Robert Half Inc. (NYSE:RHI) Shares Sold by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. reduced its position in shares of Robert Half Inc. (NYSE:RHI) by 2.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 7,321 shares of the business services provider’s stock after selling 211 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Robert Half were worth $644,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of RHI. Private Advisor Group LLC grew its holdings in Robert Half by 32.1% during the first quarter. Private Advisor Group LLC now owns 4,727 shares of the business services provider’s stock worth $540,000 after acquiring an additional 1,150 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Robert Half by 4.8% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,650 shares of the business services provider’s stock worth $1,673,000 after acquiring an additional 676 shares during the period. Vontobel Holding Ltd. grew its holdings in Robert Half by 28.5% during the first quarter. Vontobel Holding Ltd. now owns 3,619 shares of the business services provider’s stock worth $428,000 after acquiring an additional 802 shares during the period. Blair William & Co. IL grew its holdings in Robert Half by 11.8% during the first quarter. Blair William & Co. IL now owns 73,591 shares of the business services provider’s stock worth $8,403,000 after acquiring an additional 7,769 shares during the period. Finally, Aviva PLC grew its holdings in Robert Half by 55.4% during the first quarter. Aviva PLC now owns 92,865 shares of the business services provider’s stock worth $10,603,000 after acquiring an additional 33,095 shares during the period. 92.41% of the stock is owned by institutional investors and hedge funds.

Robert Half Trading Down 2.0 %

NYSE RHI opened at $69.31 on Thursday. The stock’s 50-day moving average price is $78.45 and its two-hundred day moving average price is $79.59. The company has a market cap of $7.29 billion, a PE ratio of 17.91, a PEG ratio of 17.59 and a beta of 1.26. Robert Half Inc. has a 1 year low of $64.65 and a 1 year high of $88.39.

Robert Half (NYSE:RHI) last posted its quarterly earnings data on Tuesday, January 30th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.01. The firm 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 revenue for the quarter was down 14.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.37 EPS. Research analysts forecast that Robert Half Inc. will post 3.34 EPS for the current fiscal year.

Robert Half Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, February 23rd were paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 3.06%. 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 payout ratio is 54.78%.

Insider Buying and Selling at Robert Half

In other Robert Half news, EVP Robert W. Glass sold 7,500 shares of Robert Half stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $80.46, for a total transaction of $603,450.00. Following the transaction, 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 document filed with the SEC, which is available at this hyperlink. Company insiders own 2.80% of the company’s stock.

Analyst Ratings Changes

RHI has been the topic of a number of research analyst reports. Truist Financial lifted 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. BMO Capital Markets cut their price objective 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. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $68.57.

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.