Principal Financial Group Inc. Acquires 822 Shares of Robert Half Inc. (NYSE:RHI)

Principal Financial Group Inc. increased its holdings in Robert Half Inc. (NYSE:RHI) by 0.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 140,354 shares of the business services provider’s stock after acquiring an additional 822 shares during the period. Principal Financial Group Inc. owned about 0.13% of Robert Half worth $12,340,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Venturi Wealth Management LLC grew its holdings in Robert Half by 55.0% during the fourth quarter. Venturi Wealth Management LLC now owns 420 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 149 shares during the period. GAMMA Investing LLC bought a new position in Robert Half during the fourth quarter valued at $46,000. Larson Financial Group LLC bought a new position in Robert Half during the third quarter valued at $39,000. CoreFirst Bank & Trust grew its holdings in Robert Half by 440.0% during the third quarter. CoreFirst Bank & Trust now owns 540 shares of the business services provider’s stock valued at $40,000 after purchasing an additional 440 shares during the period. Finally, Orion Capital Management LLC bought a new position in Robert Half during the third quarter valued at $43,000. 92.41% of the stock is owned by institutional investors.

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 dated 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 $14,970,548.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Robert W. Glass sold 7,500 shares of the firm’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $80.46, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dirk A. Kempthorne sold 2,221 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $69.66, for a total value of $154,714.86. Following the transaction, the director now directly owns 10,713 shares in the company, valued at $746,267.58. The disclosure for this sale can be found here. Company insiders own 3.00% of the company’s stock.

Analysts Set New Price Targets

RHI has been the subject of several research reports. Truist Financial raised Robert Half from a “sell” rating to a “hold” rating and set a $72.00 price objective for the company in a report on Monday, April 22nd. BMO Capital Markets cut their price target 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. Robert W. Baird cut their price target 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, StockNews.com lowered Robert Half from a “buy” rating to a “hold” rating in a report on Tuesday, May 21st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Robert Half has a consensus rating of “Hold” and an average price target of $68.14.

Robert Half Stock Performance

Shares of RHI stock opened at $66.55 on Friday. Robert Half Inc. has a 52-week low of $64.65 and a 52-week high of $88.39. The company has a market capitalization of $6.98 billion, a PE ratio of 19.93, a price-to-earnings-growth ratio of 5.46 and a beta of 1.30. The business’s fifty day moving average is $72.83 and its 200 day moving average is $78.66.

Robert Half (NYSE:RHI) last issued its quarterly earnings data 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. Robert Half had a return on equity of 22.36% and a net margin of 5.74%. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter last year, the business posted $1.14 earnings per share. The firm’s revenue was down 14.0% compared to the same quarter last year. On average, sell-side analysts forecast that Robert Half Inc. will post 2.92 EPS for the current fiscal year.

Robert Half Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 24th will be given a dividend of $0.53 per share. The ex-dividend date is Thursday, May 23rd. This represents a $2.12 dividend on an annualized basis and a yield of 3.19%. Robert Half’s payout ratio is 63.47%.

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.