1832 Asset Management L.P. Has $1.17 Million Stock Holdings in Robert Half Inc. (NYSE:RHI)

1832 Asset Management L.P. cut its position in shares of Robert Half Inc. (NYSE:RHIFree Report) by 13.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,249 shares of the business services provider’s stock after selling 2,070 shares during the period. 1832 Asset Management L.P.’s holdings in Robert Half were worth $1,165,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Venturi Wealth Management LLC increased its stake 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 worth $37,000 after purchasing an additional 149 shares during the last quarter. GAMMA Investing LLC acquired a new position in Robert Half in the 4th quarter valued at about $46,000. CoreFirst Bank & Trust grew its stake in 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 buying an additional 440 shares during the last quarter. Orion Capital Management LLC acquired a new position in Robert Half in the 3rd quarter valued at about $43,000. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its stake in Robert Half by 72.2% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 620 shares of the business services provider’s stock valued at $55,000 after buying an additional 260 shares during the last quarter. 92.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Robert Half

In other news, Director Dirk A. Kempthorne sold 2,221 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $69.66, for a total transaction of $154,714.86. Following the completion of the sale, the director now owns 10,713 shares of the company’s stock, valued at approximately $746,267.58. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 3.00% of the stock is currently owned by insiders.

Robert Half Stock Down 1.0 %

NYSE RHI opened at $62.25 on Monday. The company has a market capitalization of $6.53 billion, a P/E ratio of 18.64, a P/E/G ratio of 5.08 and a beta of 1.25. Robert Half Inc. has a 12-month low of $62.06 and a 12-month high of $88.39. The firm has a 50-day moving average price of $69.84 and a two-hundred day moving average price of $77.61.

Robert Half (NYSE:RHIGet Free Report) last posted 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 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 in the previous year, the firm posted $1.14 EPS. The business’s revenue for the quarter was down 14.0% compared to the same quarter last year. Equities analysts expect that Robert Half Inc. will post 2.92 EPS for the current year.

Robert Half Announces Dividend

The company also recently declared 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. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date of this dividend is Thursday, May 23rd. Robert Half’s dividend payout ratio (DPR) is presently 63.47%.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Robert W. Baird decreased their price target 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. Truist Financial upgraded shares of Robert Half from a “sell” rating to a “hold” rating and set a $72.00 price target on the stock in a research note on Monday, April 22nd. Finally, StockNews.com upgraded shares of Robert Half from a “hold” rating to a “buy” rating in a research note on Wednesday, May 29th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $68.14.

Read Our Latest Stock Report on Robert Half

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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