Robert Half Inc. (NYSE:RHI) Shares Sold by Grimes & Company Inc.

Grimes & Company Inc. trimmed its position in Robert Half Inc. (NYSE:RHI) by 1.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 256,889 shares of the business services provider’s stock after selling 4,904 shares during the period. Grimes & Company Inc. owned 0.25% of Robert Half worth $18,100,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Mawer Investment Management Ltd. increased its position in shares of Robert Half by 28.9% in the 3rd quarter. Mawer Investment Management Ltd. now owns 4,681,340 shares of the business services provider’s stock valued at $315,569,000 after acquiring an additional 1,049,005 shares during the period. FORA Capital LLC purchased a new stake in Robert Half in the third quarter valued at $1,792,000. Renaissance Technologies LLC boosted its holdings in Robert Half by 136.3% in the second quarter. Renaissance Technologies LLC now owns 88,400 shares of the business services provider’s stock valued at $5,656,000 after purchasing an additional 50,995 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Robert Half by 20.5% in the third quarter. JPMorgan Chase & Co. now owns 270,467 shares of the business services provider’s stock valued at $18,232,000 after purchasing an additional 46,100 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in Robert Half by 828.9% in the third quarter. Janus Henderson Group PLC now owns 463,570 shares of the business services provider’s stock valued at $31,249,000 after purchasing an additional 413,664 shares during the last quarter. 92.41% of the stock is owned by institutional investors and hedge funds.

Robert Half Price Performance

RHI opened at $69.85 on Friday. The company’s 50 day simple moving average is $71.92 and its two-hundred day simple moving average is $67.74. Robert Half Inc. has a 1-year low of $57.05 and a 1-year high of $83.25. The firm has a market capitalization of $7.21 billion, a price-to-earnings ratio of 25.49 and a beta of 1.24.

Robert Half (NYSE:RHI) last released its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $0.64 EPS for the quarter, beating the consensus estimate of $0.62 by $0.02. The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.44 billion. Robert Half had a net margin of 4.84% and a return on equity of 18.78%. The business’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.90 EPS. On average, equities analysts anticipate that Robert Half Inc. will post 2.45 earnings per share for the current fiscal year.

Robert Half Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, November 25th were given a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 3.03%. The ex-dividend date of this dividend was Monday, November 25th. Robert Half’s payout ratio is presently 77.37%.

Analyst Ratings Changes

RHI has been the topic of several recent analyst reports. Barclays raised shares of Robert Half from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $60.00 to $80.00 in a research note on Friday, January 3rd. JPMorgan Chase & Co. lowered their target price on shares of Robert Half from $70.00 to $69.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. BNP Paribas lowered shares of Robert Half from an “outperform” rating to an “underperform” rating and set a $64.00 target price on the stock. in a research note on Monday, December 16th. Finally, Truist Financial upgraded Robert Half from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $62.00 to $90.00 in a report on Friday, December 13th. 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 data from MarketBeat.com, Robert Half presently has an average rating of “Hold” and an average target price of $74.33.

Insider Buying and Selling at Robert Half

In other Robert Half news, Director Dirk A. Kempthorne sold 1,032 shares of the business’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $74.35, for a total value of $76,729.20. Following the completion of the transaction, the director now owns 12,310 shares in the company, valued at $915,248.50. The trade was a 7.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 3.00% of the stock is owned by corporate insiders.

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.