Ontario Teachers Pension Plan Board Has $1.85 Million Stake in Robert Half Inc. (NYSE:RHI)

Ontario Teachers Pension Plan Board decreased its position in Robert Half Inc. (NYSE:RHI) by 71.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,438 shares of the business services provider’s stock after selling 68,188 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Robert Half were worth $1,850,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC increased its position in shares of Robert Half by 35.6% in the third quarter. GAMMA Investing LLC now owns 682 shares of the business services provider’s stock valued at $46,000 after acquiring an additional 179 shares during the last quarter. BOKF NA increased its position in shares of Robert Half by 2.1% in the first quarter. BOKF NA now owns 10,383 shares of the business services provider’s stock valued at $812,000 after acquiring an additional 216 shares during the last quarter. Isthmus Partners LLC increased its position in shares of Robert Half by 3.3% in the second quarter. Isthmus Partners LLC now owns 7,079 shares of the business services provider’s stock valued at $453,000 after acquiring an additional 229 shares during the last quarter. Wahed Invest LLC increased its position in shares of Robert Half by 13.7% in the first quarter. Wahed Invest LLC now owns 1,998 shares of the business services provider’s stock valued at $158,000 after acquiring an additional 240 shares during the last quarter. Finally, Toronto Dominion Bank increased its position in shares of Robert Half by 0.4% in the first quarter. Toronto Dominion Bank now owns 60,014 shares of the business services provider’s stock valued at $4,758,000 after acquiring an additional 266 shares during the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.

Robert Half Stock Down 2.8 %

NYSE RHI opened at $71.32 on Wednesday. The company has a market capitalization of $7.36 billion, a price-to-earnings ratio of 26.03 and a beta of 1.23. Robert Half Inc. has a twelve month low of $57.05 and a twelve month high of $88.39. The stock has a fifty day simple moving average of $68.41 and a 200 day simple moving average of $65.73.

Robert Half (NYSE:RHI) last posted its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02. The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.44 billion. Robert Half had a return on equity of 18.78% and a net margin of 4.84%. Robert Half’s quarterly revenue was down 6.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.90 earnings per share. Research analysts expect that Robert Half Inc. will post 2.45 earnings per share for the current fiscal year.

Robert Half Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, November 25th will be given a dividend of $0.53 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $2.12 dividend on an annualized basis and a yield of 2.97%. Robert Half’s dividend payout ratio (DPR) is currently 77.37%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. BMO Capital Markets lowered their price target on Robert Half from $72.00 to $64.00 and set a “market perform” rating on the stock in a research report on Thursday, July 25th. JPMorgan Chase & Co. lowered their price target on Robert Half from $70.00 to $69.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Barclays lowered their price target on Robert Half from $70.00 to $60.00 and set an “underweight” rating on the stock in a research report on Friday, July 26th. Finally, Truist Financial lowered their price target on Robert Half from $72.00 to $62.00 and set a “hold” rating on the stock in a research report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $69.00.

About Robert Half

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.