New York State Common Retirement Fund Has $10.42 Million Holdings in Robert Half Inc. (NYSE:RHI)

New York State Common Retirement Fund decreased its position in Robert Half Inc. (NYSE:RHI) by 9.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 118,508 shares of the business services provider’s stock after selling 12,315 shares during the quarter. New York State Common Retirement Fund’s holdings in Robert Half were worth $10,419,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of RHI. Empirical Asset Management LLC boosted its holdings in Robert Half by 2.6% during the fourth quarter. Empirical Asset Management LLC now owns 5,270 shares of the business services provider’s stock worth $463,000 after purchasing an additional 134 shares during the last quarter. Wahed Invest LLC increased its position in shares of Robert Half by 9.0% in the third quarter. Wahed Invest LLC now owns 1,637 shares of the business services provider’s stock valued at $120,000 after acquiring an additional 135 shares during the last quarter. Cypress Capital Group boosted its position in Robert Half by 1.8% during the third quarter. Cypress Capital Group now owns 8,402 shares of the business services provider’s stock valued at $616,000 after purchasing an additional 146 shares during the last quarter. Venturi Wealth Management LLC grew its stake in 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 purchasing an additional 149 shares in the last quarter. Finally, Treasurer of the State of North Carolina increased its position in shares of Robert Half by 0.4% during the 3rd quarter. Treasurer of the State of North Carolina now owns 48,997 shares of the business services provider’s stock worth $3,591,000 after purchasing an additional 175 shares during the last quarter. 92.41% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on RHI. Truist Financial raised Robert Half from a “sell” rating to a “hold” rating and set a $72.00 price objective for the company in a report on Monday, April 22nd. BMO Capital Markets cut their price target on shares of Robert Half from $85.00 to $80.00 and set a “market perform” rating for the company in a research note on Wednesday, January 31st. Finally, Robert W. Baird lowered their price objective on shares of Robert Half from $84.00 to $79.00 and set an “outperform” rating on the stock in a research note on Friday, April 26th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Robert Half currently has an average rating of “Hold” and an average target price of $68.14.

Robert Half Price Performance

Shares of Robert Half stock opened at $69.25 on Thursday. Robert Half Inc. has a 1 year low of $64.65 and a 1 year high of $88.39. The company has a market capitalization of $7.28 billion, a price-to-earnings ratio of 20.73, a P/E/G ratio of 2.97 and a beta of 1.26. The business has a fifty day simple moving average of $76.34 and a two-hundred day simple moving average of $79.26.

Robert Half (NYSE:RHI) last announced its earnings results on Thursday, April 25th. The business services provider reported $0.61 EPS for the quarter, topping the consensus estimate of $0.60 by $0.01. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.49 billion. Robert Half had a net margin of 5.74% and a return on equity of 22.36%. Robert Half’s revenue was down 14.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.14 EPS. As a group, equities analysts anticipate that Robert Half Inc. will post 3.3 earnings per share for the current fiscal year.

Robert Half Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 24th will be issued a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 3.06%. Robert Half’s payout ratio is currently 63.47%.

Insider Activity at Robert Half

In related news, EVP Robert W. Glass sold 7,500 shares of the firm’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 transaction, the executive vice president now directly 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 is available through this hyperlink. 3.00% of the stock is currently owned by corporate insiders.

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.