Charles Schwab Investment Management Inc. Lowers Stock Position in Robert Half Inc. (NYSE:RHI)

Charles Schwab Investment Management Inc. lessened its stake in Robert Half Inc. (NYSE:RHI) by 0.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,621,758 shares of the business services provider’s stock after selling 12,924 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Robert Half were worth $230,505,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of RHI. Commonwealth Equity Services LLC raised its position in shares of Robert Half by 2.9% in the 3rd quarter. Commonwealth Equity Services LLC now owns 6,663 shares of the business services provider’s stock worth $488,000 after purchasing an additional 188 shares during the last quarter. IFM Investors Pty Ltd raised its position in shares of Robert Half by 14.0% in the 3rd quarter. IFM Investors Pty Ltd now owns 23,974 shares of the business services provider’s stock worth $1,757,000 after purchasing an additional 2,950 shares during the last quarter. Advisor Partners II LLC raised its position in shares of Robert Half by 37.6% in the 3rd quarter. Advisor Partners II LLC now owns 7,209 shares of the business services provider’s stock worth $528,000 after purchasing an additional 1,970 shares during the last quarter. TD Asset Management Inc increased its holdings in Robert Half by 7.7% in the 3rd quarter. TD Asset Management Inc now owns 67,666 shares of the business services provider’s stock worth $4,959,000 after buying an additional 4,821 shares in the last quarter. Finally, ING Groep NV bought a new stake in Robert Half in the 3rd quarter worth about $985,000. Hedge funds and other institutional investors own 92.41% of the company’s stock.

Robert Half Stock Up 0.2 %

Robert Half stock opened at $70.13 on Thursday. The business has a 50-day simple moving average of $75.32 and a two-hundred day simple moving average of $79.07. The company has a market cap of $7.36 billion, a P/E ratio of 21.00, a P/E/G ratio of 3.30 and a beta of 1.30. Robert Half Inc. has a 52-week low of $64.65 and a 52-week high of $88.39.

Robert Half (NYSE:RHI) last posted its quarterly earnings results on Thursday, April 25th. The business services provider reported $0.61 EPS for the quarter, beating 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 business had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same period last year, the firm earned $1.14 earnings per share. The business’s quarterly revenue was down 14.0% on a year-over-year basis. Research analysts anticipate that Robert Half Inc. will post 2.98 EPS for the current fiscal year.

Robert Half Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 24th will be issued a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 3.02%. The ex-dividend date of this dividend is Thursday, May 23rd. Robert Half’s dividend payout ratio is presently 63.47%.

Insiders Place Their Bets

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 transaction of $603,450.00. Following the sale, the executive vice president now owns 186,062 shares of the company’s stock, valued at $14,970,548.52. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 3.00% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on RHI shares. Robert W. Baird reduced their price objective on Robert Half from $84.00 to $79.00 and set an “outperform” rating for the company in a report on Friday, April 26th. StockNews.com downgraded Robert Half from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. BMO Capital Markets reduced their price objective on Robert Half from $85.00 to $80.00 and set a “market perform” rating for the company in a report on Wednesday, January 31st. Finally, Truist Financial upgraded Robert Half from a “sell” rating to a “hold” rating and set a $72.00 price objective for the company in a report on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $68.14.

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.