Robert Half Inc. (NYSE:RHI) Shares Sold by Millennium Management LLC

Millennium Management LLC lessened its stake in Robert Half Inc. (NYSE:RHI - Free Report) by 69.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 589,562 shares of the business services provider's stock after selling 1,335,266 shares during the period. Millennium Management LLC owned 0.57% of Robert Half worth $41,541,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of RHI. Mawer Investment Management Ltd. boosted its stake in Robert Half by 72.6% in the fourth quarter. Mawer Investment Management Ltd. now owns 8,079,597 shares of the business services provider's stock valued at $569,288,000 after acquiring an additional 3,398,257 shares in the last quarter. Boston Partners boosted its stake in Robert Half by 17.5% in the fourth quarter. Boston Partners now owns 8,554,276 shares of the business services provider's stock valued at $602,867,000 after acquiring an additional 1,271,237 shares in the last quarter. Norges Bank acquired a new position in Robert Half in the fourth quarter valued at $60,257,000. Balyasny Asset Management L.P. boosted its stake in Robert Half by 5,172.2% in the fourth quarter. Balyasny Asset Management L.P. now owns 693,394 shares of the business services provider's stock valued at $48,857,000 after acquiring an additional 680,242 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in Robert Half by 293.3% in the fourth quarter. Wellington Management Group LLP now owns 831,359 shares of the business services provider's stock valued at $58,578,000 after acquiring an additional 619,982 shares in the last quarter. Institutional investors and hedge funds own 92.41% of the company's stock.

Robert Half Trading Down 1.7%

Shares of RHI traded down $0.80 during mid-day trading on Friday, hitting $45.31. 1,124,966 shares of the company's stock were exchanged, compared to its average volume of 1,494,447. Robert Half Inc. has a fifty-two week low of $40.00 and a fifty-two week high of $78.41. The firm has a market capitalization of $4.63 billion, a P/E ratio of 18.57 and a beta of 1.06. The business's 50 day moving average is $48.30 and its two-hundred day moving average is $60.75.

Robert Half (NYSE:RHI - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The business services provider reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.19). The business had revenue of $1.35 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the company posted $0.61 EPS. On average, equities research analysts forecast that Robert Half Inc. will post 2.48 earnings per share for the current year.

Robert Half Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors 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 yield of 5.21%. Robert Half's payout ratio is currently 118.00%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Barclays decreased their price objective on shares of Robert Half from $50.00 to $45.00 and set an "equal weight" rating for the company in a research note on Thursday, April 24th. JPMorgan Chase & Co. decreased 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. BNP Paribas downgraded shares of Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 target price for the company. in a research note on Friday, May 2nd. Wall Street Zen downgraded shares of Robert Half from a "buy" rating to a "hold" rating in a research note on Tuesday, April 15th. Finally, BNP Paribas Exane downgraded shares of Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 target price for the company. in a research note on Friday, May 2nd. One analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Robert Half has a consensus rating of "Hold" and a consensus target price of $48.71.

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.