Mutual of America Capital Management LLC Sells 813 Shares of Robert Half Inc. (NYSE:RHI)

Mutual of America Capital Management LLC decreased its position in Robert Half Inc. (NYSE:RHI) by 5.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,299 shares of the business services provider’s stock after selling 813 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Robert Half were worth $1,257,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of RHI. Venturi Wealth Management LLC increased its position in 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 purchased a new stake in shares of Robert Half during the 3rd quarter valued at about $39,000. CoreFirst Bank & Trust raised its position in shares of 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 buying an additional 440 shares in the last quarter. Orion Capital Management LLC bought a new position in shares of Robert Half in the 3rd quarter valued at about $43,000. Finally, Planned Solutions Inc. purchased a new position in Robert Half in the fourth quarter worth about $59,000. 92.41% of the stock is owned by hedge funds and other institutional investors.

Robert Half Stock Performance

Shares of RHI stock opened at $71.50 on Tuesday. The stock has a 50 day moving average price of $78.01 and a 200 day moving average price of $79.59. The firm has a market capitalization of $7.52 billion, a P/E ratio of 18.48, a P/E/G ratio of 17.51 and a beta of 1.26. Robert Half Inc. has a 52-week low of $64.65 and a 52-week high of $88.39.

Robert Half (NYSE:RHI) last issued its earnings results on Tuesday, January 30th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.01. The firm 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 business’s revenue was down 14.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.37 earnings per share. As a group, sell-side analysts forecast that Robert Half Inc. will post 3.34 EPS for the current year.

Robert Half Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, February 23rd were issued a dividend of $0.53 per share. This is an increase from Robert Half’s previous quarterly dividend of $0.48. This represents a $2.12 annualized dividend and a yield of 2.97%. The ex-dividend date of this dividend was Thursday, February 22nd. Robert Half’s dividend payout ratio (DPR) is presently 54.78%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on RHI shares. Truist Financial raised Robert Half from a “sell” rating to a “hold” rating and set a $72.00 price objective for the company in a research note on Monday. BMO Capital Markets cut their price objective 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. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $68.57.

Insider Buying and Selling at Robert Half

In other news, EVP Robert W. Glass sold 7,500 shares of the firm’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $80.46, for a total transaction of $603,450.00. Following the transaction, the executive vice president now owns 186,062 shares in the company, valued at $14,970,548.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 3.00% of the stock is currently owned by corporate 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.