Clarius Group LLC Trims Position in Robert Half Inc. (NYSE:RHI)

Clarius Group LLC decreased its position in shares of Robert Half Inc. (NYSE:RHI) by 5.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,695 shares of the business services provider’s stock after selling 156 shares during the quarter. Clarius Group LLC’s holdings in Robert Half were worth $237,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of RHI. Cerity Partners LLC lifted its position in shares of Robert Half by 306.5% in the fourth quarter. Cerity Partners LLC now owns 15,324 shares of the business services provider’s stock valued at $1,347,000 after acquiring an additional 11,554 shares in the last quarter. Confluence Wealth Services Inc. bought a new position in Robert Half in the 4th quarter worth approximately $223,000. International Assets Investment Management LLC grew its holdings in Robert Half by 5,342.9% during the 4th quarter. International Assets Investment Management LLC now owns 2,286 shares of the business services provider’s stock valued at $201,000 after buying an additional 2,244 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in Robert Half by 1.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 38,488 shares of the business services provider’s stock valued at $3,384,000 after buying an additional 500 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its holdings in shares of Robert Half by 2.0% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 97,703 shares of the business services provider’s stock worth $8,526,000 after buying an additional 1,925 shares in the last quarter. Institutional investors own 92.41% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on RHI shares. BMO Capital Markets reduced their price target on shares of Robert Half from $85.00 to $80.00 and set a “market perform” rating on the stock in a report on Wednesday, January 31st. Truist Financial boosted their price objective on Robert Half from $66.00 to $72.00 and gave the stock a “sell” rating in a research note on Thursday, January 25th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $68.57.

Insider Buying and Selling at Robert Half

In related news, EVP Robert W. Glass sold 7,500 shares of Robert Half stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $80.46, for a total value of $603,450.00. Following the completion of the sale, the executive vice president now directly owns 186,062 shares in the company, valued at $14,970,548.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.80% of the stock is currently owned by corporate insiders.

Robert Half Trading Down 2.1 %

Shares of RHI opened at $70.54 on Tuesday. The firm has a market capitalization of $7.42 billion, a P/E ratio of 18.23, a P/E/G ratio of 17.97 and a beta of 1.26. Robert Half Inc. has a 12-month low of $64.65 and a 12-month high of $88.39. The firm has a fifty day moving average price of $78.84 and a 200-day moving average price of $79.68.

Robert Half (NYSE:RHI) last released its quarterly earnings data on Tuesday, January 30th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.01. The company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Robert Half had a net margin of 6.43% and a return on equity of 25.73%. The firm’s quarterly revenue was down 14.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.37 EPS. Analysts predict that Robert Half Inc. will post 3.34 earnings per share for the current year.

Robert Half Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, February 23rd were issued a dividend of $0.53 per share. This is an increase from Robert Half’s previous quarterly dividend of $0.48. This represents a $2.12 annualized dividend and a yield of 3.01%. The ex-dividend date was Thursday, February 22nd. Robert Half’s dividend payout ratio (DPR) is presently 54.78%.

Robert Half Company 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.