Robert Half Inc. (NYSE:RHI) Shares Purchased by Mirae Asset Global Investments Co. Ltd.

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

Other large investors have also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings 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 last quarter. Headlands Technologies LLC acquired a new position in Robert Half during the 4th quarter valued at approximately $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 purchasing an additional 239 shares during the period. CX Institutional bought a new position in Robert Half during the 1st quarter worth $33,000. Finally, GeoWealth Management LLC acquired a new stake in Robert Half in the fourth quarter worth $35,000. Institutional investors own 92.41% of the company's stock.

Robert Half Trading Down 0.4%

RHI traded down $0.18 on Thursday, reaching $42.85. The company had a trading volume of 915,157 shares, compared to its average volume of 1,381,034. The company has a market capitalization of $4.38 billion, a P/E ratio of 21.43 and a beta of 1.00. The company has a fifty day moving average of $44.27 and a 200-day moving average of $54.45. 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 issued its quarterly 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). Robert Half had a return on equity of 14.54% and a net margin of 3.62%. The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same period in the prior year, the company posted $0.61 earnings per share. The company's revenue was down 8.4% on a year-over-year basis. Research analysts predict that Robert Half Inc. will post 2.48 EPS for the current year.

Robert Half Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Barclays reduced their price target on shares of Robert Half from $50.00 to $45.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. BNP Paribas downgraded 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 report on Friday, May 2nd. Truist Financial set a $55.00 target price on shares of Robert Half and gave the stock a "buy" rating in a research report on Thursday, April 24th. BNP Paribas Exane cut Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 price target on the stock. in a report on Friday, May 2nd. Finally, JPMorgan Chase & Co. reduced their price objective on Robert Half from $65.00 to $47.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $48.71.

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.