Robeco Institutional Asset Management B.V. Cuts Holdings in Robert Half Inc. (NYSE:RHI)

Robeco Institutional Asset Management B.V. lowered its stake in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 19.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 40,660 shares of the business services provider's stock after selling 9,898 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Robert Half were worth $2,218,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Boston Partners boosted its stake in Robert Half by 17.5% during the fourth quarter. Boston Partners now owns 8,554,276 shares of the business services provider's stock worth $602,867,000 after buying an additional 1,271,237 shares during the last quarter. Mawer Investment Management Ltd. boosted its stake in Robert Half by 72.6% during the fourth quarter. Mawer Investment Management Ltd. now owns 8,079,597 shares of the business services provider's stock worth $569,288,000 after buying an additional 3,398,257 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Robert Half by 4.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,433,585 shares of the business services provider's stock worth $241,930,000 after buying an additional 148,577 shares during the last quarter. Alliancebernstein L.P. boosted its stake in Robert Half by 0.5% during the fourth quarter. Alliancebernstein L.P. now owns 3,217,999 shares of the business services provider's stock worth $226,740,000 after buying an additional 17,338 shares during the last quarter. Finally, Fiduciary Management Inc. WI lifted its stake in shares of Robert Half by 15.4% in the 4th quarter. Fiduciary Management Inc. WI now owns 2,251,541 shares of the business services provider's stock valued at $158,644,000 after purchasing an additional 300,524 shares during the last quarter. Institutional investors and hedge funds own 92.41% of the company's stock.

Robert Half Price Performance

Shares of RHI stock traded down $0.18 on Friday, hitting $42.85. The stock had a trading volume of 915,157 shares, compared to its average volume of 1,380,132. The firm has a market capitalization of $4.38 billion, a P/E ratio of 21.43 and a beta of 1.00. Robert Half Inc. has a 1 year low of $39.61 and a 1 year high of $78.41. The company's 50 day moving average price is $44.25 and its 200-day moving average price is $54.11.

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 (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.19). The firm had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.41 billion. Robert Half had a net margin of 3.62% and a return on equity of 14.54%. Robert Half's quarterly revenue was down 8.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.61 EPS. On average, equities analysts forecast that Robert Half Inc. will post 2.48 EPS for the current year.

Robert Half Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 23rd were issued a $0.59 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $2.36 annualized dividend and a dividend yield of 5.51%. Robert Half's dividend payout ratio is presently 118.00%.

Wall Street Analyst Weigh In

RHI has been the topic of several recent analyst reports. JPMorgan Chase & Co. decreased their price target on Robert Half from $65.00 to $47.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. BNP Paribas lowered 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 Robert Half and gave the company a "buy" rating in a research note on Thursday, April 24th. Wall Street Zen raised Robert Half from a "sell" rating to a "hold" rating in a research note on Friday, June 6th. Finally, BNP Paribas Exane lowered 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. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $48.71.

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.