Chevy Chase Trust Holdings LLC Sells 1,495 Shares of Robert Half Inc. (NYSE:RHI)

Chevy Chase Trust Holdings LLC lessened its stake in shares of Robert Half Inc. (NYSE:RHI) by 2.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,661 shares of the business services provider’s stock after selling 1,495 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Robert Half were worth $4,571,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Capital World Investors lifted its position in shares of Robert Half by 6.7% during the 4th quarter. Capital World Investors now owns 14,574,944 shares of the business services provider’s stock worth $1,281,429,000 after buying an additional 917,311 shares during the period. Boston Partners increased its holdings in Robert Half by 36.5% during the 4th quarter. Boston Partners now owns 3,270,365 shares of the business services provider’s stock valued at $287,265,000 after purchasing an additional 874,620 shares in the last quarter. Fiduciary Management Inc. WI increased its holdings in Robert Half by 3.4% during the 4th quarter. Fiduciary Management Inc. WI now owns 1,944,057 shares of the business services provider’s stock valued at $170,921,000 after purchasing an additional 64,114 shares in the last quarter. Mawer Investment Management Ltd. increased its holdings in Robert Half by 22.1% during the 4th quarter. Mawer Investment Management Ltd. now owns 1,780,150 shares of the business services provider’s stock valued at $156,511,000 after purchasing an additional 322,183 shares in the last quarter. Finally, Wellington Management Group LLP increased its holdings in Robert Half by 2.3% during the 3rd quarter. Wellington Management Group LLP now owns 1,050,091 shares of the business services provider’s stock valued at $76,951,000 after purchasing an additional 23,377 shares in the last quarter. Institutional investors own 92.41% of the company’s stock.

Robert Half Stock Performance

NYSE:RHI traded up $1.11 on Thursday, reaching $62.42. The company’s stock had a trading volume of 82,311 shares, compared to its average volume of 1,493,255. Robert Half Inc. has a 1-year low of $60.66 and a 1-year high of $88.39. The firm has a market cap of $6.55 billion, a PE ratio of 18.35, a PEG ratio of 5.25 and a beta of 1.25. The business’s 50-day moving average price is $65.84 and its two-hundred day moving average price is $74.40.

Robert Half (NYSE:RHI) 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. Robert Half had a return on equity of 22.36% and a net margin of 5.74%. The firm had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same period in the previous year, the firm earned $1.14 earnings per share. The company’s revenue was down 14.0% on a year-over-year basis. As a group, sell-side analysts expect that Robert Half Inc. will post 2.92 EPS for the current year.

Robert Half Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 24th were given a dividend of $0.53 per share. The ex-dividend date of this dividend was Thursday, May 23rd. This represents a $2.12 annualized dividend and a dividend yield of 3.40%. Robert Half’s dividend payout ratio is currently 63.47%.

Analyst Upgrades and Downgrades

RHI has been the subject of a number of recent analyst reports. BNP Paribas raised Robert Half from an “underperform” rating to an “outperform” rating and set a $80.00 price target for the company in a report on Tuesday, June 11th. Robert W. Baird decreased their price objective on Robert Half from $84.00 to $79.00 and set an “outperform” rating for the company in a research note on Friday, April 26th. StockNews.com downgraded Robert Half from a “buy” rating to a “hold” rating in a report on Friday, July 5th. 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 analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $68.71.

Insider Transactions at Robert Half

In other news, Director Dirk A. Kempthorne sold 2,221 shares of the company’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $69.66, for a total transaction of $154,714.86. Following the completion of the transaction, the director now directly owns 10,713 shares of the company’s stock, valued at $746,267.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 3.00% of the stock is owned by insiders.

Robert Half Company 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.