New York State Common Retirement Fund lowered its stake in Robert Half Inc. (NYSE:RHI - Free Report) by 11.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 147,710 shares of the business services provider's stock after selling 19,592 shares during the period. New York State Common Retirement Fund owned approximately 0.14% of Robert Half worth $8,058,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently modified their holdings of the stock. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in 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 worth $25,000 after acquiring an additional 313 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of Robert Half in the fourth quarter worth about $26,000. Signaturefd LLC lifted its holdings in shares of Robert Half by 121.3% in the fourth quarter. Signaturefd LLC now owns 436 shares of the business services provider's stock worth $31,000 after acquiring an additional 239 shares during the last quarter. CX Institutional bought a new position in shares of Robert Half in the first quarter worth about $33,000. Finally, GeoWealth Management LLC bought a new position in shares of Robert Half in the fourth quarter worth about $35,000. Institutional investors own 92.41% of the company's stock.
Robert Half Stock Down 0.7%
NYSE RHI opened at $41.84 on Friday. The company has a market cap of $4.27 billion, a price-to-earnings ratio of 20.92 and a beta of 1.00. Robert Half Inc. has a 52 week low of $39.61 and a 52 week high of $78.41. The business has a 50 day moving average price of $43.72 and a 200-day moving average price of $52.08.
Robert Half (NYSE:RHI - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter last year, the company posted $0.61 EPS. The company's quarterly revenue was down 8.4% compared to the same quarter last year. On average, equities research analysts anticipate that Robert Half Inc. will post 2.48 earnings per share for the current year.
Robert Half Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 23rd were given a $0.59 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $2.36 annualized dividend and a yield of 5.64%. Robert Half's dividend payout ratio is currently 118.00%.
Analyst Ratings Changes
A number of brokerages have recently commented on RHI. BNP Paribas Exane lowered Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 price target on the stock. in a research note on Friday, May 2nd. JPMorgan Chase & Co. cut their price target on Robert Half from $65.00 to $47.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. BNP Paribas lowered Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 price target on the stock. in a research note on Friday, May 2nd. Wall Street Zen raised Robert Half from a "sell" rating to a "hold" rating in a research note on Friday, June 6th. Finally, Barclays cut their price objective on Robert Half from $50.00 to $45.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $48.71.
View Our Latest Research Report on RHI
Robert Half Company 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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