Robert Half Inc. (NYSE:RHI) Stock Holdings Cut by Bessemer Group Inc.

Bessemer Group Inc. trimmed its position in Robert Half Inc. (NYSE:RHI - Free Report) by 64.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,690 shares of the business services provider's stock after selling 32,665 shares during the quarter. Bessemer Group Inc.'s holdings in Robert Half were worth $966,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Spire Wealth Management increased its stake in Robert Half by 1,629.9% during the first quarter. Spire Wealth Management now owns 51,740 shares of the business services provider's stock valued at $2,822,000 after purchasing an additional 48,749 shares during the last quarter. Lecap Asset Management Ltd. acquired a new position in shares of Robert Half in the 1st quarter valued at about $1,651,000. Silver Lake Advisory LLC grew its position in shares of Robert Half by 1.2% during the 1st quarter. Silver Lake Advisory LLC now owns 55,088 shares of the business services provider's stock valued at $3,005,000 after buying an additional 655 shares during the last quarter. Riverwater Partners LLC raised its stake in Robert Half by 10.0% during the first quarter. Riverwater Partners LLC now owns 5,007 shares of the business services provider's stock worth $273,000 after acquiring an additional 457 shares during the period. Finally, Cardinal Capital Management raised its stake in Robert Half by 5.8% during the first quarter. Cardinal Capital Management now owns 38,638 shares of the business services provider's stock worth $2,108,000 after acquiring an additional 2,129 shares during the period. 92.41% of the stock is owned by institutional investors and hedge funds.

Robert Half Trading Up 4.2%

RHI traded up $1.73 during trading hours on Tuesday, hitting $42.78. The company's stock had a trading volume of 3,258,112 shares, compared to its average volume of 1,615,775. The company has a 50-day simple moving average of $44.45 and a 200 day simple moving average of $54.83. The firm has a market capitalization of $4.37 billion, a PE ratio of 21.39 and a beta of 1.05. Robert Half Inc. has a fifty-two week low of $39.61 and a fifty-two week high of $78.41.

Robert Half (NYSE:RHI - Get Free Report) last issued 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 net margin of 3.62% and a return on equity of 14.54%. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same period last year, the business posted $0.61 earnings per share. Robert Half's revenue for the quarter was down 8.4% on a year-over-year basis. Research analysts expect that Robert Half Inc. will post 2.48 earnings per share for the current fiscal year.

Robert Half Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 23rd were given a dividend of $0.59 per share. The ex-dividend date was Friday, May 23rd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 5.52%. Robert Half's dividend payout ratio (DPR) is 118.00%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on RHI shares. The Goldman Sachs Group decreased their target price 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. Wall Street Zen upgraded Robert Half from a "sell" rating to a "hold" rating in a research report on Friday, June 6th. JPMorgan Chase & Co. lowered their price objective on Robert Half from $65.00 to $47.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. Barclays cut their target price on Robert Half from $50.00 to $45.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. Finally, BNP Paribas downgraded shares of Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 price target for the company. in a report on Friday, May 2nd. One 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, Robert Half currently has a consensus rating of "Hold" and a consensus price target of $48.71.

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.