Robert Half Inc. (NYSE:RHI) Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. reduced its position in Robert Half Inc. (NYSE:RHI - Free Report) by 64.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Boston Partners boosted its stake in shares of Robert Half by 17.5% in the 4th 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 during the period. Mawer Investment Management Ltd. boosted its stake in shares of Robert Half by 72.6% in the 4th quarter. Mawer Investment Management Ltd. now owns 8,079,597 shares of the business services provider's stock valued at $569,288,000 after buying an additional 3,398,257 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Robert Half by 4.5% in the 4th 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 during the period. Alliancebernstein L.P. boosted its stake in shares of Robert Half by 0.5% in the 4th quarter. Alliancebernstein L.P. now owns 3,217,999 shares of the business services provider's stock valued at $226,740,000 after buying an additional 17,338 shares during the period. Finally, Fiduciary Management Inc. WI boosted its stake in shares of Robert Half by 15.4% in the 4th quarter. Fiduciary Management Inc. WI now owns 2,251,541 shares of the business services provider's stock valued at $158,644,000 after buying an additional 300,524 shares during the period. 92.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

RHI has been the subject of several recent research reports. Barclays decreased their price objective on Robert Half from $50.00 to $45.00 and set an "equal weight" rating for the company in a research note on Thursday, April 24th. BNP Paribas Exane cut Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 target price for the company. in a research note on Friday, May 2nd. BNP Paribas cut Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 target price for the company. in a research note on Friday, May 2nd. JPMorgan Chase & Co. decreased their target price 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. Finally, 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. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $48.71.

Robert Half Stock Down 0.4%

RHI traded down $0.18 during trading on Friday, hitting $42.85. 915,157 shares of the stock were exchanged, compared to its average volume of 1,381,034. The firm has a market capitalization of $4.38 billion, a P/E ratio of 21.43 and a beta of 1.00. Robert Half Inc. has a 1-year low of $39.61 and a 1-year high of $78.41. The stock has a fifty day moving average price of $44.25 and a two-hundred day moving average price of $54.23.

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 the consensus estimate of $0.36 by ($0.19). The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.41 billion. Robert Half had a return on equity of 14.54% and a net margin of 3.62%. The company's quarterly revenue was down 8.4% on a year-over-year basis. During the same period last year, the firm earned $0.61 EPS. Analysts predict that Robert Half Inc. will post 2.48 EPS for the current year.

Robert Half Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 23rd were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 5.51%. The ex-dividend date was Friday, May 23rd. 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.