Robeco Institutional Asset Management B.V. Sells 9,898 Shares of Robert Half Inc. (NYSE:RHI)

Robeco Institutional Asset Management B.V. lowered its holdings in Robert Half Inc. (NYSE:RHI - Free Report) by 19.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (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 reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Robert Half by 613.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 364 shares of the business services provider's stock worth $25,000 after buying an additional 313 shares in the last quarter. Headlands Technologies LLC bought a new stake in shares of Robert Half during the 4th quarter worth $26,000. Signaturefd LLC boosted its stake 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 worth $31,000 after acquiring an additional 239 shares in the last quarter. CX Institutional acquired a new position in shares of Robert Half in the 1st quarter worth $33,000. Finally, GeoWealth Management LLC acquired a new stake in shares of Robert Half during the fourth quarter worth $35,000. 92.41% of the stock is currently owned by institutional investors.

Robert Half Stock Down 0.4%

Shares of RHI traded down $0.18 during trading hours on Thursday, reaching $42.85. The company's stock had a trading volume of 915,157 shares, compared to its average volume of 1,381,034. The company has a 50 day moving average of $44.27 and a two-hundred day moving average of $54.45. The firm has a market cap of $4.38 billion, a price-to-earnings 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.

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

Robert Half Announces Dividend

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 dividend of $0.59 per share. The ex-dividend date 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 118.00%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Truist Financial set a $55.00 price target on Robert Half and gave the company a "buy" rating in a research report 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 for the company. in a report on Friday, May 2nd. JPMorgan Chase & Co. cut their price target 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. Wall Street Zen upgraded shares of Robert Half from a "sell" rating to a "hold" rating in a research report on Friday, June 6th. Finally, BNP Paribas Exane lowered shares of Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 price objective for the company. in a research note on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $48.71.

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.