Ontario Teachers Pension Plan Board Sells 68,188 Shares of Robert Half Inc. (NYSE:RHI)

Ontario Teachers Pension Plan Board lessened its stake in Robert Half Inc. (NYSE:RHI - Free Report) by 71.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,438 shares of the business services provider's stock after selling 68,188 shares during the period. Ontario Teachers Pension Plan Board's holdings in Robert Half were worth $1,850,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Sei Investments Co. lifted its holdings in Robert Half by 134.3% in the 1st quarter. Sei Investments Co. now owns 47,692 shares of the business services provider's stock valued at $3,781,000 after acquiring an additional 27,334 shares during the last quarter. Avantax Advisory Services Inc. bought a new stake in Robert Half during the first quarter worth approximately $226,000. Vanguard Group Inc. grew its position in Robert Half by 3.0% in the first quarter. Vanguard Group Inc. now owns 12,795,282 shares of the business services provider's stock worth $1,014,410,000 after buying an additional 366,978 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its position in shares of Robert Half by 5.5% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 11,565 shares of the business services provider's stock valued at $917,000 after acquiring an additional 602 shares during the last quarter. Finally, UniSuper Management Pty Ltd boosted its stake in shares of Robert Half by 671.3% during the 1st quarter. UniSuper Management Pty Ltd now owns 12,341 shares of the business services provider's stock worth $978,000 after acquiring an additional 10,741 shares in the last quarter. Institutional investors and hedge funds own 92.41% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on RHI shares. BMO Capital Markets cut their target price on Robert Half from $72.00 to $64.00 and set a "market perform" rating on the stock in a research report on Thursday, July 25th. Truist Financial reduced their price objective on shares of Robert Half from $72.00 to $62.00 and set a "hold" rating for the company in a research note on Friday, July 26th. 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. Finally, Barclays decreased their price objective on shares of Robert Half from $70.00 to $60.00 and set an "underweight" rating for the company in a research note on Friday, July 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $69.00.

Robert Half Price Performance

Shares of Robert Half stock traded up $1.29 during midday trading on Wednesday, hitting $72.61. 788,236 shares of the company were exchanged, compared to its average volume of 1,389,790. The firm has a 50 day simple moving average of $68.62 and a 200-day simple moving average of $65.77. The firm has a market cap of $7.50 billion, a P/E ratio of 26.50 and a beta of 1.23. Robert Half Inc. has a 52 week low of $57.05 and a 52 week high of $88.39.

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 for the quarter, topping the consensus estimate of $0.62 by $0.02. The company had revenue of $1.47 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the business posted $0.90 earnings per share. Equities research analysts expect that Robert Half Inc. will post 2.45 earnings per share for the current year.

Robert Half Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, November 25th will be issued a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 2.92%. The ex-dividend date is Monday, November 25th. Robert Half's dividend payout ratio is 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.