Robert Half Inc. (NYSE:RHI) Stake Trimmed by Savant Capital LLC

Savant Capital LLC lessened its stake in shares of Robert Half Inc. (NYSE:RHI) by 0.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 29,127 shares of the business services provider’s stock after selling 200 shares during the period. Savant Capital LLC’s holdings in Robert Half were worth $2,052,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of RHI. Mawer Investment Management Ltd. raised its holdings in shares of Robert Half by 28.9% during the third 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. Charles Schwab Investment Management Inc. grew its position in Robert Half by 5.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,285,008 shares of the business services provider’s stock worth $221,442,000 after purchasing an additional 159,750 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its stake in 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 valued at $90,534,000 after purchasing an additional 225,210 shares during the period. Pzena Investment Management LLC lifted its holdings in shares of Robert Half by 41.9% in the third quarter. Pzena Investment Management LLC now owns 1,027,683 shares of the business services provider’s stock valued at $69,276,000 after purchasing an additional 303,421 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of Robert Half by 32.7% in the third quarter. Victory Capital Management Inc. now owns 613,752 shares of the business services provider’s stock worth $41,373,000 after buying an additional 151,261 shares during the period. 92.41% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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 value of $76,729.20. Following the completion of the sale, the director now directly owns 12,310 shares in the company, valued at approximately $915,248.50. The trade was a 7.73 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 3.00% of the company’s stock.

Robert Half Stock Performance

NYSE:RHI opened at $57.91 on Thursday. The company has a market capitalization of $5.98 billion, a P/E ratio of 23.73 and a beta of 1.23. The stock’s 50 day moving average price is $69.16 and its 200 day moving average price is $67.71. Robert Half Inc. has a 52 week low of $57.05 and a 52 week high of $83.25.

Robert Half (NYSE:RHI) last posted its earnings results on Wednesday, January 29th. The business services provider reported $0.53 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.01). Robert Half had a return on equity of 17.20% and a net margin of 4.34%. As a group, sell-side analysts forecast that Robert Half Inc. will post 2.53 earnings per share for the current fiscal year.

Robert Half Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Tuesday, February 25th will be issued a dividend of $0.59 per share. This is a positive change from Robert Half’s previous quarterly dividend of $0.53. This represents a $2.36 annualized dividend and a yield of 4.08%. Robert Half’s dividend payout ratio (DPR) is 86.89%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Barclays raised Robert Half from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $60.00 to $80.00 in a research report on Friday, January 3rd. BNP Paribas upgraded Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 target price on the stock in a report on Monday. JPMorgan Chase & Co. decreased their price target on shares of Robert Half from $69.00 to $65.00 and set a “neutral” rating for the company in a report on Thursday, January 30th. Finally, Truist Financial upgraded shares of Robert Half from a “hold” rating to a “buy” rating and upped their price objective for the company from $62.00 to $90.00 in a research note on Friday, December 13th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $74.92.

About Robert Half

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.