Kentucky Retirement Systems Insurance Trust Fund Sells 336 Shares of Robert Half Inc. (NYSE:RHI)

Kentucky Retirement Systems Insurance Trust Fund reduced its stake in shares of Robert Half Inc. (NYSE:RHI) by 8.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,437 shares of the business services provider’s stock after selling 336 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Robert Half were worth $272,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in RHI. Raymond James & Associates increased its stake in Robert Half by 18.4% during the fourth quarter. Raymond James & Associates now owns 131,249 shares of the business services provider’s stock worth $11,539,000 after acquiring an additional 20,359 shares during the last quarter. Quent Capital LLC grew its stake in shares of Robert Half by 9.4% during the fourth quarter. Quent Capital LLC now owns 2,273 shares of the business services provider’s stock valued at $200,000 after buying an additional 195 shares during the last quarter. Oak Thistle LLC bought a new position in shares of Robert Half during the fourth quarter valued at approximately $394,000. Venturi Wealth Management LLC grew its stake in shares of Robert Half by 55.0% during the fourth quarter. Venturi Wealth Management LLC now owns 420 shares of the business services provider’s stock valued at $37,000 after buying an additional 149 shares during the last quarter. Finally, Boston Trust Walden Corp grew its stake in shares of Robert Half by 1.4% during the fourth quarter. Boston Trust Walden Corp now owns 281,271 shares of the business services provider’s stock valued at $24,729,000 after buying an additional 3,962 shares during the last quarter. 92.41% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Robert Half news, Director Dirk A. Kempthorne sold 2,221 shares of the company’s stock in a transaction on 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 sale, the director now owns 10,713 shares in the company, valued at $746,267.58. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 3.00% of the stock is owned by company insiders.

Robert Half Stock Up 1.2 %

NYSE:RHI traded up $0.72 during midday trading on Monday, hitting $63.03. The stock had a trading volume of 633,919 shares, compared to its average volume of 1,493,049. The stock has a 50-day moving average of $64.40 and a 200 day moving average of $72.57. The company has a market capitalization of $6.61 billion, a price-to-earnings ratio of 18.87, a PEG ratio of 5.63 and a beta of 1.25. Robert Half Inc. has a one year low of $57.05 and a one year high of $88.39.

Robert Half (NYSE:RHI) last posted its earnings results on Wednesday, July 24th. The business services provider reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.05). The company had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.49 billion. Robert Half had a return on equity of 20.41% and a net margin of 5.26%. The firm’s quarterly revenue was down 10.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.00 EPS. On average, sell-side analysts anticipate that Robert Half Inc. will post 2.69 earnings per share for the current fiscal year.

Robert Half Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 24th were issued a dividend of $0.53 per share. The ex-dividend date was Thursday, May 23rd. This represents a $2.12 dividend on an annualized basis and a yield of 3.36%. Robert Half’s dividend payout ratio is currently 63.47%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on RHI shares. Robert W. Baird cut their target price on Robert Half from $84.00 to $79.00 and set an “outperform” rating on the stock in a research note on Friday, April 26th. StockNews.com cut Robert Half from a “buy” rating to a “hold” rating in a research note on Friday, July 5th. Barclays cut their target price on Robert Half from $70.00 to $60.00 and set an “underweight” rating on the stock in a research note on Friday. Truist Financial dropped their price objective on Robert Half from $72.00 to $62.00 and set a “hold” rating on the stock in a research note on Friday. Finally, JPMorgan Chase & Co. dropped their price objective on Robert Half from $74.00 to $70.00 and set a “neutral” rating on the stock in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $67.86.

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.