Daiwa Securities Group Inc. Purchases 510 Shares of Robert Half Inc. (NYSE:RHI)

Daiwa Securities Group Inc. raised its position in Robert Half Inc. (NYSE:RHI) by 5.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,446 shares of the business services provider’s stock after purchasing an additional 510 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Robert Half were worth $830,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of RHI. CWM LLC raised its position in Robert Half by 15.2% in the third quarter. CWM LLC now owns 5,882 shares of the business services provider’s stock valued at $431,000 after purchasing an additional 774 shares during the last quarter. IFP Advisors Inc raised its position in shares of Robert Half by 6.1% during the third quarter. IFP Advisors Inc now owns 3,078 shares of the business services provider’s stock worth $226,000 after acquiring an additional 177 shares during the last quarter. Czech National Bank raised its position in shares of Robert Half by 46.7% during the third quarter. Czech National Bank now owns 18,716 shares of the business services provider’s stock worth $1,372,000 after acquiring an additional 5,960 shares during the last quarter. Handelsbanken Fonder AB raised its position in shares of Robert Half by 54.3% during the third quarter. Handelsbanken Fonder AB now owns 21,300 shares of the business services provider’s stock worth $1,561,000 after acquiring an additional 7,500 shares during the last quarter. Finally, Grimes & Company Inc. raised its position in shares of Robert Half by 3.4% during the third quarter. Grimes & Company Inc. now owns 211,289 shares of the business services provider’s stock worth $15,483,000 after acquiring an additional 6,903 shares during the last quarter. 92.41% of the stock is currently owned by institutional investors.

Robert Half Stock Performance

Shares of Robert Half stock opened at $70.60 on Friday. Robert Half Inc. has a 52 week low of $64.65 and a 52 week high of $88.39. The stock has a 50 day moving average price of $77.46 and a two-hundred day moving average price of $79.50. The stock has a market capitalization of $7.42 billion, a PE ratio of 18.24, a price-to-earnings-growth ratio of 17.83 and a beta of 1.26.

Robert Half (NYSE:RHI) last announced its quarterly earnings data on Tuesday, January 30th. The business services provider reported $0.83 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $1.47 billion. During the same quarter last year, the firm posted $1.37 earnings per share. The company’s revenue for the quarter was down 14.7% compared to the same quarter last year. Research analysts forecast that Robert Half Inc. will post 3.34 EPS for the current year.

Robert Half Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, February 23rd were given a dividend of $0.53 per share. This is a boost 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 annualized dividend and a dividend yield of 3.00%. Robert Half’s payout ratio is presently 54.78%.

Insider Activity at Robert Half

In related news, EVP Robert W. Glass sold 7,500 shares of Robert Half stock in a transaction that occurred 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 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 can be accessed through this link. 3.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. 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. Truist Financial upgraded Robert Half from a “sell” rating to a “hold” rating and set a $72.00 target price for the company in a report on Monday. One equities research 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 has a consensus rating of “Hold” and a consensus 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.