404,024 Shares in Robert Half Inc. (NYSE:RHI) Purchased by Swedbank AB

Swedbank AB purchased a new position in shares of Robert Half Inc. (NYSE:RHI) during the 1st quarter, HoldingsChannel reports. The institutional investor purchased 404,024 shares of the business services provider’s stock, valued at approximately $32,031,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Mawer Investment Management Ltd. raised its position in Robert Half by 105.4% in the first quarter. Mawer Investment Management Ltd. now owns 3,655,626 shares of the business services provider’s stock worth $289,818,000 after acquiring an additional 1,875,476 shares during the period. Capital World Investors grew its stake in Robert Half by 6.7% in the 4th quarter. Capital World Investors now owns 14,574,944 shares of the business services provider’s stock worth $1,281,429,000 after buying an additional 917,311 shares in the last quarter. Boston Partners grew its stake in Robert Half by 36.5% in the 4th quarter. Boston Partners now owns 3,270,365 shares of the business services provider’s stock worth $287,265,000 after buying an additional 874,620 shares in the last quarter. Norges Bank purchased a new stake in shares of Robert Half in the 4th quarter valued at $73,311,000. Finally, Jacobs Levy Equity Management Inc. boosted its stake in shares of Robert Half by 900.6% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 834,447 shares of the business services provider’s stock valued at $66,155,000 after purchasing an additional 751,049 shares in the last quarter. 92.41% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Robert Half

In related news, Director Dirk A. Kempthorne sold 1,300 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $63.09, for a total transaction of $82,017.00. Following the sale, the director now directly owns 13,342 shares of the company’s stock, valued at approximately $841,746.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Dirk A. Kempthorne sold 2,221 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The shares were 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 of the company’s stock, valued at approximately $746,267.58. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Dirk A. Kempthorne sold 1,300 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $63.09, for a total transaction of $82,017.00. Following the sale, the director now directly owns 13,342 shares in the company, valued at approximately $841,746.78. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by insiders.

Robert Half Price Performance

Shares of Robert Half stock opened at $63.25 on Friday. The company has a 50-day moving average of $63.95 and a 200 day moving average of $72.09. The firm has a market cap of $6.58 billion, a price-to-earnings ratio of 18.94, a PEG ratio of 5.91 and a beta of 1.25. Robert Half Inc. has a 1 year low of $57.05 and a 1 year high of $88.39.

Robert Half (NYSE:RHI) last issued its quarterly earnings results on Wednesday, July 24th. The business services provider reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.05). Robert Half had a return on equity of 20.41% and a net margin of 5.26%. The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the previous year, the business earned $1.00 earnings per share. The firm’s revenue was down 10.2% compared to the same quarter last year. On average, equities analysts anticipate that Robert Half Inc. will post 2.58 EPS for the current year.

Robert Half Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 23rd will be given a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 3.35%. The ex-dividend date is Friday, August 23rd. Robert Half’s dividend payout ratio (DPR) is 63.47%.

Analysts Set New Price Targets

RHI has been the subject of a number of recent analyst reports. StockNews.com lowered shares of Robert Half from a “buy” rating to a “hold” rating in a report on Friday, July 5th. JPMorgan Chase & Co. lowered their price target on shares of Robert Half from $74.00 to $70.00 and set a “neutral” rating for the company in a report on Thursday, July 25th. Barclays lowered their price target on shares of Robert Half from $70.00 to $60.00 and set an “underweight” rating for the company in a report on Friday, July 26th. BNP Paribas upgraded shares of 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. Finally, Truist Financial decreased their price objective on shares of Robert Half from $72.00 to $62.00 and set a “hold” rating for the company in a report on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $67.86.

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.