Robert Half Inc. (NYSE:RHI) Shares Sold by Uncommon Cents Investing LLC

Uncommon Cents Investing LLC lessened its holdings in Robert Half Inc. (NYSE:RHI) by 2.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,510 shares of the business services provider’s stock after selling 330 shares during the period. Uncommon Cents Investing LLC’s holdings in Robert Half were worth $811,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Mawer Investment Management Ltd. raised its holdings in 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 buying an additional 1,049,005 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Robert Half by 5.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,285,008 shares of the business services provider’s stock valued at $221,442,000 after acquiring an additional 159,750 shares during the period. AQR Capital Management LLC raised its stake in shares of Robert Half by 101.0% in the 2nd quarter. AQR Capital Management LLC now owns 1,564,247 shares of the business services provider’s stock valued at $99,439,000 after acquiring an additional 786,031 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Robert Half by 17.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,542,502 shares of the business services provider’s stock worth $98,687,000 after acquiring an additional 231,129 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its position in shares of Robert Half by 20.1% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,343,030 shares of the business services provider’s stock worth $90,534,000 after purchasing an additional 225,210 shares during the period. 92.41% of the stock is currently owned by hedge funds and other institutional investors.

Robert Half Price Performance

RHI stock opened at $70.85 on Monday. 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 $7.31 billion, a P/E ratio of 25.86 and a beta of 1.24. The business’s 50-day moving average is $72.41 and its two-hundred day moving average is $67.55.

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

Robert Half Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, November 25th were paid a dividend of $0.53 per share. The ex-dividend date was Monday, November 25th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.99%. Robert Half’s payout ratio is currently 77.37%.

Insider Activity at Robert Half

In related news, Director Dirk A. Kempthorne sold 1,032 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $74.35, for a total transaction of $76,729.20. Following the completion of the sale, 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

RHI has been the topic of a number of research reports. Truist Financial upgraded Robert Half from a “hold” rating to a “buy” rating and upped their price target for the stock from $62.00 to $90.00 in a research note on Friday, December 13th. BNP Paribas lowered 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. JPMorgan Chase & Co. lowered their target price on Robert Half from $70.00 to $69.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Finally, Barclays upgraded shares of Robert Half from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $60.00 to $80.00 in a research note on Friday, January 3rd. One investment analyst has 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 data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $74.33.

Robert Half 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.