Robert Half Inc. (NYSE:RHI) Shares Sold by Truist Financial Corp

Truist Financial Corp lessened its stake in Robert Half Inc. (NYSE:RHI) by 0.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,510 shares of the business services provider’s stock after selling 228 shares during the period. Truist Financial Corp’s holdings in Robert Half were worth $2,507,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in RHI. Hsbc Holdings PLC boosted its holdings in Robert Half by 17.8% in the 3rd quarter. Hsbc Holdings PLC now owns 785,690 shares of the business services provider’s stock valued at $57,594,000 after purchasing an additional 118,800 shares in the last quarter. Ontario Teachers Pension Plan Board boosted its holdings in Robert Half by 151.9% in the 3rd quarter. Ontario Teachers Pension Plan Board now owns 72,505 shares of the business services provider’s stock valued at $5,313,000 after purchasing an additional 43,726 shares in the last quarter. Twin Capital Management Inc. boosted its holdings in Robert Half by 38.7% in the 4th quarter. Twin Capital Management Inc. now owns 7,700 shares of the business services provider’s stock valued at $677,000 after purchasing an additional 2,148 shares in the last quarter. Mackenzie Financial Corp boosted its holdings in Robert Half by 34.0% in the 4th quarter. Mackenzie Financial Corp now owns 53,265 shares of the business services provider’s stock valued at $4,683,000 after purchasing an additional 13,503 shares in the last quarter. Finally, Nordea Investment Management AB boosted its holdings in Robert Half by 88.5% in the 3rd quarter. Nordea Investment Management AB now owns 27,740 shares of the business services provider’s stock valued at $2,048,000 after purchasing an additional 13,026 shares in the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.

Insider Transactions at Robert Half

In other news, EVP Robert W. Glass sold 7,500 shares of the company’s stock in a transaction 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 completion of the sale, the executive vice president now directly owns 186,062 shares in the company, valued at approximately $14,970,548.52. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 3.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Truist Financial raised Robert Half from a “sell” rating to a “hold” rating and set a $72.00 price objective on the stock in a report on Monday, April 22nd. BMO Capital Markets decreased their price target on Robert Half from $85.00 to $80.00 and set a “market perform” rating on the stock in a research note on Wednesday, January 31st. StockNews.com lowered Robert Half from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. Finally, Robert W. Baird decreased their price target on 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 investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $68.14.

Robert Half Stock Performance

RHI stock opened at $70.13 on Thursday. The stock’s 50 day moving average price is $75.32 and its 200 day moving average price is $79.07. The firm has a market cap of $7.36 billion, a P/E ratio of 21.00, a PEG ratio of 3.30 and a beta of 1.30. Robert Half Inc. has a 1 year low of $64.65 and a 1 year high of $88.39.

Robert Half (NYSE:RHI) last issued its quarterly earnings results on Thursday, April 25th. The business services provider reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.01. The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.49 billion. Robert Half had a return on equity of 22.36% and a net margin of 5.74%. Robert Half’s revenue was down 14.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.14 EPS. On average, research analysts predict that Robert Half Inc. will post 2.98 earnings per share for the current year.

Robert Half Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 24th will be issued a dividend of $0.53 per share. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.02%. Robert Half’s payout ratio is 63.47%.

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.