TD Asset Management Inc Cuts Position in Robert Half Inc. (NYSE:RHI)

TD Asset Management Inc trimmed its holdings in shares of Robert Half Inc. (NYSE:RHIFree Report) by 42.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 39,158 shares of the business services provider’s stock after selling 28,508 shares during the quarter. TD Asset Management Inc’s holdings in Robert Half were worth $3,443,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of RHI. Venturi Wealth Management LLC increased its position in shares of Robert Half by 55.0% during the 4th 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 during the last quarter. CoreFirst Bank & Trust grew its position in Robert Half by 440.0% during the third quarter. CoreFirst Bank & Trust now owns 540 shares of the business services provider’s stock valued at $40,000 after buying an additional 440 shares during the period. Orion Capital Management LLC purchased a new stake in Robert Half during the third quarter worth about $43,000. GAMMA Investing LLC bought a new stake in Robert Half in the fourth quarter worth about $46,000. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its stake 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 acquiring an additional 260 shares during the last quarter. 92.41% of the stock is currently owned by institutional investors.

Robert Half Stock Down 0.5 %

Shares of RHI opened at $62.90 on Friday. The business’s 50-day moving average price is $70.18 and its 200-day moving average price is $77.81. Robert Half Inc. has a twelve month low of $62.78 and a twelve month high of $88.39. The stock has a market cap of $6.60 billion, a PE ratio of 18.83, a P/E/G ratio of 5.20 and a beta of 1.25.

Robert Half (NYSE:RHIGet Free Report) last posted its earnings results on Thursday, April 25th. The business services provider reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.01. The business had revenue of $1.48 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.14 EPS. Analysts expect that Robert Half Inc. will post 2.92 earnings per share for the current fiscal year.

Robert Half Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders 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 yield of 3.37%. Robert Half’s dividend payout ratio is currently 63.47%.

Insider Buying and Selling at Robert Half

In other news, Director Dirk A. Kempthorne sold 2,221 shares of the business’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $69.66, for a total transaction of $154,714.86. Following the completion of the transaction, the director now owns 10,713 shares of the company’s stock, valued at $746,267.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.00% of the company’s stock.

Analyst Ratings Changes

RHI has been the topic of a number of research reports. Robert W. Baird lowered their price target on shares of Robert Half from $84.00 to $79.00 and set an “outperform” rating on the stock in a 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 note on Monday, April 22nd. Finally, StockNews.com upgraded Robert Half from a “hold” rating to a “buy” rating in a research note on Wednesday, May 29th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $68.14.

View Our Latest Research Report on RHI

About Robert Half

(Free Report)

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.

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Institutional Ownership by Quarter for Robert Half (NYSE:RHI)

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