Rhumbline Advisers cut its holdings in Robert Half Inc. (NYSE:RHI - Free Report) by 3.8% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 273,552 shares of the business services provider's stock after selling 10,700 shares during the period. Rhumbline Advisers owned approximately 0.27% of Robert Half worth $14,922,000 as of its most recent filing with the SEC.
A number of other hedge funds have also bought and sold shares of the business. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Robert Half by 613.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 364 shares of the business services provider's stock valued at $25,000 after buying an additional 313 shares in the last quarter. Headlands Technologies LLC acquired a new position in Robert Half in the 4th quarter valued at $26,000. Signaturefd LLC lifted its position in shares of Robert Half by 121.3% during the 4th quarter. Signaturefd LLC now owns 436 shares of the business services provider's stock valued at $31,000 after acquiring an additional 239 shares during the period. GeoWealth Management LLC acquired a new stake in shares of Robert Half during the 4th quarter worth $35,000. Finally, Orion Capital Management LLC bought a new position in shares of Robert Half in the fourth quarter worth $41,000. 92.41% of the stock is owned by institutional investors.
Robert Half Stock Down 0.4%
Shares of RHI stock traded down $0.16 during trading hours on Thursday, hitting $43.84. 1,040,870 shares of the company's stock traded hands, compared to its average volume of 1,450,171. The stock has a market cap of $4.48 billion, a PE ratio of 17.97 and a beta of 1.04. The stock's 50 day simple moving average is $46.09 and its 200 day simple moving average is $58.08. Robert Half Inc. has a 12 month low of $40.00 and a 12 month high of $78.41.
Robert Half (NYSE:RHI - Get Free Report) last posted its quarterly earnings data 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). The company had revenue of $1.35 billion during 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 business's revenue for the quarter was down 8.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.61 earnings per share. As a group, equities research analysts expect that Robert Half Inc. will post 2.48 EPS for the current fiscal 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 given a $0.59 dividend. The ex-dividend date is Friday, May 23rd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 5.38%. Robert Half's dividend payout ratio (DPR) is currently 118.00%.
Analyst Upgrades and Downgrades
RHI has been the topic of several recent analyst reports. JPMorgan Chase & Co. decreased their target price on shares of 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 Exane cut Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 target price on the stock. in a research report on Friday, May 2nd. The Goldman Sachs Group dropped their target price on shares of Robert Half from $46.00 to $40.00 and set a "sell" rating for the company in a report on Thursday, April 24th. Barclays decreased their price target on shares of Robert Half from $50.00 to $45.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. Finally, BNP Paribas downgraded shares of Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 price target for the company. in a report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $48.71.
Check Out Our Latest Analysis 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.
Further Reading
Before you consider Robert Half, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Robert Half wasn't on the list.
While Robert Half currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
