Grimes & Company Inc. Grows Holdings in Robert Half Inc. (NYSE:RHI)

Grimes & Company Inc. boosted its holdings in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 8.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 277,775 shares of the business services provider's stock after buying an additional 20,886 shares during the quarter. Grimes & Company Inc. owned 0.27% of Robert Half worth $15,153,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of RHI. Mawer Investment Management Ltd. raised its position in 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 purchasing an additional 3,398,257 shares in the last quarter. Boston Partners lifted its position in shares of Robert Half by 17.5% during the 4th quarter. Boston Partners now owns 8,554,276 shares of the business services provider's stock worth $602,867,000 after purchasing an additional 1,271,237 shares during the last quarter. Norges Bank purchased a new position in Robert Half in the fourth quarter valued at $60,257,000. Balyasny Asset Management L.P. increased its holdings in Robert Half by 5,172.2% in the fourth quarter. Balyasny Asset Management L.P. now owns 693,394 shares of the business services provider's stock valued at $48,857,000 after buying an additional 680,242 shares during the last quarter. Finally, Wellington Management Group LLP raised its stake in Robert Half by 293.3% in the fourth quarter. Wellington Management Group LLP now owns 831,359 shares of the business services provider's stock valued at $58,578,000 after buying an additional 619,982 shares in the last quarter. Institutional investors and hedge funds own 92.41% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on RHI shares. JPMorgan Chase & Co. dropped their price target on Robert Half from $65.00 to $47.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. Barclays lowered their price target on Robert Half from $50.00 to $45.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. 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 report on Friday, May 2nd. The Goldman Sachs Group decreased their price target on Robert Half from $46.00 to $40.00 and set a "sell" rating for the company in a report on Thursday, April 24th. Finally, BNP Paribas lowered shares of Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 price target on the stock. in a research note on Friday, May 2nd. 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.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $48.71.

Robert Half Stock Down 2.4%

Shares of RHI traded down $1.02 during mid-day trading on Tuesday, hitting $42.21. The company had a trading volume of 1,052,855 shares, compared to its average volume of 1,443,550. Robert Half Inc. has a 1-year low of $40.00 and a 1-year high of $78.41. The business's 50-day simple moving average is $45.89 and its 200-day simple moving average is $57.18. The stock has a market cap of $4.31 billion, a PE ratio of 17.30 and a beta of 1.04.

Robert Half (NYSE:RHI - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same quarter in the previous year, the company earned $0.61 earnings per share. The company's quarterly revenue was down 8.4% on a year-over-year basis. On average, sell-side analysts expect that Robert Half Inc. will post 2.48 earnings per share for the current year.

Robert Half Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 23rd were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 5.59%. The ex-dividend date of this dividend was Friday, May 23rd. Robert Half's payout ratio is currently 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.