Jefferies Financial Group Inc. Sells 26,168 Shares of Robert Half Inc. (NYSE:RHI)

Jefferies Financial Group Inc. lessened its position in Robert Half Inc. (NYSE:RHI - Free Report) by 55.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,353 shares of the business services provider's stock after selling 26,168 shares during the quarter. Jefferies Financial Group Inc.'s holdings in Robert Half were worth $1,505,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Barclays PLC grew its stake in shares of Robert Half by 131.6% in the third quarter. Barclays PLC now owns 344,233 shares of the business services provider's stock valued at $23,205,000 after buying an additional 195,570 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Robert Half by 9.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 4,571 shares of the business services provider's stock valued at $322,000 after purchasing an additional 390 shares during the last quarter. Exchange Traded Concepts LLC raised its stake in Robert Half by 1.4% during the 4th quarter. Exchange Traded Concepts LLC now owns 12,326 shares of the business services provider's stock valued at $868,000 after acquiring an additional 166 shares during the last quarter. Mount Yale Investment Advisors LLC raised its stake in Robert Half by 82.9% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 5,127 shares of the business services provider's stock valued at $361,000 after acquiring an additional 2,324 shares during the last quarter. Finally, Gries Financial LLC raised its stake in shares of Robert Half by 1.1% during the 4th quarter. Gries Financial LLC now owns 32,173 shares of the business services provider's stock worth $2,267,000 after buying an additional 359 shares in the last quarter. Hedge funds and other institutional investors own 92.41% of the company's stock.

Robert Half Stock Performance

Shares of NYSE RHI traded down $0.67 during mid-day trading on Friday, reaching $45.75. The company had a trading volume of 1,110,107 shares, compared to its average volume of 1,485,169. The stock has a market capitalization of $4.67 billion, a PE ratio of 18.75 and a beta of 1.06. Robert Half Inc. has a twelve month low of $40.00 and a twelve month high of $78.41. The stock's 50 day moving average is $47.50 and its 200-day moving average is $59.71.

Robert Half (NYSE:RHI - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $0.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by ($0.19). Robert Half had a net margin of 4.34% and a return on equity of 17.20%. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter last year, the company earned $0.61 earnings per share. The firm's revenue was down 8.4% on a year-over-year basis. On average, sell-side analysts anticipate that Robert Half Inc. will post 2.48 EPS for the current year.

Robert Half Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders 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 dividend yield of 5.16%. The ex-dividend date is Friday, May 23rd. Robert Half's payout ratio is 118.00%.

Analyst Ratings Changes

A number of research firms recently weighed in on RHI. The Goldman Sachs Group lowered their price target on 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 target price on Robert Half and gave the stock a "buy" rating in a research report 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 report on Thursday, April 24th. BNP Paribas Exane lowered Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 price objective on the stock. in a research report on Friday, May 2nd. Finally, BNP Paribas downgraded 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. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $48.71.

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.