LLC bought a new stake in shares of Robert Half during the 2nd quarter worth approximately $483,000. Finally, Capital Investment Counsel Inc lifted its stake in shares of Robert Half by 15.6% during the 2nd quarter. Capital Investment Counsel Inc now owns 3,705 shares of the business services provider's stock worth $237,000 after acquiring an additional 500 shares during the last quarter. 92.41% of the stock is owned by institutional investors.

Robert Half Stock Up 0.8 %

Shares of RHI stock traded up $0.59 during mid-day trading on Friday, hitting $76.10. 1,003,604 shares of the stock were exchanged, compared to its average volume of 1,351,168. The company has a market cap of $7.86 billion, a PE ratio of 27.77 and a beta of 1.24. Robert Half Inc. has a 52-week low of $57.05 and a 52-week high of $88.39. The firm has a fifty day moving average of $71.62 and a 200 day moving average of $66.41.

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

Robert Half Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, November 25th were paid a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 2.79%. The ex-dividend date was Monday, November 25th. Robert Half's payout ratio is 77.37%.

Analyst Ratings Changes

Several brokerages have commented on RHI. Truist Financial raised Robert Half from a "hold" rating to a "buy" rating and upped their price objective for the company from $62.00 to $90.00 in a research report on Friday. JPMorgan Chase & Co. cut their price target on shares of Robert Half from $70.00 to $69.00 and set a "neutral" rating on the stock in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $73.67.

Insider Buying and Selling

In other Robert Half news, Director Dirk A. Kempthorne sold 1,032 shares of the business's stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $74.35, for a total transaction of $76,729.20. Following the completion of the transaction, the director now owns 12,310 shares in the company, valued at approximately $915,248.50. The trade was a 7.73 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.00% of the stock is currently owned by company insiders.

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.