Robert Half Inc. (NYSE:RHI) Shares Sold by Rhumbline Advisers

Rhumbline Advisers cut its stake in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 1.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 284,252 shares of the business services provider's stock after selling 4,838 shares during the quarter. Rhumbline Advisers owned approximately 0.28% of Robert Half worth $20,028,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Mawer Investment Management Ltd. lifted its stake in Robert Half by 28.9% in the third 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 period. Charles Schwab Investment Management Inc. raised its holdings in shares of Robert Half by 5.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,285,008 shares of the business services provider's stock valued at $221,442,000 after purchasing an additional 159,750 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in shares of 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 in the last quarter. Pzena Investment Management LLC lifted its position in shares of Robert Half by 41.9% in 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 purchasing an additional 303,421 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in shares of Robert Half by 32.7% during the third quarter. Victory Capital Management Inc. now owns 613,752 shares of the business services provider's stock valued at $41,373,000 after purchasing an additional 151,261 shares in the last quarter. Institutional investors own 92.41% of the company's stock.

Insider Buying and Selling at Robert Half

In related news, Director Dirk A. Kempthorne sold 1,032 shares of the firm's stock in a transaction 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 completion of the transaction, the director now owns 12,310 shares in the company, valued at $915,248.50. This trade represents a 7.73 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 3.00% of the stock is currently owned by company insiders.

Robert Half Stock Down 0.1 %

Shares of Robert Half stock traded down $0.03 during trading on Friday, reaching $60.00. The company's stock had a trading volume of 1,600,456 shares, compared to its average volume of 1,257,160. Robert Half Inc. has a 1-year low of $57.05 and a 1-year high of $83.25. The company has a 50-day simple moving average of $67.04 and a two-hundred day simple moving average of $67.50. The company has a market cap of $6.13 billion, a price-to-earnings ratio of 24.59 and a beta of 1.23.

Robert Half (NYSE:RHI - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The business services provider reported $0.53 earnings per share 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%. As a group, analysts anticipate that Robert Half Inc. will post 2.48 earnings per share for the current year.

Robert Half Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Tuesday, February 25th will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 3.93%. The ex-dividend date of this dividend is Tuesday, February 25th. This is an increase from Robert Half's previous quarterly dividend of $0.53. Robert Half's payout ratio is currently 86.89%.

Wall Street Analyst Weigh In

RHI has been the subject of a number of recent research reports. Truist Financial raised shares of Robert Half from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $62.00 to $90.00 in a research note on Friday, December 13th. 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 report on Thursday, January 30th. BNP Paribas raised Robert Half from an "underperform" rating to an "outperform" rating and set a $71.50 price objective on the stock in a research report on Monday, February 10th. Finally, Barclays upgraded Robert Half from an "underweight" rating to an "equal weight" rating and lifted their target price for the company from $60.00 to $80.00 in a research note on Friday, January 3rd. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Robert Half presently has an average rating of "Hold" and a consensus target price of $74.92.

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.