21,675 Shares in Robert Half Inc. (NYSE:RHI) Acquired by Oddo BHF Asset Management Sas

Oddo BHF Asset Management Sas acquired a new stake in shares of Robert Half Inc. (NYSE:RHI - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 21,675 shares of the business services provider's stock, valued at approximately $1,461,000.

A number of other large investors have also recently made changes to their positions in the stock. Mawer Investment Management Ltd. grew its stake in 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 valued at $315,569,000 after purchasing an additional 1,049,005 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Robert Half by 5.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,285,008 shares of the business services provider's stock worth $221,442,000 after purchasing an additional 159,750 shares during the period. Pacer Advisors Inc. boosted its position in Robert Half by 54.7% in the second quarter. Pacer Advisors Inc. now owns 1,628,919 shares of the business services provider's stock valued at $104,218,000 after buying an additional 575,879 shares during the last quarter. AQR Capital Management LLC boosted its position in Robert Half by 101.0% in the second quarter. AQR Capital Management LLC now owns 1,564,247 shares of the business services provider's stock valued at $99,439,000 after buying an additional 786,031 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Robert Half by 17.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,542,502 shares of the business services provider's stock worth $98,687,000 after buying an additional 231,129 shares during the period. 92.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Robert Half

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

Robert Half Stock Up 0.8 %

Shares of RHI stock traded up $0.59 during trading hours on Friday, hitting $76.10. 1,003,604 shares of the company's stock were exchanged, compared to its average volume of 1,351,168. Robert Half Inc. has a fifty-two week low of $57.05 and a fifty-two week high of $88.39. The firm has a market cap of $7.86 billion, a P/E ratio of 27.77 and a beta of 1.24. The firm has a 50 day moving average of $71.62 and a two-hundred 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. The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.44 billion. Robert Half had a net margin of 4.84% and a return on equity of 18.78%. The company'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 forecast that Robert Half Inc. will post 2.45 earnings per share for the current fiscal year.

Robert Half Dividend Announcement

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

About Robert Half

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.