Robert Half Inc. (NYSE:RHI) Shares Bought by Desjardins Global Asset Management Inc.

Desjardins Global Asset Management Inc. boosted its stake in shares of Robert Half Inc. (NYSE:RHI) by 65.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 5,237 shares of the business services provider’s stock after purchasing an additional 2,074 shares during the quarter. Desjardins Global Asset Management Inc.’s holdings in Robert Half were worth $460,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in RHI. Mackenzie Financial Corp grew its position in shares of Robert Half by 34.0% in the fourth quarter. Mackenzie Financial Corp now owns 53,265 shares of the business services provider’s stock valued at $4,683,000 after purchasing an additional 13,503 shares during the last quarter. Louisiana State Employees Retirement System acquired a new stake in shares of Robert Half in the fourth quarter valued at approximately $563,000. WCM Investment Management LLC acquired a new stake in shares of Robert Half in the fourth quarter valued at approximately $210,000. Cerity Partners LLC grew its position in shares of Robert Half by 306.5% in the fourth quarter. Cerity Partners LLC now owns 15,324 shares of the business services provider’s stock valued at $1,347,000 after purchasing an additional 11,554 shares during the last quarter. Finally, Confluence Wealth Services Inc. acquired a new stake in shares of Robert Half in the fourth quarter valued at approximately $223,000. 92.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on RHI shares. BMO Capital Markets lowered their price target on shares of Robert Half from $85.00 to $80.00 and set a “market perform” rating on the stock in a research report on Wednesday, January 31st. Truist Financial increased their price target on Robert Half from $66.00 to $72.00 and gave the stock a “sell” rating in a research note on Thursday, January 25th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $68.57.

Insider Activity

In other news, EVP Robert W. Glass sold 7,500 shares of the firm’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $80.46, for a total transaction of $603,450.00. Following the completion of the sale, the executive vice president now directly owns 186,062 shares in the company, valued at $14,970,548.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.80% of the company’s stock.

Robert Half Trading Down 2.0 %

Shares of RHI opened at $69.31 on Thursday. The firm has a market capitalization of $7.29 billion, a P/E ratio of 17.91, a price-to-earnings-growth ratio of 17.59 and a beta of 1.26. The stock’s fifty day simple moving average is $78.45 and its 200 day simple moving average is $79.59. Robert Half Inc. has a twelve month low of $64.65 and a twelve month high of $88.39.

Robert Half (NYSE:RHI) last released its quarterly earnings data on Tuesday, January 30th. The business services provider reported $0.83 EPS for the quarter, beating the consensus estimate of $0.82 by $0.01. The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.47 billion. Robert Half had a return on equity of 25.73% and a net margin of 6.43%. The firm’s revenue was down 14.7% compared to the same quarter last year. During the same period last year, the company posted $1.37 earnings per share. Sell-side analysts predict that Robert Half Inc. will post 3.34 earnings per share for the current year.

Robert Half Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, February 23rd were paid a dividend of $0.53 per share. The ex-dividend date was Thursday, February 22nd. This is an increase from Robert Half’s previous quarterly dividend of $0.48. This represents a $2.12 annualized dividend and a dividend yield of 3.06%. Robert Half’s dividend payout ratio (DPR) is currently 54.78%.

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.