Robert Half Inc. (NYSE:RHI) Shares Bought by First National Advisers LLC

Key Points

• First National Advisers LLC increased its holdings in Robert Half Inc. by 46.8% during the first quarter, acquiring an additional 13,468 shares, bringing its total to 42,241 shares valued at $2,304,000.
• Institutional investors hold a significant portion of Robert Half's stock, with 92.41% of shares owned by them, including notable increases from firms like Mitsubishi UFJ Asset Management and Headlands Technologies.
• Analysts show mixed sentiments with two sell ratings and only one buy rating, while the average target price for the stock is currently set at $45.83.

First National Advisers LLC increased its holdings in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 46.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,241 shares of the business services provider's stock after acquiring an additional 13,468 shares during the period. First National Advisers LLC's holdings in Robert Half were worth $2,304,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Mawer Investment Management Ltd. lifted its holdings 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 in the last quarter. Alliancebernstein L.P. increased its stake in shares of 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. Fiduciary Management Inc. WI increased its position 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 acquiring an additional 300,524 shares during the period. Geode Capital Management LLC increased its holdings in Robert Half by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 2,109,561 shares of the business services provider's stock valued at $148,677,000 after buying an additional 53,294 shares during the period. Finally, First Trust Advisors LP grew its holdings in shares of Robert Half by 1.9% during the 4th quarter. First Trust Advisors LP now owns 1,975,037 shares of the business services provider's stock valued at $139,161,000 after purchasing an additional 36,150 shares during the last quarter. 92.41% of the stock is owned by institutional investors.

Robert Half Stock Down 2.4%

Shares of Robert Half stock traded down $0.94 on Wednesday, reaching $37.45. 2,541,913 shares of the stock were exchanged, compared to its average volume of 1,698,598. The business has a 50 day moving average price of $42.73 and a two-hundred day moving average price of $50.74. The firm has a market capitalization of $3.83 billion, a price-to-earnings ratio of 21.40 and a beta of 1.00. Robert Half Inc. has a twelve month low of $36.96 and a twelve month high of $78.41.

Robert Half (NYSE:RHI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $0.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.40 by $0.01. The firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.35 billion. Robert Half had a return on equity of 13.00% and a net margin of 3.20%. The company's quarterly revenue was down 7.0% on a year-over-year basis. During the same period last year, the company earned $0.66 EPS. Research analysts forecast that Robert Half Inc. will post 2.48 EPS for the current year.

Robert Half Dividend Announcement

The business also recently disclosed 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 of this dividend was Friday, May 23rd. This represents a $2.36 dividend on an annualized basis and a yield of 6.30%. Robert Half's payout ratio is 134.86%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on RHI shares. Wall Street Zen cut Robert Half from a "hold" rating to a "sell" rating in a report on Saturday. Barclays decreased their target price 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. The Goldman Sachs Group cut their target price on shares of Robert Half from $46.00 to $40.00 and set a "sell" rating on the stock in a report on Thursday, April 24th. Truist Financial set a $55.00 price objective on shares of Robert Half and gave the stock a "buy" rating in a research note on Thursday, April 24th. Finally, JPMorgan Chase & Co. lowered their price target on Robert Half from $47.00 to $45.00 and set a "neutral" rating on the stock in a report on Thursday, July 24th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $45.83.

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.