Ontario Teachers Pension Plan Board Sells 68,188 Shares of Robert Half Inc. (NYSE:RHI)

Ontario Teachers Pension Plan Board lowered its position in shares of Robert Half Inc. (NYSE:RHI) by 71.3% during the third quarter, HoldingsChannel.com reports. The fund owned 27,438 shares of the business services provider’s stock after selling 68,188 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Robert Half were worth $1,850,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Sei Investments Co. boosted its position in shares of Robert Half by 134.3% during the 1st quarter. Sei Investments Co. now owns 47,692 shares of the business services provider’s stock worth $3,781,000 after purchasing an additional 27,334 shares in the last quarter. Avantax Advisory Services Inc. purchased a new stake in Robert Half in the 1st quarter valued at about $226,000. Vanguard Group Inc. increased its stake in Robert Half by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 12,795,282 shares of the business services provider’s stock valued at $1,014,410,000 after buying an additional 366,978 shares during the last quarter. O Shaughnessy Asset Management LLC increased its stake in Robert Half by 5.5% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 11,565 shares of the business services provider’s stock valued at $917,000 after buying an additional 602 shares during the last quarter. Finally, UniSuper Management Pty Ltd increased its stake in Robert Half by 671.3% in the 1st quarter. UniSuper Management Pty Ltd now owns 12,341 shares of the business services provider’s stock valued at $978,000 after buying an additional 10,741 shares during the last quarter. Institutional investors own 92.41% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on RHI. Barclays decreased their price target on shares of Robert Half from $70.00 to $60.00 and set an “underweight” rating for the company in a research note on Friday, July 26th. BMO Capital Markets decreased their price target on shares of Robert Half from $72.00 to $64.00 and set a “market perform” rating for the company in a research note on Thursday, July 25th. JPMorgan Chase & Co. decreased their price target on shares of Robert Half from $70.00 to $69.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Finally, Truist Financial reduced their price objective on shares of Robert Half from $72.00 to $62.00 and set a “hold” rating for the company in a research note on Friday, July 26th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $69.00.

Robert Half Stock Performance

Shares of NYSE RHI opened at $71.32 on Wednesday. The firm’s 50 day moving average price is $68.41 and its 200-day moving average price is $65.73. The company has a market cap of $7.36 billion, a PE ratio of 26.03 and a beta of 1.23. Robert Half Inc. has a 52-week low of $57.05 and a 52-week high of $88.39.

Robert Half (NYSE:RHI) last issued its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.44 billion. Robert Half had a net margin of 4.84% and a return on equity of 18.78%. The firm’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.90 earnings per share. On average, analysts forecast that Robert Half Inc. will post 2.45 earnings per share for the current fiscal year.

Robert Half Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, November 25th will be issued a dividend of $0.53 per share. The ex-dividend date is Monday, November 25th. This represents a $2.12 dividend on an annualized basis and a yield of 2.97%. Robert Half’s dividend payout ratio is currently 77.37%.

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.