CANADA LIFE ASSURANCE Co Increases Stock Position in Robert Half Inc. (NYSE:RHI)

CANADA LIFE ASSURANCE Co grew its holdings in shares of Robert Half Inc. (NYSE:RHI) by 1.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 213,694 shares of the business services provider’s stock after buying an additional 2,700 shares during the quarter. CANADA LIFE ASSURANCE Co owned 0.20% of Robert Half worth $16,955,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of RHI. Fidelis Capital Partners LLC bought a new position in shares of Robert Half during the first quarter worth about $26,000. Venturi Wealth Management LLC lifted its stake in shares of Robert Half by 55.0% in the 4th quarter. Venturi Wealth Management LLC now owns 420 shares of the business services provider’s stock worth $37,000 after acquiring an additional 149 shares during the period. GAMMA Investing LLC bought a new position in shares of Robert Half in the fourth quarter valued at approximately $46,000. Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of Robert Half by 72.2% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 620 shares of the business services provider’s stock valued at $55,000 after acquiring an additional 260 shares during the period. Finally, Parallel Advisors LLC raised its holdings in Robert Half by 55.7% during the fourth quarter. Parallel Advisors LLC now owns 646 shares of the business services provider’s stock worth $57,000 after purchasing an additional 231 shares in the last quarter. 92.41% of the stock is currently owned by institutional investors.

Robert Half Stock Performance

Shares of NYSE RHI traded down $4.15 during midday trading on Thursday, reaching $60.67. The company’s stock had a trading volume of 2,309,281 shares, compared to its average volume of 1,486,379. The business’s 50 day moving average price is $64.80 and its two-hundred day moving average price is $72.93. The company has a market cap of $6.37 billion, a P/E ratio of 17.97, a P/E/G ratio of 5.40 and a beta of 1.25. Robert Half Inc. has a fifty-two week low of $57.16 and a fifty-two week high of $88.39.

Robert Half (NYSE:RHI) last issued its quarterly earnings results on Wednesday, July 24th. The business services provider reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.05). Robert Half had a net margin of 5.74% and a return on equity of 22.36%. The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the previous year, the business posted $1.00 EPS. The company’s revenue for the quarter was down 10.2% on a year-over-year basis. Sell-side analysts forecast that Robert Half Inc. will post 2.92 earnings per share for the current fiscal year.

Robert Half Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 24th were paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 3.49%. The ex-dividend date was Thursday, May 23rd. Robert Half’s payout ratio is currently 63.47%.

Insider Activity at Robert Half

In other news, Director Dirk A. Kempthorne sold 2,221 shares of the firm’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 in the company, valued at $746,267.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on RHI shares. BMO Capital Markets dropped their price target on Robert Half from $72.00 to $64.00 and set a “market perform” rating on the stock in a research note on Thursday. BNP Paribas raised Robert Half from an “underperform” rating to an “outperform” rating and set a $80.00 price target on the stock in a research report on Tuesday, June 11th. Robert W. Baird cut their price target on shares of Robert Half from $84.00 to $79.00 and set an “outperform” rating for the company in a report on Friday, April 26th. JPMorgan Chase & Co. reduced their price objective on Robert Half from $74.00 to $70.00 and set a “neutral” rating on the stock in a report on Thursday. Finally, StockNews.com cut Robert Half from a “buy” rating to a “hold” rating in a report on Friday, July 5th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $66.88.

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.