Mitsubishi UFJ Asset Management Co. Ltd. Sells 217 Shares of Robert Half Inc. (NYSE:RHI)

Mitsubishi UFJ Asset Management Co. Ltd. decreased its stake in shares of Robert Half Inc. (NYSE:RHIFree Report) by 0.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 111,232 shares of the business services provider’s stock after selling 217 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Robert Half were worth $9,337,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Venturi Wealth Management LLC grew its position in Robert Half by 55.0% during the fourth quarter. Venturi Wealth Management LLC now owns 420 shares of the business services provider’s stock worth $37,000 after buying an additional 149 shares in the last quarter. Larson Financial Group LLC acquired a new stake in shares of Robert Half during the 3rd quarter worth approximately $39,000. CoreFirst Bank & Trust increased its position in shares of Robert Half by 440.0% during the third quarter. CoreFirst Bank & Trust now owns 540 shares of the business services provider’s stock valued at $40,000 after purchasing an additional 440 shares during the period. Orion Capital Management LLC acquired a new position in shares of Robert Half in the third quarter valued at $43,000. Finally, GAMMA Investing LLC bought a new position in Robert Half in the fourth quarter worth $46,000. Institutional investors and hedge funds own 92.41% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. 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 report on Wednesday, January 31st. Truist Financial raised shares of 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. Robert W. Baird cut their price target on shares of Robert Half from $84.00 to $79.00 and set an “outperform” rating for the company in a research note on Friday, April 26th. Finally, StockNews.com upgraded Robert Half from a “hold” rating to a “buy” rating in a research note on Monday, May 13th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $68.14.

Check Out Our Latest Stock Report on Robert Half

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 completion of the transaction, the executive vice president now directly 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 Securities & Exchange Commission, which is accessible through this link. In other Robert Half news, EVP Robert W. Glass sold 7,500 shares of the business’s stock in a transaction dated 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 directly owns 186,062 shares of the company’s stock, valued at $14,970,548.52. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Dirk A. Kempthorne sold 2,221 shares of the stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $69.66, for a total transaction of $154,714.86. Following the sale, the director now directly owns 10,713 shares in the company, valued at $746,267.58. The disclosure for this sale can be found here. Company insiders own 3.00% of the company’s stock.

Robert Half Stock Down 0.9 %

Shares of RHI stock opened at $70.87 on Friday. The company has a market capitalization of $7.44 billion, a P/E ratio of 21.22, a P/E/G ratio of 3.33 and a beta of 1.30. Robert Half Inc. has a 12-month low of $64.65 and a 12-month high of $88.39. The firm has a 50-day moving average price of $74.00 and a 200 day moving average price of $78.95.

Robert Half (NYSE:RHIGet Free Report) last posted its earnings results 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 during the quarter, compared to analysts’ expectations of $1.49 billion. Robert Half had a net margin of 5.74% and a return on equity of 22.36%. Robert Half’s quarterly revenue was down 14.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.14 earnings per share. As a group, research analysts expect that Robert Half Inc. will post 2.92 earnings per share for the current year.

Robert Half Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 24th will be paid a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date is Thursday, May 23rd. Robert Half’s dividend payout ratio is currently 63.47%.

Robert Half Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding RHI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Robert Half Inc. (NYSE:RHIFree Report).

Institutional Ownership by Quarter for Robert Half (NYSE:RHI)

Receive News & Ratings for Robert Half Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Robert Half and related companies with MarketBeat.com's FREE daily email newsletter.