Healthcare of Ontario Pension Plan Trust Fund Invests $672,000 in Robert Half Inc. (NYSE:RHI)

Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Robert Half Inc. (NYSE:RHI) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 10,500 shares of the business services provider’s stock, valued at approximately $672,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Qsemble Capital Management LP purchased a new stake in shares of Robert Half during the 1st quarter valued at $1,454,000. UniSuper Management Pty Ltd raised its position in Robert Half by 671.3% in the first quarter. UniSuper Management Pty Ltd now owns 12,341 shares of the business services provider’s stock worth $978,000 after acquiring an additional 10,741 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Robert Half by 10.0% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 122,356 shares of the business services provider’s stock valued at $9,700,000 after acquiring an additional 11,124 shares during the last quarter. iA Global Asset Management Inc. grew its position in shares of Robert Half by 167.3% during the 1st quarter. iA Global Asset Management Inc. now owns 21,414 shares of the business services provider’s stock valued at $1,698,000 after acquiring an additional 13,404 shares during the period. Finally, BNP Paribas Financial Markets increased its stake in shares of Robert Half by 40.5% during the 1st quarter. BNP Paribas Financial Markets now owns 108,570 shares of the business services provider’s stock worth $8,607,000 after purchasing an additional 31,300 shares during the last quarter. 92.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. BNP Paribas raised Robert Half from an “underperform” rating to an “outperform” rating and set a $80.00 price objective for the company in a report on Tuesday, June 11th. StockNews.com lowered Robert Half from a “buy” rating to a “hold” rating in a report on Friday, July 5th. Truist Financial dropped their price objective on shares of Robert Half from $72.00 to $62.00 and set a “hold” rating on the stock in a report on Friday, July 26th. JPMorgan Chase & Co. cut their target price on shares of Robert Half from $74.00 to $70.00 and set a “neutral” rating for the company in a research report on Thursday, July 25th. Finally, BMO Capital Markets lowered their price target on shares of Robert Half from $72.00 to $64.00 and set a “market perform” rating on the stock in a research report on Thursday, July 25th. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $67.86.

Insider Buying and Selling at Robert Half

In related news, Director Dirk A. Kempthorne sold 1,300 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $63.09, for a total value of $82,017.00. Following the transaction, the director now directly owns 13,342 shares in the company, valued at approximately $841,746.78. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.00% of the company’s stock.

Robert Half Trading Down 0.0 %

Shares of Robert Half stock opened at $66.79 on Wednesday. The company’s 50-day moving average price is $63.48 and its 200-day moving average price is $66.37. The company has a market cap of $7.01 billion, a price-to-earnings ratio of 20.00 and a beta of 1.23. Robert Half Inc. has a 12-month low of $57.05 and a 12-month high of $88.39.

Robert Half (NYSE:RHI) last announced its quarterly earnings results on Wednesday, July 24th. The business services provider reported $0.66 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.05). The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.49 billion. Robert Half had a net margin of 5.26% and a return on equity of 20.41%. The firm’s revenue for the quarter was down 10.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.00 earnings per share. On average, sell-side analysts predict that Robert Half Inc. will post 2.51 earnings per share for the current year.

Robert Half Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 23rd were paid a $0.53 dividend. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $2.12 dividend on an annualized basis and a yield of 3.17%. Robert Half’s dividend payout ratio is currently 63.47%.

About Robert Half

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.