Man Group plc lessened its stake in Robert Half Inc. (NYSE:RHI - Free Report) by 69.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,052 shares of the business services provider's stock after selling 81,922 shares during the period. Man Group plc's holdings in Robert Half were worth $2,540,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the stock. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Robert Half by 613.7% during the fourth 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 Robert Half during the 4th quarter valued at $26,000. Signaturefd LLC boosted its position in Robert Half by 121.3% during the 4th quarter. Signaturefd LLC now owns 436 shares of the business services provider's stock valued at $31,000 after buying an additional 239 shares during the period. GeoWealth Management LLC purchased a new stake in Robert Half during the 4th quarter valued at $35,000. Finally, V Square Quantitative Management LLC grew its holdings in Robert Half by 70.6% in the 4th quarter. V Square Quantitative Management LLC now owns 679 shares of the business services provider's stock worth $48,000 after acquiring an additional 281 shares during the last quarter. 92.41% of the stock is currently owned by hedge funds and other institutional investors.
Robert Half Trading Down 1.1%
RHI traded down $0.53 during trading on Wednesday, reaching $45.99. The stock had a trading volume of 124,655 shares, compared to its average volume of 1,486,786. The company has a market capitalization of $4.70 billion, a price-to-earnings ratio of 18.87 and a beta of 1.06. The stock's 50 day moving average is $47.97 and its two-hundred day moving average is $60.22. 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 issued 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 business had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.41 billion. During the same period last year, the business earned $0.61 earnings per share. The company's revenue was down 8.4% on a year-over-year basis. On average, equities research analysts predict that Robert Half Inc. will post 2.48 earnings per share for the current year.
Robert Half Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 23rd will be given a $0.59 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 5.13%. Robert Half's dividend payout ratio is currently 118.00%.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on RHI shares. The Goldman Sachs Group dropped their target price on shares of Robert Half from $46.00 to $40.00 and set a "sell" rating for the company in a report on Thursday, April 24th. 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. Wall Street Zen lowered Robert Half from a "hold" rating to a "sell" rating in a research report on Saturday. BNP Paribas Exane downgraded 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. cut their price target on shares of Robert Half from $65.00 to $47.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Robert Half currently has an average rating of "Hold" and an average target price of $48.71.
Check Out Our Latest Stock Report on Robert Half
Robert Half Profile
(
Free Report)
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.
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