Robert Half Inc. (NYSE:RHI) Shares Bought by Cibc World Markets Corp

Cibc World Markets Corp increased its holdings in Robert Half Inc. (NYSE:RHIFree Report) by 131.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,666 shares of the business services provider’s stock after purchasing an additional 7,756 shares during the quarter. Cibc World Markets Corp’s holdings in Robert Half were worth $1,202,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Venturi Wealth Management LLC raised its holdings in shares of Robert Half by 55.0% during 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. CoreFirst Bank & Trust raised its holdings in shares of 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 acquiring an additional 440 shares during the last quarter. Orion Capital Management LLC acquired a new position in shares of Robert Half during the third quarter valued at approximately $43,000. GAMMA Investing LLC acquired a new position in shares of Robert Half during the fourth quarter valued at approximately $46,000. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its holdings in shares of Robert Half by 72.2% during 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. Institutional investors and hedge funds own 92.41% of the company’s stock.

Insiders Place Their Bets

In other Robert Half news, Director Dirk A. Kempthorne sold 2,221 shares of the firm’s 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 completion of the sale, the director now owns 10,713 shares of the company’s stock, valued at $746,267.58. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.00% of the stock is owned by insiders.

Robert Half Stock Up 1.5 %

RHI stock opened at $63.16 on Tuesday. The business has a fifty day moving average of $69.54 and a two-hundred day moving average of $77.48. The stock has a market cap of $6.63 billion, a price-to-earnings ratio of 18.91, a price-to-earnings-growth ratio of 5.08 and a beta of 1.25. Robert Half Inc. has a 52-week low of $61.07 and a 52-week high of $88.39.

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 (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.01. The company had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Robert Half had a return on equity of 22.36% and a net margin of 5.74%. The firm’s quarterly revenue was down 14.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.14 earnings per share. As a group, sell-side analysts anticipate that Robert Half Inc. will post 2.92 EPS for the current year.

Robert Half Dividend Announcement

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 dividend of $0.53 per share. The ex-dividend date is Thursday, May 23rd. This represents a $2.12 annualized dividend and a yield of 3.36%. Robert Half’s dividend payout ratio (DPR) is 63.47%.

Analysts Set New Price Targets

RHI has been the subject of a number of research analyst reports. StockNews.com raised Robert Half from a “hold” rating to a “buy” rating in a report on Wednesday, May 29th. Truist Financial upgraded Robert Half from a “sell” rating to a “hold” rating and set a $72.00 price target for the company in a research report on Monday, April 22nd. Finally, Robert W. Baird dropped their price target on Robert Half from $84.00 to $79.00 and set an “outperform” rating for the company in a research report on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Robert Half has a consensus rating of “Hold” and an average target price of $68.14.

View Our Latest Research Report on Robert Half

Robert Half Company Profile

(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.

Further Reading

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

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