Robert Half Inc. (NYSE:RHI) Shares Sold by State of Alaska Department of Revenue

Posted by Defense World Staff on Oct 17th, 2023

State of Alaska Department of Revenue trimmed its holdings in Robert Half Inc. (NYSE:RHI – Free Report) by 10.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 13,353 shares of the business services provider’s stock after selling 1,483 shares during the period. State of Alaska Department of Revenue’s holdings in Robert Half were worth $1,004,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Bank Julius Baer & Co. Ltd Zurich boosted its position in shares of Robert Half by 107,547.9% in the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 56,186,845 shares of the business services provider’s stock worth $4,226,375,000 after acquiring an additional 56,134,650 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Robert Half by 0.3% in the first quarter. Vanguard Group Inc. now owns 13,674,644 shares of the business services provider’s stock worth $1,561,370,000 after acquiring an additional 42,681 shares during the last quarter. Moneta Group Investment Advisors LLC boosted its position in shares of Robert Half by 116,277.2% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 7,941,582 shares of the business services provider’s stock worth $586,327,000 after acquiring an additional 7,934,758 shares during the last quarter. Capital World Investors acquired a new stake in shares of Robert Half in the first quarter worth approximately $636,060,000. Finally, Alliancebernstein L.P. boosted its position in shares of Robert Half by 46.5% in the fourth quarter. Alliancebernstein L.P. now owns 2,808,208 shares of the business services provider’s stock worth $207,330,000 after acquiring an additional 891,202 shares during the last quarter. 91.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. William Blair restated a “market perform” rating on shares of Robert Half in a report on Wednesday, July 26th. Credit Suisse Group cut their price target on shares of Robert Half from $63.00 to $57.00 in a report on Wednesday, July 26th. UBS Group raised their price target on shares of Robert Half from $80.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, October 12th. StockNews.com upgraded shares of Robert Half from a “hold” rating to a “buy” rating in a report on Sunday. Finally, Bank of America reduced their target price on shares of Robert Half from $63.00 to $53.00 in a research report on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $72.11.

Read Our Latest Stock Report on Robert Half

Robert Half Price Performance

RHI opened at $76.37 on Tuesday. The stock has a market capitalization of $8.18 billion, a PE ratio of 15.15 and a beta of 1.30. The firm’s fifty day moving average price is $74.48 and its 200 day moving average price is $73.79. Robert Half Inc. has a 12-month low of $64.65 and a 12-month high of $89.78.

Robert Half (NYSE:RHI – Get Free Report) last posted its quarterly earnings results on Tuesday, July 25th. The business services provider reported $1.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.13 by ($0.13). The company had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.69 billion. Robert Half had a net margin of 7.84% and a return on equity of 34.51%. The company’s revenue was down 12.0% on a year-over-year basis. During the same period in the prior year, the company earned $1.60 earnings per share. On average, equities research analysts forecast that Robert Half Inc. will post 3.72 earnings per share for the current fiscal year.

Robert Half Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, August 25th were paid a dividend of $0.48 per share. The ex-dividend date was Thursday, August 24th. This represents a $1.92 annualized dividend and a yield of 2.51%. Robert Half’s payout ratio is 38.10%.

Insider Buying and Selling at Robert Half

In other Robert Half news, EVP Robert W. Glass sold 14,751 shares of the business’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $75.15, for a total transaction of $1,108,537.65. Following the completion of the sale, the executive vice president now owns 209,927 shares in the company, valued at $15,776,014.05. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, EVP Robert W. Glass sold 14,751 shares of the company’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $75.15, for a total transaction of $1,108,537.65. Following the completion of the transaction, the executive vice president now owns 209,927 shares in the company, valued at $15,776,014.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Dirk A. Kempthorne sold 2,050 shares of the company’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $74.15, for a total transaction of $152,007.50. Following the transaction, the director now owns 12,934 shares of the company’s stock, valued at approximately $959,056.10. The disclosure for this sale can be found here. 2.70% of the stock is owned by insiders.

About Robert Half

(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 three segments: Contract Talent Solutions, Permanent Placement Talent Solutions, and Protiviti. 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.