Balyasny Asset Management L.P. Has $48.86 Million Stake in Robert Half Inc. (NYSE:RHI)

Balyasny Asset Management L.P. lifted its stake in Robert Half Inc. (NYSE:RHI - Free Report) by 5,172.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 693,394 shares of the business services provider's stock after acquiring an additional 680,242 shares during the quarter. Balyasny Asset Management L.P. owned 0.67% of Robert Half worth $48,857,000 as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analyst Weigh In

Several equities analysts have issued reports on RHI shares. BNP Paribas lowered 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, May 2nd. BNP Paribas Exane cut shares of Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 price target on the stock. in a research note on Friday, May 2nd. JPMorgan Chase & Co. lowered their price objective on Robert Half from $65.00 to $47.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Truist Financial set a $55.00 price objective on Robert Half and gave the stock a "buy" rating in a research report on Thursday, April 24th. Finally, 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 report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $48.71.

Robert Half Stock Performance

Shares of NYSE RHI traded down $0.56 during mid-day trading on Friday, reaching $44.77. The company had a trading volume of 729,717 shares, compared to its average volume of 1,495,663. The stock has a market capitalization of $4.57 billion, a PE ratio of 18.35 and a beta of 1.06. The stock's 50 day moving average is $49.68 and its 200-day moving average is $62.19. Robert Half Inc. has a twelve month low of $40.00 and a twelve month high of $78.41.

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

Robert Half Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 23rd will be paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 5.27%. The ex-dividend date of this dividend is Friday, May 23rd. Robert Half's dividend payout ratio (DPR) is 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.