Robert Half Inc. (NYSE:RHI) Director Dirk A. Kempthorne Sells 2,221 Shares

Robert Half Inc. (NYSE:RHI) Director Dirk A. Kempthorne sold 2,221 shares of the business’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $69.66, for a total transaction of $154,714.86. Following the sale, the director now owns 10,713 shares in the company, valued at $746,267.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Robert Half Price Performance

Shares of Robert Half stock traded up $0.03 on Thursday, reaching $70.15. 766,375 shares of the company were exchanged, compared to its average volume of 1,094,297. The stock’s 50 day moving average price is $75.32 and its 200-day moving average price is $79.07. The company has a market cap of $7.36 billion, a P/E ratio of 21.00, a price-to-earnings-growth ratio of 3.30 and a beta of 1.30. Robert Half Inc. has a 1-year low of $64.65 and a 1-year high of $88.39.

Robert Half (NYSE:RHI) last announced its quarterly 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 firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate 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 period in the prior year, the company posted $1.14 earnings per share. On average, research analysts predict that Robert Half Inc. will post 2.98 earnings per share for the current fiscal year.

Robert Half Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 24th will be issued a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date of this dividend is Thursday, May 23rd. Robert Half’s dividend payout ratio (DPR) is 63.47%.

Hedge Funds Weigh In On Robert Half

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Capital World Investors boosted its holdings in Robert Half by 6.7% in the fourth quarter. Capital World Investors now owns 14,574,944 shares of the business services provider’s stock valued at $1,281,429,000 after purchasing an additional 917,311 shares in the last quarter. Mawer Investment Management Ltd. lifted its holdings in shares of Robert Half by 105.4% during the first quarter. Mawer Investment Management Ltd. now owns 3,655,626 shares of the business services provider’s stock valued at $289,818,000 after purchasing an additional 1,875,476 shares during the last quarter. Boston Partners raised its holdings in shares of Robert Half by 36.5% during the fourth quarter. Boston Partners now owns 3,270,365 shares of the business services provider’s stock valued at $287,265,000 after acquiring an additional 874,620 shares during the period. Charles Schwab Investment Management Inc. grew its position in Robert Half by 2.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,634,682 shares of the business services provider’s stock worth $193,069,000 after purchasing an additional 57,130 shares in the last quarter. Finally, Fiduciary Management Inc. WI grew its position in Robert Half by 3.4% during the 4th 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 in the last quarter. 92.41% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Robert W. Baird cut their price target on shares of Robert Half from $84.00 to $79.00 and set an “outperform” rating on the stock in a research note on Friday, April 26th. BMO Capital Markets lowered their price objective on Robert Half from $85.00 to $80.00 and set a “market perform” rating for the company in a research report on Wednesday, January 31st. Truist Financial raised 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. Finally, StockNews.com downgraded Robert Half from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Robert Half has a consensus rating of “Hold” and an average price target of $68.14.

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.