AQR Capital Management LLC Sells 136,816 Shares of Robert Half Inc. (NYSE:RHI)

AQR Capital Management LLC reduced its position in Robert Half Inc. (NYSE:RHI - Free Report) by 7.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,677,856 shares of the business services provider's stock after selling 136,816 shares during the period. AQR Capital Management LLC owned approximately 1.63% of Robert Half worth $118,222,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Robert Half by 613.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 364 shares of the business services provider's stock valued at $25,000 after buying an additional 313 shares during the last quarter. Headlands Technologies LLC bought a new position in Robert Half in the 4th quarter valued at about $26,000. Signaturefd LLC increased its holdings in Robert Half by 121.3% during the 4th quarter. Signaturefd LLC now owns 436 shares of the business services provider's stock worth $31,000 after purchasing an additional 239 shares in the last quarter. Eastern Bank bought a new stake in Robert Half during the 4th quarter worth approximately $35,000. Finally, GeoWealth Management LLC purchased a new stake in shares of Robert Half in the fourth quarter worth approximately $35,000. Institutional investors and hedge funds own 92.41% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on RHI. StockNews.com downgraded Robert Half from a "buy" rating to a "hold" rating in a report on Tuesday, April 15th. BNP Paribas Exane downgraded 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. Barclays decreased their target price on Robert Half from $50.00 to $45.00 and set an "equal weight" rating for the company in a research report on Thursday, April 24th. BNP Paribas downgraded shares of Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 price target on the stock. in a report on Friday. Finally, The Goldman Sachs Group decreased their price objective on shares of Robert Half from $46.00 to $40.00 and set a "sell" rating for the company in a report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $48.71.

Robert Half Stock Performance

NYSE RHI traded down $0.39 during trading on Monday, hitting $45.02. 135,903 shares of the company's stock traded hands, compared to its average volume of 1,486,331. The stock has a market capitalization of $4.59 billion, a price-to-earnings ratio of 18.44 and a beta of 1.06. The business has a 50 day moving average of $51.03 and a 200-day moving average of $62.93. 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 data 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 business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.41 billion. Robert Half had a return on equity of 17.20% and a net margin of 4.34%. The firm's quarterly revenue was down 8.4% on a year-over-year basis. During the same period last year, the business posted $0.61 earnings per share. On average, analysts expect that Robert Half Inc. will post 2.48 EPS for the current year.

Robert Half Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 23rd will be paid a $0.59 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $2.36 annualized dividend and a yield of 5.24%. Robert Half's dividend payout ratio is currently 118.00%.

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.