Robert Half Inc. (NYSE:RHI) Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. cut its position in Robert Half Inc. (NYSE:RHI) by 8.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 40,640 shares of the business services provider’s stock after selling 3,658 shares during the period. Asset Management One Co. Ltd.’s holdings in Robert Half were worth $3,583,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Resurgent Financial Advisors LLC acquired a new position in shares of Robert Half in the fourth quarter valued at about $27,000. Salem Investment Counselors Inc. acquired a new position in shares of Robert Half in the second quarter valued at about $28,000. Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new position in shares of Robert Half in the fourth quarter valued at about $28,000. Venturi Wealth Management LLC increased its holdings in shares of Robert Half by 55.0% in the fourth quarter. Venturi Wealth Management LLC now owns 420 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 149 shares during the period. Finally, Larson Financial Group LLC acquired a new position in shares of Robert Half in the third quarter valued at about $39,000. 92.41% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Robert Half

In related news, EVP Robert W. Glass sold 7,500 shares of the stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $80.46, for a total value of $603,450.00. Following the completion of the sale, the executive vice president now owns 186,062 shares of the company’s stock, valued at $14,970,548.52. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 2.80% of the company’s stock.

Robert Half Price Performance

NYSE RHI opened at $73.16 on Friday. The company has a market cap of $7.69 billion, a PE ratio of 18.90, a price-to-earnings-growth ratio of 18.84 and a beta of 1.26. The stock’s 50 day simple moving average is $79.20 and its 200-day simple moving average is $79.61. Robert Half Inc. has a 1-year low of $64.65 and a 1-year high of $88.39.

Robert Half (NYSE:RHI) last released its earnings results on Tuesday, January 30th. The business services provider reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.01. The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.47 billion. Robert Half had a return on equity of 25.73% and a net margin of 6.43%. The business’s quarterly revenue was down 14.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.37 earnings per share. On average, equities research analysts anticipate that Robert Half Inc. will post 3.34 EPS for the current fiscal year.

Robert Half Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, February 23rd were issued a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 2.90%. The ex-dividend date of this dividend was Thursday, February 22nd. This is a boost from Robert Half’s previous quarterly dividend of $0.48. Robert Half’s dividend payout ratio (DPR) is currently 54.78%.

Wall Street Analyst Weigh In

RHI has been the topic of several analyst reports. BMO Capital Markets dropped their target price on Robert Half from $85.00 to $80.00 and set a “market perform” rating on the stock in a report on Wednesday, January 31st. Truist Financial raised their target price on Robert Half from $66.00 to $72.00 and gave the stock a “sell” rating in a report on Thursday, January 25th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $68.57.

Robert Half 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.