BNP Paribas Financial Markets raised its stake in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 72.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 30,017 shares of the business services provider's stock after acquiring an additional 12,617 shares during the period. BNP Paribas Financial Markets' holdings in Robert Half were worth $2,115,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of 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 buying an additional 313 shares in the last quarter. Headlands Technologies LLC purchased a new position in Robert Half in the fourth quarter worth $26,000. Signaturefd LLC lifted its holdings in Robert Half by 121.3% in the fourth quarter. Signaturefd LLC now owns 436 shares of the business services provider's stock valued at $31,000 after acquiring an additional 239 shares during the period. GeoWealth Management LLC purchased a new stake in shares of Robert Half during the 4th quarter worth $35,000. Finally, V Square Quantitative Management LLC grew its stake in shares of Robert Half by 70.6% during the 4th quarter. V Square Quantitative Management LLC now owns 679 shares of the business services provider's stock worth $48,000 after purchasing an additional 281 shares during the period. 92.41% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several brokerages recently commented on RHI. StockNews.com cut shares of Robert Half from a "buy" rating to a "hold" rating in a research note on Tuesday, April 15th. Truist Financial set a $55.00 price target on shares of Robert Half and gave the company a "buy" rating in a research report on Thursday, April 24th. BNP Paribas Exane cut 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. The Goldman Sachs Group dropped their price objective on Robert Half from $46.00 to $40.00 and set a "sell" rating for the company in a research note on Thursday, April 24th. Finally, JPMorgan Chase & Co. decreased their target price on Robert Half from $65.00 to $47.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, Robert Half presently has an average rating of "Hold" and a consensus target price of $48.71.
Get Our Latest Stock Report on RHI
Robert Half Stock Down 1.7%
Shares of Robert Half stock traded down $0.84 during trading on Tuesday, hitting $47.32. 1,145,458 shares of the company were exchanged, compared to its average volume of 1,496,131. Robert Half Inc. has a fifty-two week low of $40.00 and a fifty-two week high of $78.41. The firm has a 50 day moving average price of $48.87 and a 200 day moving average price of $61.27. The stock has a market capitalization of $4.83 billion, a price-to-earnings ratio of 19.39 and a beta of 1.06.
Robert Half (NYSE:RHI - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $0.17 earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by ($0.19). The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.41 billion. Robert Half had a return on equity of 17.20% and a net margin of 4.34%. The business's revenue was down 8.4% compared to the same quarter last year. During the same period last year, the firm earned $0.61 earnings per share. Analysts predict that Robert Half Inc. will post 2.48 earnings per share for the current year.
Robert Half Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 23rd will be paid a dividend of $0.59 per share. The ex-dividend date is Friday, May 23rd. This represents a $2.36 annualized dividend and a dividend yield of 4.99%. Robert Half's dividend payout ratio is currently 118.00%.
Robert Half Profile
(
Free Report)
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.
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