Robert Half Inc. (NYSE:RHI) Stake Decreased by KBC Group NV

KBC Group NV lessened its stake in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 13.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund 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 reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Robert Half by 11.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 82,705 shares of the business services provider's stock valued at $4,456,000 after buying an additional 8,662 shares during the last quarter. Illinois Municipal Retirement Fund grew its stake in Robert Half by 2.9% in the 1st quarter. Illinois Municipal Retirement Fund now owns 103,160 shares of the business services provider's stock worth $5,627,000 after acquiring an additional 2,869 shares during the period. Spire Wealth Management raised its holdings in Robert Half by 1,629.9% in the 1st quarter. Spire Wealth Management now owns 51,740 shares of the business services provider's stock valued at $2,822,000 after acquiring an additional 48,749 shares during the last quarter. Lecap Asset Management Ltd. purchased a new position in shares of Robert Half during the 1st quarter worth $1,651,000. Finally, Silver Lake Advisory LLC boosted its holdings in shares of Robert Half by 1.2% during the first quarter. Silver Lake Advisory LLC now owns 55,088 shares of the business services provider's stock worth $3,005,000 after purchasing an additional 655 shares during the last quarter. Hedge funds and other institutional investors own 92.41% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on RHI. Wall Street Zen upgraded Robert Half from a "sell" rating to a "hold" rating in a research note 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 for the company. in a research note on Friday, May 2nd. Truist Financial set a $55.00 price objective on Robert Half and gave the stock a "buy" rating in a report on Thursday, April 24th. BNP Paribas Exane cut Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 target price for the company. in a report on Friday, May 2nd. Finally, JPMorgan Chase & Co. lowered their price target on Robert Half from $65.00 to $47.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, Robert Half currently has a consensus rating of "Hold" and an average target price of $48.71.

Robert Half Price Performance

Shares of NYSE:RHI traded down $0.18 during trading on Friday, reaching $42.85. 915,157 shares of the company's stock traded hands, compared to its average volume of 1,381,034. The stock has a market capitalization of $4.38 billion, a P/E ratio of 21.43 and a beta of 1.00. Robert Half Inc. has a 12 month low of $39.61 and a 12 month high of $78.41. The company has a 50 day moving average of $44.27 and a 200-day moving average of $54.45.

Robert Half (NYSE:RHI - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The business services provider reported $0.17 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.19). The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.41 billion. Robert Half had a net margin of 3.62% and a return on equity of 14.54%. The firm's revenue for the quarter was down 8.4% compared to the same quarter last year. During the same period last year, the company posted $0.61 earnings per share. Equities research analysts predict that Robert Half Inc. will post 2.48 earnings per share for the current fiscal year.

Robert Half Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 23rd were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 5.51%. The ex-dividend date of this dividend was Friday, May 23rd. Robert Half's payout ratio is 118.00%.

About Robert Half

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.