Robert Half Inc. (NYSE:RHI) Shares Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Robert Half Inc. (NYSE:RHIFree Report) by 77.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 67,873 shares of the business services provider’s stock after acquiring an additional 29,537 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 0.06% of Robert Half worth $5,313,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Wellington Management Group LLP boosted its position in shares of Robert Half by 2.3% during the third quarter. Wellington Management Group LLP now owns 1,050,091 shares of the business services provider’s stock worth $76,951,000 after buying an additional 23,377 shares during the period. CoreFirst Bank & Trust boosted its position in shares of Robert Half by 440.0% during the third quarter. CoreFirst Bank & Trust now owns 540 shares of the business services provider’s stock worth $40,000 after buying an additional 440 shares during the period. DNB Asset Management AS boosted its position in shares of Robert Half by 0.6% during the fourth quarter. DNB Asset Management AS now owns 42,112 shares of the business services provider’s stock worth $3,702,000 after buying an additional 241 shares during the period. FCF Advisors LLC boosted its position in shares of Robert Half by 126.2% during the fourth quarter. FCF Advisors LLC now owns 19,473 shares of the business services provider’s stock worth $1,712,000 after buying an additional 10,865 shares during the period. Finally, Nordea Investment Management AB boosted its position in shares of Robert Half by 68.1% during the fourth quarter. Nordea Investment Management AB now owns 46,632 shares of the business services provider’s stock worth $4,092,000 after buying an additional 18,892 shares during the period. Institutional investors and hedge funds own 92.41% of the company’s stock.

Robert Half Trading Up 0.7 %

NYSE:RHI opened at $61.29 on Thursday. The firm has a market cap of $6.43 billion, a PE ratio of 18.35, a price-to-earnings-growth ratio of 5.25 and a beta of 1.25. The stock has a fifty day moving average price of $65.84 and a 200 day moving average price of $74.40. Robert Half Inc. has a 12-month low of $60.66 and a 12-month high of $88.39.

Robert Half (NYSE:RHIGet Free Report) last announced its quarterly earnings results on Thursday, April 25th. The business services provider reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.01. The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.49 billion. Robert Half had a return on equity of 22.36% and a net margin of 5.74%. Robert Half’s revenue for the quarter was down 14.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.14 EPS. Equities analysts forecast that Robert Half Inc. will post 2.92 EPS for the current year.

Robert Half Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 24th were issued a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date was Thursday, May 23rd. Robert Half’s dividend payout ratio (DPR) is 63.47%.

Insiders Place Their Bets

In other Robert Half news, Director Dirk A. Kempthorne sold 2,221 shares of Robert Half stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $69.66, for a total transaction of $154,714.86. Following the completion of the sale, the director now directly owns 10,713 shares of the company’s stock, valued at approximately $746,267.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on RHI. Truist Financial upgraded Robert Half from a “sell” rating to a “hold” rating and set a $72.00 price target for the company in a research report on Monday, April 22nd. StockNews.com lowered Robert Half from a “buy” rating to a “hold” rating in a report on Friday, July 5th. Robert W. Baird decreased their target price on Robert Half from $84.00 to $79.00 and set an “outperform” rating for the company in a report on Friday, April 26th. Finally, BNP Paribas upgraded Robert Half from an “underperform” rating to an “outperform” rating and set a $80.00 target price for the company in a report on Tuesday, June 11th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $68.71.

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About Robert Half

(Free Report)

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.

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Institutional Ownership by Quarter for Robert Half (NYSE:RHI)

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