Robert Half Inc. (NYSE:RHI) Shares Sold by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC trimmed its stake in shares of Robert Half Inc. (NYSE:RHI) by 16.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,608 shares of the business services provider’s stock after selling 5,757 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Robert Half were worth $2,515,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its stake in shares of Robert Half by 2.2% during the third 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 during the last quarter. Boston Partners raised its holdings in Robert Half by 61.5% during the third quarter. Boston Partners now owns 2,395,745 shares of the business services provider’s stock worth $175,400,000 after purchasing an additional 911,969 shares in the last quarter. Northern Trust Corp raised its holdings in Robert Half by 10.1% during the third quarter. Northern Trust Corp now owns 1,792,144 shares of the business services provider’s stock worth $131,328,000 after purchasing an additional 164,517 shares in the last quarter. Invesco Ltd. lifted its position in Robert Half by 8.6% in the third quarter. Invesco Ltd. now owns 1,706,986 shares of the business services provider’s stock valued at $125,088,000 after purchasing an additional 135,664 shares during the period. Finally, Mawer Investment Management Ltd. purchased a new stake in Robert Half in the 3rd quarter valued at approximately $106,840,000. 92.41% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Robert Half

In other Robert Half news, EVP Robert W. Glass sold 7,500 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $80.46, for a total transaction of $603,450.00. Following the sale, the executive vice president now owns 186,062 shares in the company, valued at approximately $14,970,548.52. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

RHI has been the subject of a number of analyst reports. Truist Financial raised Robert Half from a “sell” rating to a “hold” rating and set a $72.00 target price for the company in a research note on Monday, April 22nd. BMO Capital Markets reduced their target price on Robert Half from $85.00 to $80.00 and set a “market perform” rating for the company in a report on Wednesday, January 31st. Finally, Robert W. Baird lowered 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. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $68.14.

Robert Half Stock Performance

RHI opened at $69.25 on Thursday. The company has a market cap of $7.28 billion, a price-to-earnings ratio of 20.73, a PEG ratio of 2.97 and a beta of 1.26. Robert Half Inc. has a one year low of $64.65 and a one year high of $88.39. The business’s fifty day moving average is $76.34 and its two-hundred day moving average is $79.26.

Robert Half (NYSE:RHI) last released its quarterly earnings results on Thursday, April 25th. The business services provider reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.01. Robert Half had a return on equity of 22.36% and a net margin of 5.74%. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the previous year, the company posted $1.14 EPS. The business’s revenue was down 14.0% on a year-over-year basis. On average, analysts predict that Robert Half Inc. will post 3.3 EPS for the current fiscal year.

Robert Half Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 24th will be paid a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.06%. Robert Half’s dividend payout ratio (DPR) is 63.47%.

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.