Robert Half Inc. (NYSE:RHI) Shares Sold by Edgestream Partners L.P.

Edgestream Partners L.P. decreased its position in Robert Half Inc. (NYSE:RHI) by 30.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,993 shares of the business services provider’s stock after selling 12,401 shares during the period. Edgestream Partners L.P.’s holdings in Robert Half were worth $2,299,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Nordea Investment Management AB raised its stake in shares of Robert Half by 68.1% during the 4th quarter. Nordea Investment Management AB now owns 46,632 shares of the business services provider’s stock worth $4,092,000 after buying an additional 18,892 shares in the last quarter. SG Americas Securities LLC raised its position in Robert Half by 237.3% in the fourth quarter. SG Americas Securities LLC now owns 35,300 shares of the business services provider’s stock worth $3,104,000 after acquiring an additional 24,836 shares in the last quarter. Raymond James & Associates lifted its holdings in Robert Half by 18.4% in the fourth quarter. Raymond James & Associates now owns 131,249 shares of the business services provider’s stock valued at $11,539,000 after acquiring an additional 20,359 shares during the period. Pacer Advisors Inc. boosted its position in shares of Robert Half by 5.4% during the 4th quarter. Pacer Advisors Inc. now owns 795,356 shares of the business services provider’s stock worth $69,928,000 after purchasing an additional 40,643 shares in the last quarter. Finally, Tributary Capital Management LLC boosted its position in shares of Robert Half by 1.9% during the 4th quarter. Tributary Capital Management LLC now owns 9,263 shares of the business services provider’s stock worth $814,000 after purchasing an additional 176 shares in the last quarter. 92.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on RHI. StockNews.com downgraded shares of Robert Half from a “buy” rating to a “hold” rating in a research report on Friday, July 5th. Robert W. Baird reduced their price objective on Robert Half from $84.00 to $79.00 and set an “outperform” rating for the company in a report on Friday, April 26th. BNP Paribas raised Robert Half from an “underperform” rating to an “outperform” rating and set a $80.00 target price on the stock in a report on Tuesday, June 11th. Finally, Truist Financial raised Robert Half from a “sell” rating to a “hold” rating and set a $72.00 price target for the company in a research note on Monday, April 22nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $68.71.

Insiders Place Their Bets

In other Robert Half news, Director Dirk A. Kempthorne sold 2,221 shares of the 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 owns 10,713 shares of the company’s stock, valued at approximately $746,267.58. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 3.00% of the stock is owned by corporate insiders.

Robert Half Trading Down 0.5 %

Shares of NYSE:RHI traded down $0.30 on Tuesday, hitting $65.64. The company had a trading volume of 164,371 shares, compared to its average volume of 1,475,509. The company has a market cap of $6.89 billion, a PE ratio of 19.74, a PEG ratio of 5.48 and a beta of 1.25. Robert Half Inc. has a 52-week low of $60.66 and a 52-week high of $88.39. The business has a 50 day moving average of $65.05 and a 200 day moving average of $73.11.

Robert Half (NYSE:RHI) last announced its 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. Robert Half had a net margin of 5.74% and a return on equity of 22.36%. The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the previous year, the company posted $1.14 EPS. The firm’s revenue for the quarter was down 14.0% on a year-over-year basis. As a group, equities analysts predict that Robert Half Inc. will post 2.92 EPS for the current year.

Robert Half Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 24th were given a dividend of $0.53 per share. The ex-dividend date of this dividend was Thursday, May 23rd. This represents a $2.12 dividend on an annualized basis and a yield of 3.23%. Robert Half’s dividend payout ratio (DPR) is currently 63.47%.

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.