abrdn plc Grows Stock Position in Robert Half Inc. (NYSE:RHI)

abrdn plc lifted its stake in Robert Half Inc. (NYSE:RHI) by 14.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 318,522 shares of the business services provider’s stock after buying an additional 40,568 shares during the period. abrdn plc’s holdings in Robert Half were worth $28,004,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Venturi Wealth Management LLC grew its stake in shares of Robert Half by 55.0% in the fourth quarter. Venturi Wealth Management LLC now owns 420 shares of the business services provider’s stock worth $37,000 after purchasing an additional 149 shares during the last quarter. Larson Financial Group LLC bought a new stake in Robert Half during the 3rd quarter valued at approximately $39,000. CoreFirst Bank & Trust boosted its position in Robert Half by 440.0% during the 3rd quarter. CoreFirst Bank & Trust now owns 540 shares of the business services provider’s stock valued at $40,000 after acquiring an additional 440 shares in the last quarter. Orion Capital Management LLC bought a new stake in Robert Half during the 3rd quarter valued at approximately $43,000. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its position in Robert Half by 72.2% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 620 shares of the business services provider’s stock valued at $55,000 after acquiring an additional 260 shares in the last quarter. Hedge funds and other institutional investors own 92.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on RHI shares. Truist Financial raised Robert Half from a “sell” rating to a “hold” rating and set a $72.00 price target on the stock in a research report on Monday. BMO Capital Markets dropped their price target on 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. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Robert Half currently has a consensus rating of “Hold” and a consensus target price of $68.57.

Robert Half Trading Up 1.8 %

Shares of RHI opened at $71.50 on Tuesday. The firm has a market cap of $7.52 billion, a PE ratio of 18.48, a P/E/G ratio of 17.51 and a beta of 1.26. The firm has a fifty day simple moving average of $78.01 and a two-hundred day simple moving average of $79.59. Robert Half Inc. has a 1-year low of $64.65 and a 1-year high of $88.39.

Robert Half (NYSE:RHI) last announced its earnings results on Tuesday, January 30th. The business services provider reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.01. The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.47 billion. Robert Half had a net margin of 6.43% and a return on equity of 25.73%. The company’s quarterly revenue was down 14.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.37 EPS. As a group, research analysts forecast that Robert Half Inc. will post 3.34 EPS for the current fiscal year.

Robert Half Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, February 23rd were paid a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 2.97%. This is a positive change from Robert Half’s previous quarterly dividend of $0.48. The ex-dividend date was Thursday, February 22nd. Robert Half’s dividend payout ratio is 54.78%.

Insider Transactions at Robert Half

In related news, EVP Robert W. Glass sold 7,500 shares of the company’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $80.46, for a total value of $603,450.00. Following the completion of the transaction, the executive vice president now owns 186,062 shares of the company’s stock, valued at approximately $14,970,548.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 3.00% of the stock is currently owned by company insiders.

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.