Mirae Asset Global Investments Co. Ltd. Reduces Position in Robert Half Inc. (NYSE:RHI)

Mirae Asset Global Investments Co. Ltd. trimmed its holdings in Robert Half Inc. (NYSE:RHI) by 3.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 38,336 shares of the business services provider’s stock after selling 1,500 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Robert Half were worth $3,371,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Resurgent Financial Advisors LLC purchased a new stake in Robert Half in the fourth quarter worth $27,000. Salem Investment Counselors Inc. purchased a new position in Robert Half during the 2nd quarter worth $28,000. Nelson Van Denburg & Campbell Wealth Management Group LLC purchased a new position in shares of Robert Half during the fourth quarter valued at $28,000. Venturi Wealth Management LLC raised 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 acquiring an additional 149 shares in the last quarter. Finally, Larson Financial Group LLC bought a new position in Robert Half during the 3rd quarter worth about $39,000. 92.41% of the stock is owned by institutional investors.

Robert Half Stock Down 2.0 %

Shares of RHI opened at $69.31 on Thursday. The company has a 50 day moving average of $78.45 and a two-hundred day moving average of $79.59. Robert Half Inc. has a twelve month low of $64.65 and a twelve month high of $88.39. The company has a market cap of $7.29 billion, a price-to-earnings ratio of 17.91, a price-to-earnings-growth ratio of 17.59 and a beta of 1.26.

Robert Half (NYSE:RHI) last issued its quarterly earnings data on Tuesday, January 30th. The business services provider reported $0.83 EPS for the quarter, beating the consensus estimate of $0.82 by $0.01. Robert Half had a return on equity of 25.73% and a net margin of 6.43%. The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.47 billion. During the same quarter in the prior year, the business posted $1.37 EPS. The business’s revenue for the quarter was down 14.7% compared to the same quarter last year. On average, sell-side analysts expect that Robert Half Inc. will post 3.34 EPS for the current year.

Robert Half Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, February 23rd were paid a dividend of $0.53 per share. This is a positive change from Robert Half’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.06%. Robert Half’s payout ratio is presently 54.78%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on RHI shares. BMO Capital Markets cut their price objective on shares of 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 boosted their price target on Robert Half from $66.00 to $72.00 and gave the stock a “sell” rating in a research report on Thursday, January 25th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Robert Half has a consensus rating of “Hold” and a consensus target price of $68.57.

Insider Activity at Robert Half

In other Robert Half news, EVP Robert W. Glass sold 7,500 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $80.46, for a total transaction of $603,450.00. Following the sale, the executive vice president now owns 186,062 shares of the company’s stock, valued at approximately $14,970,548.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.80% of the stock is currently owned by insiders.

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.