Robert Half Inc. (NYSE:RHI) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC trimmed its position in Robert Half Inc. (NYSE:RHI) by 52.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 10,284 shares of the business services provider’s stock after selling 11,519 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Robert Half were worth $904,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its stake in Robert Half by 2.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,634,682 shares of the business services provider’s stock valued at $193,069,000 after buying an additional 57,130 shares during the last quarter. Boston Partners raised its position in Robert Half by 61.5% in the 3rd quarter. Boston Partners now owns 2,395,745 shares of the business services provider’s stock valued at $175,400,000 after purchasing an additional 911,969 shares during the last quarter. Northern Trust Corp boosted its stake in Robert Half by 10.1% during the 3rd quarter. Northern Trust Corp now owns 1,792,144 shares of the business services provider’s stock worth $131,328,000 after purchasing an additional 164,517 shares during the period. Invesco Ltd. grew its position in Robert Half by 8.6% during the 3rd quarter. Invesco Ltd. now owns 1,706,986 shares of the business services provider’s stock worth $125,088,000 after purchasing an additional 135,664 shares during the last quarter. Finally, Mawer Investment Management Ltd. acquired a new position in Robert Half in the third quarter valued at $106,840,000. Institutional investors and hedge funds own 92.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. BMO Capital Markets lowered their price target 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 Robert Half from a “sell” rating to a “hold” rating and set a $72.00 target price on the stock in a report on Monday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $68.57.

Robert Half Stock Up 0.0 %

Shares of NYSE:RHI opened at $71.52 on Wednesday. Robert Half Inc. has a 52 week low of $64.65 and a 52 week high of $88.39. The company has a 50-day moving average price of $77.80 and a 200 day moving average price of $79.58. The company has a market cap of $7.52 billion, a P/E ratio of 18.56, a PEG ratio of 17.51 and a beta of 1.26.

Robert Half (NYSE:RHI) last posted its quarterly earnings results 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 business had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same period last year, the firm earned $1.37 EPS. The company’s quarterly revenue was down 14.7% compared to the same quarter last year. Analysts expect that Robert Half Inc. will post 3.34 EPS for the current year.

Robert Half Increases Dividend

The business 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. 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. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.96%. Robert Half’s dividend payout ratio is 54.78%.

Insider Activity

In related news, EVP Robert W. Glass sold 7,500 shares of the business’s stock in a transaction dated 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 $14,970,548.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 3.00% of the company’s stock.

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.