Public Employees Retirement System of Ohio Sells 7,739 Shares of Robert Half Inc. (NYSE:RHI)

Public Employees Retirement System of Ohio reduced its position in Robert Half Inc. (NYSE:RHI - Free Report) by 15.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,798 shares of the business services provider's stock after selling 7,739 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Robert Half were worth $2,945,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of RHI. Van ECK Associates Corp boosted its position in shares of Robert Half by 24.1% during the fourth quarter. Van ECK Associates Corp now owns 85,878 shares of the business services provider's stock worth $6,051,000 after acquiring an additional 16,668 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Robert Half by 48.1% during the fourth 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 during the last quarter. Allworth Financial LP boosted its position in shares of Robert Half by 73.4% during the fourth quarter. Allworth Financial LP now owns 808 shares of the business services provider's stock worth $57,000 after acquiring an additional 342 shares during the last quarter. HighTower Advisors LLC boosted its position in shares of Robert Half by 2.4% during the fourth quarter. HighTower Advisors LLC now owns 36,911 shares of the business services provider's stock worth $2,601,000 after acquiring an additional 863 shares during the last quarter. Finally, Atria Investments Inc raised its stake in Robert Half by 35.5% during the fourth quarter. Atria Investments Inc now owns 4,168 shares of the business services provider's stock valued at $294,000 after purchasing an additional 1,093 shares in the last quarter. 92.41% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. BNP Paribas Exane downgraded shares of 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. Truist Financial set a $55.00 price target on shares of Robert Half and gave the stock a "buy" rating in a research note on Thursday, April 24th. BNP Paribas cut shares of 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. Wall Street Zen cut shares of Robert Half from a "hold" rating to a "sell" rating in a report on Saturday, May 24th. Finally, The Goldman Sachs Group dropped 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. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $48.71.

Robert Half Stock Performance

Robert Half stock traded up $0.02 during midday trading on Wednesday, hitting $44.87. 202,044 shares of the company's stock were exchanged, compared to its average volume of 1,488,773. Robert Half Inc. has a 12 month low of $40.00 and a 12 month high of $78.41. The company has a market cap of $4.58 billion, a PE ratio of 18.39 and a beta of 1.06. The firm has a 50-day moving average of $47.11 and a two-hundred day moving average of $59.18.

Robert Half (NYSE:RHI - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $0.17 earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by ($0.19). Robert Half had a net margin of 4.34% and a return on equity of 17.20%. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter in the prior year, the business posted $0.61 earnings per share. The firm's quarterly revenue was down 8.4% on a year-over-year basis. As a group, equities analysts expect that Robert Half Inc. will post 2.48 earnings per share for the current year.

Robert Half Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 23rd will be issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 5.26%. The ex-dividend date of this dividend is Friday, May 23rd. Robert Half's dividend payout ratio is currently 118.00%.

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.