Robert Half Inc. (NYSE:RHI) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. cut its stake in shares of Robert Half Inc. (NYSE:RHI) by 92.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,892 shares of the business services provider’s stock after selling 35,522 shares during the period. Federated Hermes Inc.’s holdings in Robert Half were worth $254,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in Robert Half by 72.2% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 620 shares of the business services provider’s stock valued at $55,000 after purchasing an additional 260 shares in the last quarter. Daiwa Securities Group Inc. boosted its holdings in Robert Half by 5.7% in the fourth quarter. Daiwa Securities Group Inc. now owns 9,446 shares of the business services provider’s stock valued at $830,000 after purchasing an additional 510 shares in the last quarter. Desjardins Global Asset Management Inc. boosted its holdings in 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 in the last quarter. Mackenzie Financial Corp lifted its stake in 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 buying an additional 13,503 shares during the last quarter. Finally, Louisiana State Employees Retirement System purchased a new stake in Robert Half in the fourth quarter valued at approximately $563,000. 92.41% of the stock is owned by institutional investors and hedge funds.

Robert Half Stock Performance

RHI stock opened at $70.16 on Monday. The stock has a market capitalization of $7.38 billion, a PE ratio of 21.01, a price-to-earnings-growth ratio of 3.30 and a beta of 1.30. The company has a fifty day moving average of $75.95 and a 200-day moving average of $79.19. Robert Half Inc. has a one year low of $64.65 and a one year high of $88.39.

Robert Half (NYSE:RHI) last announced its quarterly earnings data on Thursday, April 25th. The business services provider reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. Robert Half had a net margin of 5.74% and a return on equity of 22.36%. The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter last year, the firm earned $1.14 earnings per share. The firm’s revenue was down 14.0% compared to the same quarter last year. Equities analysts forecast that Robert Half Inc. will post 2.98 earnings per share for the current fiscal year.

Robert Half Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 24th will be paid a $0.53 dividend. The ex-dividend date is Thursday, May 23rd. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.02%. Robert Half’s dividend payout ratio (DPR) is presently 63.47%.

Insider Buying and Selling

In other Robert Half news, EVP Robert W. Glass sold 7,500 shares of the firm’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $80.46, for a total value of $603,450.00. Following the completion of 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 filing with the SEC, which is available through this hyperlink. 3.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. BMO Capital Markets reduced their price objective on 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. StockNews.com lowered shares of Robert Half from a “buy” rating to a “hold” rating in a research note on Friday. Truist Financial upgraded shares of Robert Half from a “sell” rating to a “hold” rating and set a $72.00 target price for the company in a research note on Monday, April 22nd. Finally, Robert W. Baird dropped their price target on Robert Half from $84.00 to $79.00 and set an “outperform” rating on the stock in a research report on Friday, April 26th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $68.14.

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.