Ameriprise Financial Inc. Lowers Stock Holdings in Robert Half Inc. (NYSE:RHI)

Ameriprise Financial Inc. lessened its stake in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 19.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 363,693 shares of the business services provider's stock after selling 86,679 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.35% of Robert Half worth $25,626,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Exchange Traded Concepts LLC grew its holdings in Robert Half by 1.4% in the fourth quarter. Exchange Traded Concepts LLC now owns 12,326 shares of the business services provider's stock worth $868,000 after purchasing an additional 166 shares during the period. Fifth Third Wealth Advisors LLC increased its holdings in shares of Robert Half by 5.8% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 3,355 shares of the business services provider's stock valued at $236,000 after acquiring an additional 183 shares in the last quarter. Nisa Investment Advisors LLC raised its position in shares of Robert Half by 0.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 30,716 shares of the business services provider's stock worth $2,164,000 after purchasing an additional 205 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in Robert Half by 11.3% in the 4th quarter. Quadrant Capital Group LLC now owns 2,155 shares of the business services provider's stock worth $152,000 after purchasing an additional 218 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its position in Robert Half by 39.3% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 780 shares of the business services provider's stock valued at $55,000 after purchasing an additional 220 shares during the last quarter. Hedge funds and other institutional investors own 92.41% of the company's stock.

Analysts Set New Price Targets

RHI has been the topic of several analyst reports. The Goldman Sachs Group dropped their target price on shares of Robert Half from $46.00 to $40.00 and set a "sell" rating on the stock in a research note on Thursday, April 24th. BNP Paribas lowered Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 price objective for the company. in a research note on Friday, May 2nd. JPMorgan Chase & Co. decreased their price objective on shares of Robert Half from $65.00 to $47.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. Barclays dropped their target price on shares of Robert Half from $50.00 to $45.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. Finally, StockNews.com downgraded Robert Half from a "buy" rating to a "hold" rating in a research report on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Robert Half presently has a consensus rating of "Hold" and a consensus target price of $48.71.

Robert Half Price Performance

Shares of NYSE:RHI traded down $0.15 during trading on Tuesday, reaching $48.02. 28,847 shares of the company were exchanged, compared to its average volume of 1,491,767. The firm has a market capitalization of $4.91 billion, a PE ratio of 19.66 and a beta of 1.06. The business's fifty day simple moving average is $48.87 and its 200-day simple moving average is $61.27. Robert Half Inc. has a 12-month low of $40.00 and a 12-month high of $78.41.

Robert Half (NYSE:RHI - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $0.17 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.19). The firm had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.41 billion. Robert Half had a net margin of 4.34% and a return on equity of 17.20%. The business's quarterly revenue was down 8.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.61 earnings per share. On average, sell-side analysts anticipate that Robert Half Inc. will post 2.48 EPS for the current fiscal year.

Robert Half Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 23rd will be issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 4.92%. The ex-dividend date of this dividend is Friday, May 23rd. Robert Half's dividend payout ratio (DPR) is presently 118.00%.

Robert Half Company 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.