IFM Investors Pty Ltd Buys 2,439 Shares of Robert Half Inc. (NYSE:RHI)

IFM Investors Pty Ltd boosted its stake in Robert Half Inc. (NYSE:RHI) by 10.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,172 shares of the business services provider’s stock after purchasing an additional 2,439 shares during the quarter. IFM Investors Pty Ltd’s holdings in Robert Half were worth $2,075,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC grew its position in shares of Robert Half by 60.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 16,471 shares of the business services provider’s stock valued at $1,306,000 after purchasing an additional 6,187 shares in the last quarter. Grimes & Company Inc. grew its holdings in shares of Robert Half by 4.0% during the first quarter. Grimes & Company Inc. now owns 225,508 shares of the business services provider’s stock worth $17,878,000 after purchasing an additional 8,700 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Robert Half by 5.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 60,677 shares of the business services provider’s stock worth $4,810,000 after purchasing an additional 3,211 shares during the last quarter. Cardinal Capital Management raised its stake in Robert Half by 17.2% in the first quarter. Cardinal Capital Management now owns 32,552 shares of the business services provider’s stock valued at $2,581,000 after purchasing an additional 4,787 shares in the last quarter. Finally, FCF Advisors LLC lifted its position in Robert Half by 8.1% during the first quarter. FCF Advisors LLC now owns 21,050 shares of the business services provider’s stock valued at $1,669,000 after purchasing an additional 1,577 shares during the last quarter. Hedge funds and other institutional investors own 92.41% of the company’s stock.

Robert Half Stock Performance

Shares of RHI stock traded down $1.25 on Friday, hitting $69.35. 2,130,676 shares of the company’s stock traded hands, compared to its average volume of 999,589. The stock has a market capitalization of $7.29 billion, a price-to-earnings ratio of 20.76, a P/E/G ratio of 17.55 and a beta of 1.26. The company’s fifty day simple moving average is $76.99 and its 200 day simple moving average is $79.39. Robert Half Inc. has a one year low of $64.65 and a one year high of $88.39.

Robert Half (NYSE:RHI) last announced 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 return on equity of 22.08% and a net margin of 5.74%. The firm had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same period last year, the firm earned $1.14 earnings per share. The company’s revenue for the quarter was down 14.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Robert Half Inc. will post 3.35 earnings per share for the current fiscal year.

Robert Half Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, February 23rd were paid a $0.53 dividend. This is a boost from Robert Half’s previous quarterly dividend of $0.48. This represents a $2.12 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date was Thursday, February 22nd. Robert Half’s payout ratio is 63.47%.

Analyst Ratings Changes

A number of equities analysts have 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 report on Friday. Truist Financial raised Robert Half from a “sell” rating to a “hold” rating and set a $72.00 target price on the stock in a research note on Monday, April 22nd. Finally, BMO Capital Markets dropped their price target on Robert Half from $85.00 to $80.00 and set a “market perform” rating for the company in a research note on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $68.14.

Insider Buying and Selling at Robert Half

In other news, EVP Robert W. Glass sold 7,500 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $80.46, for a total value of $603,450.00. Following the transaction, the executive vice president now owns 186,062 shares in the company, valued at $14,970,548.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.00% of the company’s stock.

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.