New York Life Investment Management LLC Has $2.26 Million Stock Position in Robert Half Inc. (NYSE:RHI)

New York Life Investment Management LLC lowered its stake in shares of Robert Half Inc. (NYSE:RHI) by 4.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,749 shares of the business services provider’s stock after selling 1,338 shares during the period. New York Life Investment Management LLC’s holdings in Robert Half were worth $2,264,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Venturi Wealth Management LLC lifted 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 acquiring an additional 149 shares during the last quarter. Larson Financial Group LLC bought a new stake in shares of Robert Half in the 3rd quarter valued at about $39,000. CoreFirst Bank & Trust raised its holdings in shares of Robert Half by 440.0% in the 3rd quarter. CoreFirst Bank & Trust now owns 540 shares of the business services provider’s stock valued at $40,000 after purchasing an additional 440 shares during the period. Orion Capital Management LLC acquired a new stake in Robert Half in the 3rd quarter valued at about $43,000. Finally, GAMMA Investing LLC bought a new position in Robert Half during the fourth quarter worth about $46,000. Institutional investors and hedge funds own 92.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on RHI shares. Robert W. Baird reduced their price objective on shares of Robert Half from $84.00 to $79.00 and set an “outperform” rating for the company in a research report on Friday, April 26th. Truist Financial upgraded Robert Half from a “sell” rating to a “hold” rating and set a $72.00 target price on the stock in a research report on Monday, April 22nd. StockNews.com cut shares of Robert Half from a “buy” rating to a “hold” rating in a report on Friday. Finally, BMO Capital Markets decreased their price target on shares of Robert Half from $85.00 to $80.00 and set a “market perform” rating on the stock in a report on Wednesday, January 31st. One analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $68.14.

Robert Half Stock Down 0.2 %

Shares of NYSE RHI opened at $70.01 on Tuesday. The company has a market capitalization of $7.35 billion, a PE ratio of 20.96, a P/E/G ratio of 3.30 and a beta of 1.30. The firm has a fifty day simple moving average of $75.74 and a 200 day simple moving average of $79.16. Robert Half Inc. has a twelve month low of $64.65 and a twelve month 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. Robert Half had a return on equity of 22.36% and a net margin of 5.74%. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same period in the previous year, the business earned $1.14 EPS. The firm’s revenue was down 14.0% compared to the same quarter last year. As a group, equities analysts expect that Robert Half Inc. will post 2.98 earnings per share for the current fiscal year.

Robert Half Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 24th will be given a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 3.03%. The ex-dividend date is Thursday, May 23rd. Robert Half’s dividend payout ratio (DPR) is 63.47%.

Insider Activity

In related news, EVP Robert W. Glass sold 7,500 shares of the stock in a transaction on 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.00% of the stock is currently owned by company insiders.

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.