Robert Half Inc. (NYSE:RHI) Shares Acquired by Cardinal Capital Management

Cardinal Capital Management increased its stake in Robert Half Inc. (NYSE:RHI) by 17.2% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 32,552 shares of the business services provider’s stock after acquiring an additional 4,787 shares during the quarter. Cardinal Capital Management’s holdings in Robert Half were worth $2,581,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Capital World Investors grew its holdings in shares of Robert Half by 6.7% during the fourth quarter. Capital World Investors now owns 14,574,944 shares of the business services provider’s stock valued at $1,281,429,000 after buying an additional 917,311 shares in the last quarter. Boston Partners grew its holdings in shares of Robert Half by 36.5% during the fourth quarter. Boston Partners now owns 3,270,365 shares of the business services provider’s stock valued at $287,265,000 after buying an additional 874,620 shares in the last quarter. Norges Bank purchased a new position in shares of Robert Half during the fourth quarter valued at $73,311,000. Mawer Investment Management Ltd. grew its holdings in shares of Robert Half by 22.1% during the fourth quarter. Mawer Investment Management Ltd. now owns 1,780,150 shares of the business services provider’s stock valued at $156,511,000 after buying an additional 322,183 shares in the last quarter. Finally, Pzena Investment Management LLC purchased a new position in shares of Robert Half during the fourth quarter valued at $26,419,000. 92.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Dirk A. Kempthorne sold 2,221 shares of the business’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $69.66, for a total transaction of $154,714.86. Following the completion of the transaction, the director now owns 10,713 shares of the company’s stock, valued at approximately $746,267.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.00% of the stock is owned by insiders.

Robert Half Stock Up 0.6 %

Shares of NYSE:RHI traded up $0.35 on Thursday, reaching $63.48. The company had a trading volume of 1,719,055 shares, compared to its average volume of 1,518,401. Robert Half Inc. has a twelve month low of $61.07 and a twelve month high of $88.39. The stock has a 50-day moving average price of $67.25 and a 200 day moving average price of $76.00. The stock has a market capitalization of $6.66 billion, a P/E ratio of 18.90, a P/E/G ratio of 5.26 and a beta of 1.25.

Robert Half (NYSE:RHI) last announced its quarterly earnings results on Thursday, April 25th. The business services provider reported $0.61 earnings per share 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 during the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter in the previous year, the firm earned $1.14 earnings per share. The business’s quarterly revenue was down 14.0% compared to the same quarter last year. On average, sell-side analysts predict that Robert Half Inc. will post 2.92 earnings per share for the current fiscal year.

Robert Half Announces Dividend

The firm also recently disclosed 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 annualized dividend and a dividend yield of 3.34%. Robert Half’s dividend payout ratio is presently 63.47%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on RHI shares. StockNews.com downgraded Robert Half from a “buy” rating to a “hold” rating in a report on Monday. Robert W. Baird lowered their target price 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. BNP Paribas upgraded Robert Half from an “underperform” rating to an “outperform” rating and set a $80.00 target price on the stock in a research note on Tuesday, June 11th. Finally, Truist Financial upgraded Robert Half from a “sell” rating to a “hold” rating and set a $72.00 target price on the stock in a research note on Monday, April 22nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Robert Half has a consensus rating of “Hold” and a consensus target price of $68.71.

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.