IFM Investors Pty Ltd Has $2.08 Million Holdings in Robert Half Inc. (NYSE:RHI)

IFM Investors Pty Ltd grew its holdings in Robert Half Inc. (NYSE:RHI) by 10.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 26,172 shares of the business services provider’s stock after purchasing an additional 2,439 shares during the quarter. IFM Investors Pty Ltd’s holdings in Robert Half were worth $2,075,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. CWM LLC raised its position in shares of Robert Half by 15.2% in the 3rd quarter. CWM LLC now owns 5,882 shares of the business services provider’s stock valued at $431,000 after acquiring an additional 774 shares during the period. IFP Advisors Inc raised its holdings in Robert Half by 6.1% in the third quarter. IFP Advisors Inc now owns 3,078 shares of the business services provider’s stock worth $226,000 after purchasing an additional 177 shares during the period. Impact Partnership Wealth LLC bought a new position in shares of Robert Half during the third quarter worth $121,000. Czech National Bank grew its holdings in shares of Robert Half by 46.7% in the 3rd quarter. Czech National Bank now owns 18,716 shares of the business services provider’s stock valued at $1,372,000 after buying an additional 5,960 shares during the period. Finally, Handelsbanken Fonder AB increased its position in shares of Robert Half by 54.3% in the 3rd quarter. Handelsbanken Fonder AB now owns 21,300 shares of the business services provider’s stock valued at $1,561,000 after buying an additional 7,500 shares in the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.

Insider Transactions at Robert Half

In related news, EVP Robert W. Glass sold 7,500 shares of Robert Half stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $80.46, for a total value of $603,450.00. Following the sale, the executive vice president now owns 186,062 shares of the company’s stock, valued at $14,970,548.52. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 3.00% of the company’s stock.

Robert Half Stock Performance

Robert Half stock traded down $1.25 during midday trading on Friday, reaching $69.35. The stock had a trading volume of 2,130,676 shares, compared to its average volume of 999,589. The stock has a market capitalization of $7.29 billion, a P/E ratio of 20.76, a price-to-earnings-growth ratio of 17.55 and a beta of 1.26. The firm’s fifty day simple moving average is $76.99 and its 200-day simple moving average is $79.39. Robert Half Inc. has a 1-year low of $64.65 and a 1-year high of $88.39.

Robert Half (NYSE:RHI) last posted its quarterly earnings data on Thursday, April 25th. The business services provider reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.49 billion. Robert Half had a net margin of 5.74% and a return on equity of 22.08%. The firm’s revenue was down 14.0% compared to the same quarter last year. During the same period last year, the company earned $1.14 earnings per share. On average, sell-side analysts anticipate that Robert Half Inc. will post 3.35 earnings per share for the current fiscal year.

Robert Half Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, February 23rd were given a dividend of $0.53 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This is a boost from Robert Half’s previous quarterly dividend of $0.48. This represents a $2.12 annualized dividend and a yield of 3.06%. Robert Half’s payout ratio is 63.47%.

Wall Street Analyst Weigh In

RHI has been the topic of several recent analyst reports. Robert W. Baird reduced their target price on Robert Half from $84.00 to $79.00 and set an “outperform” rating on the stock in a report on Friday. 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. Finally, BMO Capital Markets dropped their target price on shares of Robert Half from $85.00 to $80.00 and set a “market perform” rating on the stock in a report on Wednesday, January 31st. One investment 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’s stock. Based on data from MarketBeat.com, Robert Half currently has a consensus rating of “Hold” and an average price target of $68.14.

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.