California State Teachers Retirement System Sells 2,744 Shares of Robert Half Inc. (NYSE:RHI)

California State Teachers Retirement System reduced its holdings in shares of Robert Half Inc. (NYSE:RHIFree Report) by 1.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 179,023 shares of the business services provider’s stock after selling 2,744 shares during the quarter. California State Teachers Retirement System owned approximately 0.17% of Robert Half worth $15,740,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Empirical Asset Management LLC increased its position in Robert Half by 2.6% in the fourth quarter. Empirical Asset Management LLC now owns 5,270 shares of the business services provider’s stock worth $463,000 after buying an additional 134 shares during the last quarter. Wahed Invest LLC lifted its stake in Robert Half by 9.0% during the third quarter. Wahed Invest LLC now owns 1,637 shares of the business services provider’s stock worth $120,000 after purchasing an additional 135 shares during the last quarter. Venturi Wealth Management LLC lifted its stake 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 worth $37,000 after purchasing an additional 149 shares during the last quarter. Treasurer of the State of North Carolina lifted its stake in shares of Robert Half by 0.4% in the 3rd quarter. Treasurer of the State of North Carolina now owns 48,997 shares of the business services provider’s stock valued at $3,591,000 after acquiring an additional 175 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S lifted its stake in shares of Robert Half by 2.8% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 6,477 shares of the business services provider’s stock valued at $569,000 after acquiring an additional 175 shares during the last quarter. 92.41% of the stock is currently owned by institutional investors.

Robert Half Trading Down 1.0 %

RHI stock opened at $62.25 on Friday. The stock has a market capitalization of $6.53 billion, a PE ratio of 18.64, a price-to-earnings-growth ratio of 5.16 and a beta of 1.25. Robert Half Inc. has a 12-month low of $62.06 and a 12-month high of $88.39. The stock’s 50 day simple moving average is $69.84 and its 200 day simple moving average is $77.67.

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

Robert Half Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 24th will be issued a dividend of $0.53 per share. The ex-dividend date is Thursday, May 23rd. This represents a $2.12 annualized dividend and a dividend yield of 3.41%. Robert Half’s payout ratio is 63.47%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on RHI shares. 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. StockNews.com upgraded Robert Half from a “hold” rating to a “buy” rating in a report on Wednesday, May 29th. Finally, Robert W. Baird cut their price target on 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 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 stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $68.14.

Check Out Our Latest Research Report on Robert Half

Insider Activity

In related news, Director Dirk A. Kempthorne sold 2,221 shares of Robert Half stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $69.66, for a total transaction of $154,714.86. Following the transaction, the director now directly owns 10,713 shares in the company, valued at $746,267.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.00% of the company’s stock.

Robert Half Profile

(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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