Kestra Private Wealth Services LLC Has $930,000 Holdings in Robert Half Inc. (NYSE:RHI)

Kestra Private Wealth Services LLC cut its holdings in Robert Half Inc. (NYSE:RHI - Free Report) by 31.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,043 shares of the business services provider's stock after selling 7,839 shares during the period. Kestra Private Wealth Services LLC's holdings in Robert Half were worth $930,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RHI. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Robert Half by 613.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 364 shares of the business services provider's stock valued at $25,000 after purchasing an additional 313 shares during the period. Headlands Technologies LLC bought a new stake in shares of Robert Half in the 4th quarter valued at approximately $26,000. Signaturefd LLC grew its stake in shares of Robert Half by 121.3% in the 4th quarter. Signaturefd LLC now owns 436 shares of the business services provider's stock valued at $31,000 after purchasing an additional 239 shares during the period. GeoWealth Management LLC bought a new stake in shares of Robert Half in the 4th quarter valued at approximately $35,000. Finally, Orion Capital Management LLC bought a new stake in shares of Robert Half in the 4th quarter valued at approximately $41,000. 92.41% of the stock is currently owned by institutional investors.

Robert Half Stock Down 0.1%

NYSE:RHI traded down $0.04 during trading hours on Friday, hitting $39.80. 1,872,401 shares of the stock were exchanged, compared to its average volume of 2,227,493. The company's 50 day moving average is $43.09 and its two-hundred day moving average is $51.13. Robert Half Inc. has a twelve month low of $38.90 and a twelve month high of $78.41. The company has a market capitalization of $4.07 billion, a P/E ratio of 22.74 and a beta of 1.00.

Robert Half (NYSE:RHI - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.01. Robert Half had a return on equity of 13.00% and a net margin of 3.20%. The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter in the prior year, the business earned $0.66 EPS. The business's revenue for the quarter was down 7.0% compared to the same quarter last year. On average, equities research analysts expect 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 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 5.93%. The ex-dividend date was Friday, May 23rd. Robert Half's dividend payout ratio is 134.86%.

Analysts Set New Price Targets

RHI has been the topic of several analyst reports. BNP Paribas lowered 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. Wall Street Zen downgraded Robert Half from a "hold" rating to a "sell" rating in a report on Saturday. Truist Financial set a $55.00 target price on Robert Half and gave the stock a "buy" rating in a report on Thursday, April 24th. JPMorgan Chase & Co. reduced their target price on Robert Half from $47.00 to $45.00 and set a "neutral" rating on the stock in a report on Thursday. Finally, Barclays reduced their target price 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. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $45.83.

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.