Goldman Sachs Group Inc. Purchases 70,044 Shares of Robert Half Inc. (NYSE:RHI)

Goldman Sachs Group Inc. raised its position in Robert Half Inc. (NYSE:RHI) by 15.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 523,611 shares of the business services provider’s stock after purchasing an additional 70,044 shares during the period. Goldman Sachs Group Inc.’s holdings in Robert Half were worth $46,036,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Capital World Investors increased its position in shares of Robert Half by 6.7% during the fourth quarter. Capital World Investors now owns 14,574,944 shares of the business services provider’s stock worth $1,281,429,000 after acquiring an additional 917,311 shares in the last quarter. Boston Partners increased its position in shares of Robert Half by 36.5% during the fourth quarter. Boston Partners now owns 3,270,365 shares of the business services provider’s stock worth $287,265,000 after acquiring an additional 874,620 shares in the last quarter. Fiduciary Management Inc. WI increased its position in shares of Robert Half by 3.4% during the fourth quarter. Fiduciary Management Inc. WI now owns 1,944,057 shares of the business services provider’s stock worth $170,921,000 after acquiring an additional 64,114 shares in the last quarter. Northern Trust Corp increased its position in shares of Robert Half by 10.1% during the third quarter. Northern Trust Corp now owns 1,792,144 shares of the business services provider’s stock worth $131,328,000 after acquiring an additional 164,517 shares in the last quarter. Finally, Mawer Investment Management Ltd. increased its position in shares of Robert Half by 22.1% during the fourth quarter. Mawer Investment Management Ltd. now owns 1,780,150 shares of the business services provider’s stock worth $156,511,000 after acquiring an additional 322,183 shares in the last quarter. Institutional investors own 92.41% of the company’s stock.

Robert Half Price Performance

Shares of RHI stock opened at $63.70 on Friday. The stock has a market cap of $6.68 billion, a P/E ratio of 19.07, a P/E/G ratio of 5.21 and a beta of 1.25. The company has a fifty day moving average price of $67.75 and a two-hundred day moving average price of $76.57. Robert Half Inc. has a one year low of $61.07 and a one year high of $88.39.

Robert Half (NYSE:RHI) last announced its quarterly earnings results on Thursday, April 25th. The business services provider reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. The firm had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Robert Half had a net margin of 5.74% and a return on equity of 22.36%. The company’s revenue for the quarter was down 14.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.14 earnings per share. As a group, equities research analysts anticipate that Robert Half Inc. will post 2.92 EPS for the current fiscal year.

Robert Half Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 24th were paid a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date of this dividend was Thursday, May 23rd. Robert Half’s dividend payout ratio is presently 63.47%.

Analyst Upgrades and Downgrades

RHI has been the subject of several research reports. BNP Paribas raised shares of Robert Half from an “underperform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research report on Tuesday, June 11th. Truist Financial raised shares of Robert Half from a “sell” rating to a “hold” rating and set a $72.00 target price for the company in a research report on Monday, April 22nd. Robert W. Baird decreased their target price on shares of Robert Half from $84.00 to $79.00 and set an “outperform” rating for the company in a research report on Friday, April 26th. Finally, StockNews.com raised shares of Robert Half from a “hold” rating to a “buy” rating in a research report on Wednesday, May 29th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $68.71.

Insider Transactions at Robert Half

In other news, Director Dirk A. Kempthorne sold 2,221 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The shares were 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 approximately $746,267.58. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 3.00% of the stock is currently owned by corporate insiders.

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.