Northern Trust Corp Sells 180,735 Shares of Robert Half Inc. (NYSE:RHI)

Northern Trust Corp lowered its position in Robert Half Inc. (NYSE:RHIFree Report) by 10.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,611,409 shares of the business services provider’s stock after selling 180,735 shares during the period. Northern Trust Corp owned 1.52% of Robert Half worth $141,675,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cibc World Markets Corp boosted its holdings in Robert Half by 131.2% in the fourth quarter. Cibc World Markets Corp now owns 13,666 shares of the business services provider’s stock worth $1,202,000 after acquiring an additional 7,756 shares in the last quarter. Cetera Advisor Networks LLC boosted its holdings in Robert Half by 0.3% in the fourth quarter. Cetera Advisor Networks LLC now owns 66,663 shares of the business services provider’s stock worth $5,861,000 after acquiring an additional 186 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in Robert Half by 214.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 17,721 shares of the business services provider’s stock worth $1,558,000 after acquiring an additional 12,091 shares in the last quarter. Capital World Investors boosted its holdings in Robert Half by 6.7% in the fourth quarter. Capital World Investors now owns 14,574,944 shares of the business services provider’s stock worth $1,281,429,000 after acquiring an additional 917,311 shares in the last quarter. Finally, Capital Research Global Investors boosted its holdings in Robert Half by 0.5% in the fourth quarter. Capital Research Global Investors now owns 163,251 shares of the business services provider’s stock worth $14,353,000 after acquiring an additional 883 shares in the last quarter. Institutional investors own 92.41% of the company’s stock.

Robert Half Trading Up 1.5 %

Shares of Robert Half stock opened at $63.16 on Tuesday. The business’s fifty day simple moving average is $69.54 and its 200 day simple moving average is $77.48. The firm has a market capitalization of $6.63 billion, a P/E ratio of 18.91, a price-to-earnings-growth ratio of 5.08 and a beta of 1.25. Robert Half Inc. has a 12 month low of $61.07 and a 12 month high of $88.39.

Robert Half (NYSE:RHIGet Free Report) last issued its quarterly earnings results on Thursday, April 25th. The business services provider reported $0.61 EPS 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 return on equity of 22.36% and a net margin of 5.74%. Robert Half’s quarterly revenue was down 14.0% compared to the same quarter last year. During the same period last year, the company posted $1.14 earnings per share. Analysts predict that Robert Half Inc. will post 2.92 EPS 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 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 yield of 3.36%. Robert Half’s dividend payout ratio (DPR) is currently 63.47%.

Insider Buying and Selling

In related news, Director Dirk A. Kempthorne sold 2,221 shares of Robert Half stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $69.66, for a total transaction of $154,714.86. Following the sale, the director now directly owns 10,713 shares in the company, valued at $746,267.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on RHI shares. Robert W. Baird dropped their target price on 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 report on Monday, April 22nd. Finally, StockNews.com upgraded Robert Half from a “hold” rating to a “buy” rating in a report 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 issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $68.14.

Read Our Latest Stock Analysis 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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