Stifel Financial Corp Has $2.97 Million Stock Holdings in Robert Half Inc. (NYSE:RHI)

Stifel Financial Corp lowered its stake in Robert Half Inc. (NYSE:RHI) by 3.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 44,073 shares of the business services provider’s stock after selling 1,393 shares during the quarter. Stifel Financial Corp’s holdings in Robert Half were worth $2,971,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in RHI. Mawer Investment Management Ltd. lifted its stake in Robert Half by 28.9% in the third quarter. Mawer Investment Management Ltd. now owns 4,681,340 shares of the business services provider’s stock valued at $315,569,000 after buying an additional 1,049,005 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Robert Half by 5.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,285,008 shares of the business services provider’s stock valued at $221,442,000 after acquiring an additional 159,750 shares during the period. Pacer Advisors Inc. boosted its stake in Robert Half by 54.7% during the 2nd quarter. Pacer Advisors Inc. now owns 1,628,919 shares of the business services provider’s stock worth $104,218,000 after acquiring an additional 575,879 shares during the last quarter. AQR Capital Management LLC grew its holdings in Robert Half by 101.0% during the second quarter. AQR Capital Management LLC now owns 1,564,247 shares of the business services provider’s stock valued at $99,439,000 after purchasing an additional 786,031 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Robert Half by 17.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,542,502 shares of the business services provider’s stock valued at $98,687,000 after purchasing an additional 231,129 shares in the last quarter. 92.41% of the stock is currently owned by institutional investors.

Robert Half Price Performance

Shares of Robert Half stock opened at $74.15 on Wednesday. The firm has a market cap of $7.66 billion, a price-to-earnings ratio of 27.18 and a beta of 1.24. Robert Half Inc. has a one year low of $57.05 and a one year high of $88.39. The stock’s 50-day moving average is $71.79 and its 200-day moving average is $66.50.

Robert Half (NYSE:RHI) last released its earnings results on Tuesday, October 22nd. The business services provider reported $0.64 EPS for the quarter, beating the consensus estimate of $0.62 by $0.02. Robert Half had a return on equity of 18.78% and a net margin of 4.84%. The firm had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter in the previous year, the business posted $0.90 EPS. The business’s quarterly revenue was down 6.3% compared to the same quarter last year. On average, equities analysts expect that Robert Half Inc. will post 2.45 EPS for the current year.

Robert Half Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, November 25th were given a dividend of $0.53 per share. The ex-dividend date was Monday, November 25th. This represents a $2.12 annualized dividend and a yield of 2.86%. Robert Half’s dividend payout ratio (DPR) is presently 77.37%.

Insiders Place Their Bets

In other news, Director Dirk A. Kempthorne sold 1,032 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $74.35, for a total transaction of $76,729.20. Following the sale, the director now owns 12,310 shares in the company, valued at $915,248.50. This represents a 7.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 3.00% of the company’s stock.

Wall Street Analysts Forecast Growth

RHI has been the subject of several research analyst reports. JPMorgan Chase & Co. decreased their price target on shares of Robert Half from $70.00 to $69.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. BNP Paribas cut Robert Half from an “outperform” rating to an “underperform” rating and set a $64.00 target price for the company. in a research note on Monday. Finally, Truist Financial raised Robert Half from a “hold” rating to a “buy” rating and raised their price target for the stock from $62.00 to $90.00 in a research report on Friday, December 13th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $71.00.

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.