Geode Capital Management LLC Has $138.64 Million Position in Robert Half Inc. (NYSE:RHI)

Geode Capital Management LLC lessened its holdings in shares of Robert Half Inc. (NYSE:RHI) by 4.7% in the third quarter, according to its most recent filing with the SEC. The firm owned 2,056,267 shares of the business services provider’s stock after selling 101,179 shares during the period. Geode Capital Management LLC owned 1.99% of Robert Half worth $138,643,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Thrivent Financial for Lutherans boosted its holdings in Robert Half by 27,895.0% during the second quarter. Thrivent Financial for Lutherans now owns 1,244,939 shares of the business services provider’s stock worth $79,652,000 after buying an additional 1,240,492 shares during the last quarter. Mawer Investment Management Ltd. raised 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. AQR Capital Management LLC boosted its position in shares of Robert Half by 101.0% during the second quarter. AQR Capital Management LLC now owns 1,564,247 shares of the business services provider’s stock worth $99,439,000 after purchasing an additional 786,031 shares in the last quarter. Point72 Asset Management L.P. bought a new position in Robert Half during the third quarter worth about $41,096,000. Finally, Pacer Advisors Inc. increased its holdings in shares of Robert Half by 54.7% in the second quarter. Pacer Advisors Inc. now owns 1,628,919 shares of the business services provider’s stock worth $104,218,000 after acquiring an additional 575,879 shares in the last quarter. Institutional investors own 92.41% of the company’s stock.

Analyst Ratings Changes

RHI has been the subject of several research analyst reports. Truist Financial upgraded Robert Half from a “hold” rating to a “buy” rating and boosted their price objective for the company from $62.00 to $90.00 in a research report on Friday. JPMorgan Chase & Co. lowered their price objective on shares of Robert Half from $70.00 to $69.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Finally, BNP Paribas cut shares of Robert Half from an “outperform” rating to an “underperform” rating and set a $64.00 price objective on the stock. in a research report on Monday. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $71.00.

Insider Activity at Robert Half

In other Robert Half news, Director Dirk A. Kempthorne sold 1,032 shares of the company’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $74.35, for a total transaction of $76,729.20. Following the sale, the director now directly owns 12,310 shares of the company’s stock, valued at approximately $915,248.50. This represents a 7.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 3.00% of the company’s stock.

Robert Half Stock Down 1.3 %

NYSE RHI opened at $75.09 on Tuesday. The firm’s 50 day moving average is $71.79 and its 200-day moving average is $66.50. The company has a market capitalization of $7.75 billion, a PE ratio of 27.41 and a beta of 1.24. Robert Half Inc. has a 12-month low of $57.05 and a 12-month high of $88.39.

Robert Half (NYSE:RHI) last issued its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $0.64 earnings per share (EPS) 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 analyst estimates of $1.44 billion. During the same period in the previous year, the business earned $0.90 EPS. The company’s revenue was down 6.3% compared to the same quarter last year. As a group, sell-side analysts expect that Robert Half Inc. will post 2.45 EPS for the current year.

Robert Half Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, November 25th were issued a dividend of $0.53 per share. The ex-dividend date was Monday, November 25th. This represents a $2.12 annualized dividend and a yield of 2.82%. Robert Half’s payout ratio is presently 77.37%.

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.