JLB & Associates Inc. Sells 34,428 Shares of Robert Half Inc. (NYSE:RHI)

JLB & Associates Inc. reduced its holdings in Robert Half Inc. (NYSE:RHI - Free Report) by 77.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,053 shares of the business services provider's stock after selling 34,428 shares during the period. JLB & Associates Inc.'s holdings in Robert Half were worth $548,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. Mawer Investment Management Ltd. boosted its stake 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 buying an additional 3,398,257 shares during the period. Boston Partners boosted its stake 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 period. Norges Bank bought a new position in Robert Half during the 4th quarter valued at about $60,257,000. Balyasny Asset Management L.P. grew its holdings in Robert Half by 5,172.2% during the 4th quarter. Balyasny Asset Management L.P. now owns 693,394 shares of the business services provider's stock valued at $48,857,000 after purchasing an additional 680,242 shares during the last quarter. Finally, Wellington Management Group LLP raised its position in Robert Half by 293.3% in the 4th quarter. Wellington Management Group LLP now owns 831,359 shares of the business services provider's stock worth $58,578,000 after purchasing an additional 619,982 shares during the period. Institutional investors own 92.41% of the company's stock.

Robert Half Stock Down 2.4%

NYSE:RHI traded down $1.02 during midday trading on Tuesday, hitting $42.21. The stock had a trading volume of 1,052,855 shares, compared to its average volume of 1,443,550. The stock has a 50-day moving average of $45.89 and a 200 day moving average of $57.18. The company has a market capitalization of $4.31 billion, a price-to-earnings ratio of 17.30 and a beta of 1.04. Robert Half Inc. has a one year low of $40.00 and a one year high of $78.41.

Robert Half (NYSE:RHI - Get Free Report) last posted 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). The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.41 billion. Robert Half had a return on equity of 17.20% and a net margin of 4.34%. Robert Half's quarterly revenue was down 8.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.61 EPS. On average, sell-side analysts anticipate that Robert Half Inc. will post 2.48 earnings per share for the current fiscal year.

Robert Half Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 23rd were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 5.59%. The ex-dividend date was Friday, May 23rd. Robert Half's payout ratio is 118.00%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. BNP Paribas Exane cut Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 target price on the stock. 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 price objective for the company. in a report on Friday, May 2nd. Barclays cut their price objective 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. Wall Street Zen upgraded Robert Half from a "sell" rating to a "hold" rating in a research report on Friday, June 6th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Robert Half from $65.00 to $47.00 and set a "neutral" 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 issued a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $48.71.

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.