Daiwa Securities Group Inc. Increases Position in Robert Half Inc. (NYSE:RHI)

Daiwa Securities Group Inc. boosted its holdings in shares of Robert Half Inc. (NYSE:RHI) by 11.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,539 shares of the business services provider’s stock after acquiring an additional 1,093 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Robert Half were worth $836,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of RHI. Fidelis Capital Partners LLC bought a new stake in shares of Robert Half during the first quarter worth $26,000. Venturi Wealth Management LLC lifted its holdings in Robert Half by 55.0% during the 4th 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 in the last quarter. CoreFirst Bank & Trust grew its stake in Robert Half by 440.0% in the 3rd quarter. CoreFirst Bank & Trust now owns 540 shares of the business services provider’s stock worth $40,000 after acquiring an additional 440 shares in the last quarter. GAMMA Investing LLC bought a new position in Robert Half in the 4th quarter worth about $46,000. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its position 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 worth $55,000 after acquiring an additional 260 shares during the period. Institutional investors own 92.41% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on RHI shares. BNP Paribas raised Robert Half from an “underperform” rating to an “outperform” rating and set a $80.00 price objective on the stock in a research note on Tuesday, June 11th. Truist Financial upgraded Robert Half from a “sell” rating to a “hold” rating and set a $72.00 target price for the company in a report on Monday, April 22nd. StockNews.com lowered Robert Half from a “buy” rating to a “hold” rating in a research report on Friday, July 5th. Finally, Robert W. Baird dropped their price objective on Robert Half from $84.00 to $79.00 and set an “outperform” rating on the stock in a research report on Friday, April 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Robert Half presently has an average rating of “Hold” and an average target price of $68.71.

Insider Buying and Selling

In other news, Director Dirk A. Kempthorne sold 2,221 shares of the company’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $69.66, for a total value of $154,714.86. Following the sale, the director now directly owns 10,713 shares of the company’s stock, valued at approximately $746,267.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.00% of the stock is owned by corporate insiders.

Robert Half Price Performance

Shares of RHI stock opened at $61.29 on Thursday. The company has a market cap of $6.43 billion, a price-to-earnings ratio of 18.35, a price-to-earnings-growth ratio of 5.25 and a beta of 1.25. Robert Half Inc. has a 1-year low of $60.66 and a 1-year high of $88.39. The stock’s fifty day moving average price is $65.84 and its 200 day moving average price is $74.40.

Robert Half (NYSE:RHI) last posted its quarterly earnings data on Thursday, April 25th. The business services provider reported $0.61 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 22.36%. The business’s revenue for the quarter was down 14.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.14 earnings per share. As a group, equities research analysts anticipate that Robert Half Inc. will post 2.92 earnings per share for the current year.

Robert Half Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 24th were issued a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date was Thursday, May 23rd. Robert Half’s dividend payout ratio (DPR) is 63.47%.

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.