Robert Half Inc. (NYSE:RHI) Shares Purchased by Principal Financial Group Inc.

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

Several other large investors have also bought and sold shares of RHI. Quadrant Capital Group LLC grew its holdings in Robert Half by 11.3% during the 4th quarter. Quadrant Capital Group LLC now owns 2,155 shares of the business services provider's stock worth $152,000 after acquiring an additional 218 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in Robert Half by 39.3% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 780 shares of the business services provider's stock worth $55,000 after acquiring an additional 220 shares in the last quarter. Signaturefd LLC grew 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 acquiring an additional 239 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in Robert Half by 48.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 794 shares of the business services provider's stock worth $56,000 after acquiring an additional 258 shares in the last quarter. Finally, Treasurer of the State of North Carolina lifted its position in shares of Robert Half by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 44,483 shares of the business services provider's stock valued at $3,134,000 after buying an additional 280 shares during the last quarter. 92.41% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have commented on the stock. Barclays decreased 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. Wall Street Zen raised shares of Robert Half from a "sell" rating to a "hold" rating in a research report on Friday, June 6th. BNP Paribas Exane lowered shares of Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 price target for the company. in a research report on Friday, May 2nd. BNP Paribas lowered shares of 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. decreased their price objective on Robert Half from $65.00 to $47.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. One equities research 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. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $48.71.

Robert Half Price Performance

NYSE RHI traded down $0.92 during trading hours on Friday, hitting $42.01. 1,024,921 shares of the company's stock traded hands, compared to its average volume of 1,403,507. The firm's 50-day moving average is $44.09 and its 200-day moving average is $53.44. Robert Half Inc. has a 52-week low of $39.61 and a 52-week high of $78.41. The company has a market capitalization of $4.29 billion, a PE ratio of 21.00 and a beta of 1.00.

Robert Half (NYSE:RHI - Get Free Report) last announced 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 analysts' expectations of $1.41 billion. Robert Half had a return on equity of 14.54% and a net margin of 3.62%. The business's quarterly revenue was down 8.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.61 EPS. Equities research analysts predict that Robert Half Inc. will post 2.48 earnings per share for the current fiscal year.

Robert Half Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 23rd were issued a $0.59 dividend. The ex-dividend date was Friday, May 23rd. This represents a $2.36 annualized dividend and a dividend yield of 5.62%. Robert Half's dividend payout ratio is currently 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.