Mirae Asset Global Investments Co. Ltd. Acquires 8,662 Shares of Robert Half Inc. (NYSE:RHI)

Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 11.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 82,705 shares of the business services provider's stock after acquiring an additional 8,662 shares during the period. Mirae Asset Global Investments Co. Ltd. owned 0.08% of Robert Half worth $4,456,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC raised its position in shares of Robert Half by 4.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 76,378 shares of the business services provider's stock valued at $4,166,000 after buying an additional 3,248 shares in the last quarter. Smartleaf Asset Management LLC raised its position in shares of Robert Half by 48.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 794 shares of the business services provider's stock valued at $56,000 after buying an additional 258 shares in the last quarter. CX Institutional acquired a new stake in shares of Robert Half in the first quarter valued at approximately $33,000. HighTower Advisors LLC increased its stake in Robert Half by 2.4% in the fourth quarter. HighTower Advisors LLC now owns 36,911 shares of the business services provider's stock valued at $2,601,000 after acquiring an additional 863 shares during the last quarter. Finally, Atria Investments Inc increased its stake in Robert Half by 35.5% in the fourth quarter. Atria Investments Inc now owns 4,168 shares of the business services provider's stock valued at $294,000 after acquiring an additional 1,093 shares during the last quarter. 92.41% of the stock is currently owned by institutional investors and hedge funds.

Robert Half Stock Down 0.4%

Shares of NYSE RHI traded down $0.18 during midday trading on Friday, reaching $42.85. 915,157 shares of the company were exchanged, compared to its average volume of 1,380,132. The stock's 50-day moving average price is $44.25 and its 200-day moving average price is $54.11. The stock has a market cap of $4.38 billion, a P/E ratio of 21.43 and a beta of 1.00. Robert Half Inc. has a one year low of $39.61 and a one year high of $78.41.

Robert Half (NYSE:RHI - Get Free Report) last posted its 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 company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.41 billion. Robert Half had a return on equity of 14.54% and a net margin of 3.62%. The business's quarterly revenue was down 8.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.61 EPS. On average, equities research analysts anticipate that Robert Half Inc. will post 2.48 EPS for the current year.

Robert Half Announces Dividend

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 of this dividend was Friday, May 23rd. This represents a $2.36 annualized dividend and a dividend yield of 5.51%. Robert Half's dividend payout ratio is 118.00%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on RHI. Wall Street Zen raised shares of Robert Half from a "sell" rating to a "hold" rating in a research note on Friday, June 6th. The Goldman Sachs Group decreased their price objective on shares of Robert Half from $46.00 to $40.00 and set a "sell" rating on the stock in a research note on Thursday, April 24th. BNP Paribas Exane 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. 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 equities 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 stock. Based on data from MarketBeat.com, the company presently 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.