Robert Half Inc. (NYSE:RHI) Shares Sold by First Horizon Advisors Inc.

First Horizon Advisors Inc. trimmed its position in shares of Robert Half Inc. (NYSE:RHI) by 9.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,675 shares of the business services provider’s stock after selling 264 shares during the period. First Horizon Advisors Inc.’s holdings in Robert Half were worth $235,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Venturi Wealth Management LLC boosted its position in shares of 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 during the period. GAMMA Investing LLC acquired a new position in Robert Half during the 4th quarter worth $46,000. Larson Financial Group LLC bought a new position in shares of Robert Half in the third quarter worth $39,000. CoreFirst Bank & Trust increased its holdings 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. Finally, Orion Capital Management LLC bought a new stake in shares of Robert Half during the third quarter valued at about $43,000. Institutional investors own 92.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on RHI. Robert W. Baird decreased their target price on shares of Robert Half from $84.00 to $79.00 and set an “outperform” rating for the company in a research report on Friday, April 26th. BMO Capital Markets lowered 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 note on Wednesday, January 31st. StockNews.com cut Robert Half from a “buy” rating to a “hold” rating in a report on Friday. Finally, Truist Financial raised Robert Half from a “sell” rating to a “hold” rating and set a $72.00 price target for the company in a research note on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $68.14.

Robert Half Trading Up 0.8 %

NYSE RHI opened at $70.16 on Monday. The company has a 50 day moving average of $75.95 and a 200-day moving average of $79.19. The firm has a market cap of $7.38 billion, a price-to-earnings ratio of 21.01, a PEG ratio of 3.30 and a beta of 1.30. 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 quarterly earnings data 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 firm had revenue of $1.48 billion for 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%. The business’s revenue for the quarter was down 14.0% on a year-over-year basis. During the same period last year, the firm earned $1.14 earnings per share. On average, analysts forecast that Robert Half Inc. will post 2.98 earnings per share for the current year.

Robert Half Announces Dividend

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

Insider Buying and Selling at Robert Half

In related news, EVP Robert W. Glass sold 7,500 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $80.46, for a total value of $603,450.00. Following the sale, the executive vice president now owns 186,062 shares in the company, valued at approximately $14,970,548.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.00% of the company’s stock.

Robert Half 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.