Robert Half Inc. (NYSE:RHI) Stake Lifted by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its stake in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 1.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 498,617 shares of the business services provider's stock after buying an additional 6,844 shares during the quarter. Principal Financial Group Inc. owned 0.49% of Robert Half worth $27,200,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Robert Half by 613.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 364 shares of the business services provider's stock worth $25,000 after purchasing an additional 313 shares during the last quarter. Headlands Technologies LLC purchased a new stake in Robert Half during the 4th quarter worth approximately $26,000. Signaturefd LLC increased its holdings in Robert Half by 121.3% during the 4th quarter. Signaturefd LLC now owns 436 shares of the business services provider's stock worth $31,000 after purchasing an additional 239 shares during the last quarter. GeoWealth Management LLC purchased a new stake in Robert Half during the 4th quarter worth approximately $35,000. Finally, Orion Capital Management LLC purchased a new stake in Robert Half during the 4th quarter worth approximately $41,000. 92.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on RHI shares. BNP Paribas downgraded Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 price objective on the stock. in a report on Friday, May 2nd. The Goldman Sachs Group dropped their price objective on Robert Half from $46.00 to $40.00 and set a "sell" rating on the stock in a report on Thursday, April 24th. BNP Paribas Exane downgraded Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 price objective on the stock. in a report on Friday, May 2nd. Barclays decreased their target price on 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. Finally, JPMorgan Chase & Co. decreased their target price 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 investment analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $48.71.

Robert Half Stock Up 0.5%

Shares of RHI traded up $0.21 during mid-day trading on Thursday, hitting $43.11. The stock had a trading volume of 587,610 shares, compared to its average volume of 1,399,472. The company has a market cap of $4.40 billion, a PE ratio of 21.55 and a beta of 1.00. The company's fifty day simple moving average is $44.12 and its two-hundred day simple moving average is $53.63. Robert Half Inc. has a fifty-two week low of $39.61 and a fifty-two week high of $78.41.

Robert Half (NYSE:RHI - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $0.17 earnings per share (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 3.62% and a return on equity of 14.54%. The company's revenue for the quarter was down 8.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.61 EPS. Equities analysts expect that Robert Half Inc. will post 2.48 earnings per share for the current year.

Robert Half Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 23rd were paid a dividend of $0.59 per share. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $2.36 dividend on an annualized basis and a yield of 5.47%. Robert Half's payout ratio is currently 118.00%.

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.