National Bank of Canada FI Acquires 34,639 Shares of Robert Half Inc. (NYSE:RHI)

National Bank of Canada FI increased its holdings in shares of Robert Half Inc. (NYSE:RHI) by 1,344.7% during the 3rd quarter, Holdings Channel.com reports. The fund owned 37,215 shares of the business services provider’s stock after acquiring an additional 34,639 shares during the period. National Bank of Canada FI’s holdings in Robert Half were worth $2,509,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. SYM FINANCIAL Corp grew its stake in shares of Robert Half by 7.5% in the 3rd quarter. SYM FINANCIAL Corp now owns 3,443 shares of the business services provider’s stock valued at $232,000 after purchasing an additional 241 shares during the period. Quantinno Capital Management LP boosted its stake in Robert Half by 91.1% in the 3rd quarter. Quantinno Capital Management LP now owns 59,765 shares of the business services provider’s stock valued at $4,029,000 after buying an additional 28,490 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in Robert Half in the third quarter valued at $41,096,000. Jacobs Levy Equity Management Inc. raised its stake in Robert Half by 20.1% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,343,030 shares of the business services provider’s stock worth $90,534,000 after acquiring an additional 225,210 shares in the last quarter. Finally, Janus Henderson Group PLC raised its stake in Robert Half by 828.9% during the third quarter. Janus Henderson Group PLC now owns 463,570 shares of the business services provider’s stock worth $31,249,000 after acquiring an additional 413,664 shares in the last quarter. Institutional investors own 92.41% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on RHI shares. Truist Financial raised shares of Robert Half from a “hold” rating to a “buy” rating and upped their target price for the stock from $62.00 to $90.00 in a report on Friday. JPMorgan Chase & Co. decreased their price objective on shares of Robert Half from $70.00 to $69.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $73.67.

Insider Activity

In other news, Director Dirk A. Kempthorne sold 1,032 shares of the company’s stock in a transaction 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 transaction, the director now owns 12,310 shares of the company’s stock, valued at $915,248.50. This represents a 7.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 3.00% of the company’s stock.

Robert Half Stock Up 0.8 %

Robert Half stock opened at $76.10 on Friday. The stock has a 50-day simple moving average of $71.62 and a 200 day simple moving average of $66.41. The stock has a market capitalization of $7.86 billion, a price-to-earnings ratio of 27.77 and a beta of 1.24. Robert Half Inc. has a 12-month low of $57.05 and a 12-month high of $88.39.

Robert Half (NYSE:RHI) last announced its earnings results on Tuesday, October 22nd. The business services provider reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02. Robert Half had a net margin of 4.84% and a return on equity of 18.78%. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the previous year, the firm posted $0.90 earnings per share. The company’s revenue was down 6.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Robert Half Inc. will post 2.45 EPS for the current year.

Robert Half Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, November 25th were given a $0.53 dividend. The ex-dividend date was Monday, November 25th. This represents a $2.12 dividend on an annualized basis and a yield of 2.79%. Robert Half’s payout ratio is 77.37%.

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.