Natixis Advisors LLC Sells 22,997 Shares of Robert Half Inc. (NYSE:RHI)

Key Points

• Natixis Advisors LLC reduced its stake in Robert Half Inc. by 51.4%, selling 22,997 shares and holding 21,762 shares worth approximately $1.19 million at the end of the quarter.
• Robert Half recently reported earnings per share of $0.41, slightly beating analysts' expectations, although its revenue fell 7% year-over-year to $1.37 billion.
• A quarterly dividend of $0.59 was declared, reflecting an annualized yield of 6.9%, despite a high dividend payout ratio of 134.86%.

Natixis Advisors LLC trimmed its holdings in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 51.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,762 shares of the business services provider's stock after selling 22,997 shares during the quarter. Natixis Advisors LLC's holdings in Robert Half were worth $1,187,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Treasurer of the State of North Carolina boosted its position in shares of Robert Half by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 44,483 shares of the business services provider's stock worth $3,134,000 after purchasing an additional 280 shares during the period. Riverwater Partners LLC boosted its position in shares of Robert Half by 10.0% in the first quarter. Riverwater Partners LLC now owns 5,007 shares of the business services provider's stock worth $273,000 after purchasing an additional 457 shares during the period. Trust Point Inc. boosted its position in shares of Robert Half by 8.2% in the first quarter. Trust Point Inc. now owns 6,488 shares of the business services provider's stock worth $354,000 after purchasing an additional 494 shares during the period. GeoWealth Management LLC bought a new position in shares of Robert Half in the fourth quarter worth approximately $35,000. Finally, Wedbush Securities Inc. boosted its position in shares of Robert Half by 15.9% in the first quarter. Wedbush Securities Inc. now owns 3,682 shares of the business services provider's stock worth $201,000 after purchasing an additional 504 shares during the period. 92.41% of the stock is currently owned by institutional investors.

Robert Half Stock Down 0.5%

Robert Half stock opened at $34.22 on Friday. The company has a market cap of $3.48 billion, a price-to-earnings ratio of 19.55 and a beta of 1.02. The firm's fifty day moving average is $41.07 and its 200 day moving average is $48.82. Robert Half Inc. has a 52-week low of $34.06 and a 52-week high of $78.41.

Robert Half (NYSE:RHI - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $0.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.01. Robert Half had a net margin of 3.20% and a return on equity of 13.00%. The company 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 firm earned $0.66 earnings per share. Robert Half's revenue was down 7.0% on a year-over-year basis. On average, equities research analysts anticipate that Robert Half Inc. will post 2.48 earnings per share for the current fiscal year.

Robert Half Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, August 25th will be issued a $0.59 dividend. The ex-dividend date is Monday, August 25th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 6.9%. Robert Half's dividend payout ratio is presently 134.86%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Barclays dropped 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 research report on Thursday, April 24th. JPMorgan Chase & Co. lowered their target price on shares of Robert Half from $47.00 to $45.00 and set a "neutral" rating on the stock in a report on Thursday, July 24th. The Goldman Sachs Group lowered their target price on shares of Robert Half from $46.00 to $40.00 and set a "sell" rating on the stock in a report on Thursday, April 24th. Truist Financial set a $55.00 target price on shares of Robert Half and gave the stock a "buy" rating in a report on Thursday, April 24th. Finally, Wall Street Zen raised shares of Robert Half from a "sell" rating to a "hold" rating in a report on Sunday, August 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Robert Half currently has a consensus rating of "Hold" and a consensus price target of $45.83.

About Robert Half

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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