Nuveen Asset Management LLC Trims Stock Position in Robert Half Inc. (NYSE:RHI)

Nuveen Asset Management LLC lessened its holdings in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 19.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 305,216 shares of the business services provider's stock after selling 71,569 shares during the period. Nuveen Asset Management LLC owned approximately 0.30% of Robert Half worth $21,506,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RHI. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings 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 during the period. Headlands Technologies LLC acquired a new position in Robert Half during the fourth quarter worth $26,000. Signaturefd LLC grew its holdings in Robert Half by 121.3% during 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 period. GeoWealth Management LLC acquired a new position in Robert Half during the fourth quarter worth $35,000. Finally, V Square Quantitative Management LLC grew its holdings in Robert Half by 70.6% during the fourth quarter. V Square Quantitative Management LLC now owns 679 shares of the business services provider's stock worth $48,000 after acquiring an additional 281 shares during the period. Institutional investors and hedge funds own 92.41% of the company's stock.

Analysts Set New Price Targets

RHI has been the topic of several research reports. The Goldman Sachs Group lowered their target price on Robert Half from $46.00 to $40.00 and set a "sell" rating on the stock in a report on Thursday, April 24th. Wall Street Zen lowered Robert Half from a "hold" rating to a "sell" rating in a report on Saturday, May 24th. JPMorgan Chase & Co. lowered their target price on Robert Half from $65.00 to $47.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. BNP Paribas lowered Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 target price on the stock. in a report on Friday, May 2nd. Finally, Barclays lowered their target price on Robert Half from $50.00 to $45.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $48.71.

Robert Half Stock Up 0.6%

Shares of RHI traded up $0.28 during trading hours on Thursday, reaching $46.20. 277,178 shares of the company traded hands, compared to its average volume of 1,497,861. The stock has a market capitalization of $4.72 billion, a PE ratio of 18.92 and a beta of 1.06. Robert Half Inc. has a fifty-two week low of $40.00 and a fifty-two week high of $78.41. The stock has a fifty day simple moving average of $47.82 and a 200 day simple moving average of $60.13.

Robert Half (NYSE:RHI - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $0.17 EPS 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 analyst estimates of $1.41 billion. Robert Half had a net margin of 4.34% and a return on equity of 17.20%. The firm's revenue was down 8.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.61 EPS. Research analysts predict that Robert Half Inc. will post 2.48 EPS for the current fiscal year.

Robert Half Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 23rd will be given a dividend of $0.59 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $2.36 annualized dividend and a yield of 5.11%. Robert Half's dividend payout ratio (DPR) is presently 118.00%.

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.