Cornerstone Capital Inc. Has $15.86 Million Stock Holdings in Robert Half Inc. (NYSE:RHI)

Cornerstone Capital Inc. lessened its stake in Robert Half Inc. (NYSE:RHI) by 2.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 180,365 shares of the business services provider’s stock after selling 3,750 shares during the quarter. Robert Half accounts for about 1.7% of Cornerstone Capital Inc.’s holdings, making the stock its 27th biggest position. Cornerstone Capital Inc. owned approximately 0.17% of Robert Half worth $15,858,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in RHI. CWM LLC increased its stake in Robert Half by 15.2% in the 3rd quarter. CWM LLC now owns 5,882 shares of the business services provider’s stock valued at $431,000 after buying an additional 774 shares during the period. IFP Advisors Inc increased its stake in Robert Half by 6.1% in the 3rd quarter. IFP Advisors Inc now owns 3,078 shares of the business services provider’s stock valued at $226,000 after buying an additional 177 shares during the period. Czech National Bank increased its stake in Robert Half by 46.7% in the 3rd quarter. Czech National Bank now owns 18,716 shares of the business services provider’s stock valued at $1,372,000 after buying an additional 5,960 shares during the period. Handelsbanken Fonder AB increased its stake in Robert Half by 54.3% in the 3rd quarter. Handelsbanken Fonder AB now owns 21,300 shares of the business services provider’s stock valued at $1,561,000 after buying an additional 7,500 shares during the period. Finally, Grimes & Company Inc. increased its stake in Robert Half by 3.4% in the 3rd quarter. Grimes & Company Inc. now owns 211,289 shares of the business services provider’s stock valued at $15,483,000 after buying an additional 6,903 shares during the period. Institutional investors and hedge funds own 92.41% of the company’s stock.

Robert Half Trading Down 1.8 %

NYSE RHI opened at $69.35 on Friday. The company has a fifty day simple moving average of $76.99 and a 200 day simple moving average of $79.41. The company has a market cap of $7.29 billion, a P/E ratio of 20.76, a P/E/G ratio of 17.24 and a beta of 1.26. Robert Half Inc. has a 1 year low of $64.65 and a 1 year high of $88.39.

Robert Half (NYSE:RHI) last posted its quarterly earnings data on Thursday, April 25th. The business services provider reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.01. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.49 billion. Robert Half had a net margin of 5.74% and a return on equity of 22.08%. Robert Half’s quarterly revenue was down 14.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.14 EPS. Equities research analysts forecast that Robert Half Inc. will post 3.3 EPS for the current fiscal year.

Robert Half Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, February 23rd were issued a dividend of $0.53 per share. This is an increase from Robert Half’s previous quarterly dividend of $0.48. This represents a $2.12 annualized dividend and a dividend yield of 3.06%. The ex-dividend date of this dividend was Thursday, February 22nd. Robert Half’s dividend payout ratio is currently 63.47%.

Insider Buying and Selling

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 completion of the sale, the executive vice president now directly owns 186,062 shares of the company’s stock, valued at approximately $14,970,548.52. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 3.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

RHI has been the topic of several research reports. Truist Financial upgraded shares of Robert Half from a “sell” rating to a “hold” rating and set a $72.00 price objective on the stock in a research note on Monday, April 22nd. BMO Capital Markets dropped 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 research note on Wednesday, January 31st. Finally, Robert W. Baird dropped their price target on shares of Robert Half from $84.00 to $79.00 and set an “outperform” rating on the stock in a research note on Friday. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $68.14.

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.