Silver Lake Advisory LLC Has $3.84 Million Holdings in Robert Half Inc. (NYSE:RHI)

Silver Lake Advisory LLC decreased its position in shares of Robert Half Inc. (NYSE:RHI) by 2.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 54,433 shares of the business services provider’s stock after selling 1,167 shares during the period. Robert Half accounts for 1.7% of Silver Lake Advisory LLC’s investment portfolio, making the stock its 23rd biggest holding. Silver Lake Advisory LLC’s holdings in Robert Half were worth $3,835,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of RHI. Envestnet Asset Management Inc. lifted its position in shares of Robert Half by 28.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 92,308 shares of the business services provider’s stock worth $5,906,000 after purchasing an additional 20,565 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Robert Half by 136.3% during the second quarter. Renaissance Technologies LLC now owns 88,400 shares of the business services provider’s stock worth $5,656,000 after buying an additional 50,995 shares during the last quarter. Mutual of America Capital Management LLC boosted its position in shares of Robert Half by 24.4% in the second quarter. Mutual of America Capital Management LLC now owns 16,990 shares of the business services provider’s stock valued at $1,087,000 after acquiring an additional 3,332 shares during the period. Canada Pension Plan Investment Board increased its position in Robert Half by 28.3% during the second quarter. Canada Pension Plan Investment Board now owns 43,625 shares of the business services provider’s stock worth $2,791,000 after acquiring an additional 9,625 shares during the period. Finally, Sei Investments Co. lifted its stake in shares of Robert Half by 60.8% in the second quarter. Sei Investments Co. now owns 76,670 shares of the business services provider’s stock valued at $4,906,000 after buying an additional 28,978 shares during the period. 92.41% of the stock is currently owned by institutional investors.

Insider Activity at Robert Half

In other news, Director Dirk A. Kempthorne sold 1,032 shares of the 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 sale, the director now owns 12,310 shares in the company, valued at approximately $915,248.50. This represents a 7.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.00% of the company’s stock.

Robert Half Stock Performance

Shares of NYSE:RHI opened at $70.49 on Friday. The company’s fifty day moving average is $72.09 and its 200-day moving average is $67.68. Robert Half Inc. has a 52 week low of $57.05 and a 52 week high of $83.25. The company has a market capitalization of $7.28 billion, a PE ratio of 25.73 and a beta of 1.24.

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

Robert Half Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, November 25th were issued a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 3.01%. The ex-dividend date was Monday, November 25th. Robert Half’s payout ratio is currently 77.37%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Barclays raised Robert Half from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $60.00 to $80.00 in a report on Friday, January 3rd. BNP Paribas downgraded shares of Robert Half from an “outperform” rating to an “underperform” rating and set a $64.00 price target on the stock. in a research note on Monday, December 16th. JPMorgan Chase & Co. dropped their price objective on shares of Robert Half from $70.00 to $69.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Finally, Truist Financial upgraded shares of Robert Half from a “hold” rating to a “buy” rating and lifted their target price for the company from $62.00 to $90.00 in a research report on Friday, December 13th. 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 company. Based on data from MarketBeat, Robert Half presently has a consensus rating of “Hold” and a consensus target price of $74.33.

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.