Cetera Investment Advisers Trims Stake in Robert Half Inc. (NYSE:RHI)

Cetera Investment Advisers trimmed its position in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 31.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,668 shares of the business services provider's stock after selling 23,177 shares during the quarter. Cetera Investment Advisers owned 0.05% of Robert Half worth $3,641,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Boston Partners grew its stake in shares of Robert Half by 17.5% in the fourth quarter. Boston Partners now owns 8,554,276 shares of the business services provider's stock valued at $602,867,000 after buying an additional 1,271,237 shares in the last quarter. Mawer Investment Management Ltd. increased its position in Robert Half by 72.6% during the fourth quarter. Mawer Investment Management Ltd. now owns 8,079,597 shares of the business services provider's stock worth $569,288,000 after acquiring an additional 3,398,257 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Robert Half by 4.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,433,585 shares of the business services provider's stock valued at $241,930,000 after buying an additional 148,577 shares in the last quarter. Alliancebernstein L.P. lifted its position in Robert Half by 0.5% during the fourth quarter. Alliancebernstein L.P. now owns 3,217,999 shares of the business services provider's stock worth $226,740,000 after purchasing an additional 17,338 shares during the period. Finally, Fiduciary Management Inc. WI lifted its stake in Robert Half by 15.4% during the fourth quarter. Fiduciary Management Inc. WI now owns 2,251,541 shares of the business services provider's stock worth $158,644,000 after purchasing an additional 300,524 shares during the last quarter. 92.41% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. JPMorgan Chase & Co. cut their target price 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. 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 research report on Thursday, April 24th. StockNews.com lowered shares of Robert Half from a "buy" rating to a "hold" rating in a research note on Tuesday, April 15th. BNP Paribas Exane lowered Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 target price on the stock. in a research report on Friday, May 2nd. Finally, Barclays cut their price objective on shares of Robert Half from $50.00 to $45.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. One research 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. According to data from MarketBeat, Robert Half currently has a consensus rating of "Hold" and an average target price of $48.71.

Robert Half Price Performance

Shares of RHI traded up $0.17 during midday trading on Monday, hitting $48.16. 988,730 shares of the company traded hands, compared to its average volume of 1,497,534. The stock has a 50-day moving average of $48.97 and a 200-day moving average of $61.41. Robert Half Inc. has a one year low of $40.00 and a one year high of $78.41. The firm has a market cap of $4.92 billion, a P/E ratio of 19.74 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 EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.19). Robert Half had a return on equity of 17.20% and a net margin of 4.34%. The company had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.41 billion. During the same period in the prior year, the firm earned $0.61 EPS. Robert Half's quarterly revenue was down 8.4% on a year-over-year basis. Sell-side analysts forecast that Robert Half Inc. will post 2.48 EPS for the current fiscal year.

Robert Half Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 4.90%. The ex-dividend date is Friday, May 23rd. Robert Half's dividend payout ratio is presently 118.00%.

Robert Half 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.