Robert Half Inc. (NYSE:RHI) Stake Lowered by American International Group Inc.

American International Group Inc. cut its stake in shares of Robert Half Inc. (NYSE:RHI) by 2.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,746 shares of the business services provider’s stock after selling 573 shares during the quarter. American International Group Inc.’s holdings in Robert Half were worth $2,439,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. V Square Quantitative Management LLC grew its holdings in Robert Half by 12.5% in the 4th quarter. V Square Quantitative Management LLC now owns 3,992 shares of the business services provider’s stock worth $351,000 after buying an additional 444 shares in the last quarter. Readystate Asset Management LP lifted its position in Robert Half by 24.8% in the fourth quarter. Readystate Asset Management LP now owns 17,098 shares of the business services provider’s stock worth $1,503,000 after purchasing an additional 3,398 shares during the period. Fiduciary Management Inc. WI lifted its position in Robert Half by 3.4% in the fourth quarter. Fiduciary Management Inc. WI now owns 1,944,057 shares of the business services provider’s stock worth $170,921,000 after purchasing an additional 64,114 shares during the period. Unigestion Holding SA acquired a new stake in Robert Half in the fourth quarter worth approximately $424,000. Finally, Lighthouse Investment Partners LLC acquired a new stake in Robert Half in the fourth quarter worth approximately $2,082,000. 92.41% of the stock is owned by institutional investors.

Insider Transactions at Robert Half

In other news, Director Dirk A. Kempthorne sold 2,221 shares of the company’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $69.66, for a total value of $154,714.86. Following the transaction, the director now directly owns 10,713 shares of the company’s stock, valued at $746,267.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 3.00% of the stock is currently owned by company insiders.

Robert Half Stock Down 1.3 %

RHI opened at $64.43 on Wednesday. The stock has a fifty day moving average of $67.38 and a 200-day moving average of $76.09. The firm has a market capitalization of $6.76 billion, a P/E ratio of 19.29, a PEG ratio of 5.31 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:RHI) last released its earnings results 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. The company had revenue of $1.48 billion during 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%. The company’s revenue for the quarter was down 14.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.14 earnings per share. On average, analysts expect that Robert Half Inc. will post 2.92 earnings per share for the current fiscal year.

Robert Half Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 24th were paid a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date was Thursday, May 23rd. Robert Half’s dividend payout ratio (DPR) is presently 63.47%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Truist Financial upgraded Robert Half from a “sell” rating to a “hold” rating and set a $72.00 price objective for the company in a research report on Monday, April 22nd. Robert W. Baird cut their price objective 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. StockNews.com downgraded Robert Half from a “buy” rating to a “hold” rating in a research report on Monday. Finally, BNP Paribas upgraded Robert Half from an “underperform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research report on Tuesday, June 11th. 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 MarketBeat, Robert Half currently has a consensus rating of “Hold” and an average target price of $68.71.

Robert Half Company Profile

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.