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

KBC Group NV reduced its stake in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 13.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,477 shares of the business services provider's stock after selling 7,366 shares during the quarter. KBC Group NV's holdings in Robert Half were worth $2,481,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. US Bancorp DE increased its position in Robert Half by 18.6% during the fourth quarter. US Bancorp DE now owns 4,957 shares of the business services provider's stock worth $349,000 after buying an additional 777 shares during the period. Smartleaf Asset Management LLC increased its holdings in shares of Robert Half by 48.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 794 shares of the business services provider's stock valued at $56,000 after acquiring an additional 258 shares during the period. SRS Capital Advisors Inc. increased its holdings in shares of Robert Half by 291.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,750 shares of the business services provider's stock valued at $123,000 after acquiring an additional 1,303 shares during the period. Jones Financial Companies Lllp increased its holdings in shares of Robert Half by 455.1% in the 4th quarter. Jones Financial Companies Lllp now owns 1,138 shares of the business services provider's stock valued at $80,000 after acquiring an additional 933 shares during the period. Finally, Schechter Investment Advisors LLC increased its stake in Robert Half by 54.7% in the fourth quarter. Schechter Investment Advisors LLC now owns 5,765 shares of the business services provider's stock valued at $406,000 after purchasing an additional 2,038 shares during the period. 92.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

RHI has been the topic of several recent research reports. 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 report on Thursday, April 24th. The Goldman Sachs Group dropped their target price on Robert Half from $46.00 to $40.00 and set a "sell" rating on the stock in a report on Thursday, April 24th. Wall Street Zen raised Robert Half from a "sell" rating to a "hold" rating in a report on Friday, June 6th. BNP Paribas cut shares of Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 price objective on the stock. in a research note on Friday, May 2nd. Finally, Truist Financial set a $55.00 price objective on shares of Robert Half and gave the company a "buy" rating in a research note on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $48.71.

Robert Half Stock Down 3.9%

RHI stock traded down $1.66 on Monday, reaching $41.19. 2,068,974 shares of the company's stock were exchanged, compared to its average volume of 1,382,887. The stock has a fifty day moving average of $44.18 and a 200-day moving average of $53.78. Robert Half Inc. has a twelve month low of $39.61 and a twelve month high of $78.41. The firm has a market cap of $4.21 billion, a PE ratio of 20.60 and a beta of 1.00.

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 for the quarter, missing analysts' consensus estimates of $0.36 by ($0.19). The firm had revenue of $1.35 billion during 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 business's revenue was down 8.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.61 EPS. On average, equities research analysts predict that Robert Half Inc. will post 2.48 EPS for the current fiscal year.

Robert Half Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 23rd were paid a $0.59 dividend. The ex-dividend date was Friday, May 23rd. This represents a $2.36 dividend on an annualized basis and a yield of 5.73%. Robert Half's payout ratio is 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.