AQR Capital Management LLC Trims Stock Holdings in Robert Half Inc. (NYSE:RHI)

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

Other institutional investors also recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Robert Half by 613.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 364 shares of the business services provider's stock worth $25,000 after purchasing an additional 313 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of Robert Half in the fourth quarter valued at approximately $26,000. Signaturefd LLC lifted its stake in shares of Robert Half by 121.3% during the fourth quarter. Signaturefd LLC now owns 436 shares of the business services provider's stock valued at $31,000 after buying an additional 239 shares during the period. GeoWealth Management LLC acquired a new stake in Robert Half during the fourth quarter worth approximately $35,000. Finally, Eastern Bank purchased a new stake in Robert Half in the 4th quarter worth approximately $35,000. 92.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on RHI. The Goldman Sachs Group decreased their price objective on Robert Half from $46.00 to $40.00 and set a "sell" rating on the stock in a report on Thursday, April 24th. JPMorgan Chase & Co. lowered their price target on Robert Half from $65.00 to $47.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. BNP Paribas Exane lowered shares of Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 price objective on the stock. in a report on Friday. StockNews.com lowered shares of Robert Half from a "buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Finally, Truist Financial set a $55.00 price target on shares of Robert Half and gave the company a "buy" rating in a report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $48.71.

Robert Half Stock Performance

Robert Half stock traded up $0.99 during trading on Friday, reaching $45.45. 1,065,701 shares of the company's stock were exchanged, compared to its average volume of 1,488,964. Robert Half Inc. has a 52-week low of $40.00 and a 52-week high of $78.41. The firm has a market cap of $4.64 billion, a price-to-earnings ratio of 18.63 and a beta of 1.06. The company's 50-day moving average is $51.03 and its two-hundred day moving average is $63.00.

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

Robert Half Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 23rd will be given a dividend of $0.59 per share. The ex-dividend date is Friday, May 23rd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 5.19%. Robert Half's payout ratio is currently 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.