Mn Services Vermogensbeheer B.V. Sells 1,900 Shares of Robert Half Inc. (NYSE:RHI)

Mn Services Vermogensbeheer B.V. cut its position in Robert Half Inc. (NYSE:RHI) by 3.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 49,481 shares of the business services provider’s stock after selling 1,900 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Robert Half were worth $4,350,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in RHI. Moneta Group Investment Advisors LLC raised its holdings in Robert Half by 116,277.2% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 7,941,582 shares of the business services provider’s stock valued at $586,327,000 after buying an additional 7,934,758 shares during the last quarter. Capital World Investors bought a new position in shares of Robert Half during the first quarter valued at $636,060,000. Millennium Management LLC lifted its holdings in shares of Robert Half by 2,249.5% during the fourth quarter. Millennium Management LLC now owns 1,597,852 shares of the business services provider’s stock worth $117,969,000 after purchasing an additional 1,529,845 shares during the period. Mawer Investment Management Ltd. bought a new stake in shares of Robert Half in the third quarter worth $106,840,000. Finally, Morgan Stanley increased its holdings in Robert Half by 74.8% in the third quarter. Morgan Stanley now owns 2,739,964 shares of the business services provider’s stock valued at $200,785,000 after purchasing an additional 1,172,351 shares during the period. 92.41% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on RHI. Truist Financial upped their price target on Robert Half from $66.00 to $72.00 and gave the company a “sell” rating in a research report on Thursday, January 25th. BMO Capital Markets decreased their target price on shares of Robert Half from $85.00 to $80.00 and set a “market perform” rating for the company in a research report on Wednesday, January 31st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Robert Half currently has a consensus rating of “Hold” and an average price target of $68.57.

Insider Buying and Selling at Robert Half

In other Robert Half news, EVP Robert W. Glass sold 7,500 shares of the firm’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $80.46, for a total value of $603,450.00. Following the transaction, the executive vice president now directly owns 186,062 shares of the company’s stock, valued at $14,970,548.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.80% of the company’s stock.

Robert Half Price Performance

NYSE RHI opened at $70.71 on Wednesday. The stock has a market capitalization of $7.43 billion, a P/E ratio of 18.27, a P/E/G ratio of 17.97 and a beta of 1.26. The business has a 50 day simple moving average of $78.65 and a 200 day simple moving average of $79.67. Robert Half Inc. has a one year low of $64.65 and a one year high of $88.39.

Robert Half (NYSE:RHI) last announced its quarterly earnings data on Tuesday, January 30th. The business services provider reported $0.83 EPS for the quarter, topping the consensus estimate of $0.82 by $0.01. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.47 billion. Robert Half had a net margin of 6.43% and a return on equity of 25.73%. The company’s quarterly revenue was down 14.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.37 EPS. Equities analysts expect 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 paid a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date was Thursday, February 22nd. This is a boost from Robert Half’s previous quarterly dividend of $0.48. Robert Half’s dividend payout ratio (DPR) is 54.78%.

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.