Zurcher Kantonalbank Zurich Cantonalbank Sells 71,754 Shares of Robert Half Inc. (NYSE:RHI)

Zurcher Kantonalbank Zurich Cantonalbank decreased its holdings in shares of Robert Half Inc. (NYSE:RHI) by 65.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 38,021 shares of the business services provider’s stock after selling 71,754 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Robert Half were worth $3,343,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Desjardins Global Asset Management Inc. boosted its holdings in shares of Robert Half by 65.6% in the fourth quarter. Desjardins Global Asset Management Inc. now owns 5,237 shares of the business services provider’s stock valued at $460,000 after purchasing an additional 2,074 shares during the period. Mackenzie Financial Corp boosted its holdings in shares of Robert Half by 34.0% in the fourth quarter. Mackenzie Financial Corp now owns 53,265 shares of the business services provider’s stock valued at $4,683,000 after purchasing an additional 13,503 shares during the period. Louisiana State Employees Retirement System purchased a new stake in shares of Robert Half in the fourth quarter valued at approximately $563,000. WCM Investment Management LLC purchased a new stake in shares of Robert Half in the fourth quarter valued at approximately $210,000. Finally, Cerity Partners LLC boosted its holdings in shares of Robert Half by 306.5% in the fourth quarter. Cerity Partners LLC now owns 15,324 shares of the business services provider’s stock valued at $1,347,000 after purchasing an additional 11,554 shares during the period. Institutional investors own 92.41% of the company’s stock.

Robert Half Stock Up 1.8 %

Robert Half stock opened at $71.50 on Tuesday. The business has a fifty day moving average of $78.01 and a two-hundred day moving average of $79.59. The firm has a market cap of $7.52 billion, a P/E ratio of 18.48, a P/E/G ratio of 17.51 and a beta of 1.26. Robert Half Inc. has a twelve month low of $64.65 and a twelve month high of $88.39.

Robert Half (NYSE:RHI) last issued its quarterly earnings results on Tuesday, January 30th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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% on a year-over-year basis. During the same period in the prior year, the firm posted $1.37 earnings per share. Equities analysts expect that Robert Half Inc. will post 3.34 earnings per share 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 given a dividend of $0.53 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This is an increase from Robert Half’s previous quarterly dividend of $0.48. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.97%. Robert Half’s dividend payout ratio is presently 54.78%.

Insider Transactions at Robert Half

In other news, EVP Robert W. Glass sold 7,500 shares of the company’s stock in a transaction on 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 directly owns 186,062 shares of the company’s stock, valued at $14,970,548.52. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 3.00% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on RHI shares. Truist Financial upgraded Robert Half from a “sell” rating to a “hold” rating and set a $72.00 price target for the company in a report on Monday. BMO Capital Markets lowered their target price on Robert Half from $85.00 to $80.00 and set a “market perform” rating for the company in a report on Wednesday, January 31st. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $68.57.

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.