Teachers Retirement System of The State of Kentucky Purchases 12,245 Shares of Robert Half Inc. (NYSE:RHI)

Teachers Retirement System of The State of Kentucky lifted its stake in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 50.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,550 shares of the business services provider's stock after acquiring an additional 12,245 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in Robert Half were worth $2,464,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analyst Ratings Changes

A number of analysts have weighed in on RHI shares. Truist Financial upgraded Robert Half from a "hold" rating to a "buy" rating and increased their price target for the stock from $62.00 to $90.00 in a report on Friday. BNP Paribas cut Robert Half from an "outperform" rating to an "underperform" rating and set a $64.00 target price for the company. in a research note on Monday. Finally, JPMorgan Chase & Co. lowered their target price on Robert Half from $70.00 to $69.00 and set a "neutral" rating for the company in a report on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, Robert Half has an average rating of "Hold" and a consensus price target of $71.00.

Insider Activity

In other news, Director Dirk A. Kempthorne sold 1,032 shares of the firm's stock in a transaction that occurred 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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 3.00% of the company's stock.

Robert Half Price Performance

Shares of RHI traded down $1.01 during trading hours on Monday, hitting $75.09. The stock had a trading volume of 930,169 shares, compared to its average volume of 1,349,429. The firm has a 50 day simple moving average of $71.79 and a 200-day simple moving average of $66.50. Robert Half Inc. has a 1-year low of $57.05 and a 1-year high of $88.39. The firm has a market capitalization of $7.75 billion, a P/E ratio of 27.41 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 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 during the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the previous year, the company posted $0.90 earnings per share. The company's quarterly revenue was down 6.3% on a year-over-year basis. Equities analysts predict that Robert Half Inc. will post 2.45 EPS for the current fiscal year.

Robert Half Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, November 25th were paid a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date of this dividend was Monday, November 25th. Robert Half's dividend payout ratio (DPR) is 77.37%.

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.