Robert Half Inc. (NYSE:RHI) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 6.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 488,334 shares of the business services provider's stock after selling 35,527 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.47% of Robert Half worth $34,408,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of RHI. Barclays PLC boosted its position in Robert Half by 131.6% during the third quarter. Barclays PLC now owns 344,233 shares of the business services provider's stock worth $23,205,000 after acquiring an additional 195,570 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in Robert Half by 0.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 30,716 shares of the business services provider's stock worth $2,164,000 after purchasing an additional 205 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of Robert Half by 347.9% during the 4th quarter. SG Americas Securities LLC now owns 16,586 shares of the business services provider's stock worth $1,169,000 after purchasing an additional 12,883 shares during the last quarter. Janney Montgomery Scott LLC grew its position in shares of Robert Half by 9.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 4,571 shares of the business services provider's stock valued at $322,000 after purchasing an additional 390 shares in the last quarter. Finally, Exchange Traded Concepts LLC increased its holdings in shares of Robert Half by 1.4% in the fourth quarter. Exchange Traded Concepts LLC now owns 12,326 shares of the business services provider's stock valued at $868,000 after purchasing an additional 166 shares during the last quarter. Hedge funds and other institutional investors own 92.41% of the company's stock.

Robert Half Stock Down 1.3%

RHI stock traded down $0.63 during mid-day trading on Wednesday, hitting $45.89. 844,275 shares of the company were exchanged, compared to its average volume of 1,489,076. The firm has a market capitalization of $4.69 billion, a P/E ratio of 18.81 and a beta of 1.06. The business has a fifty day simple moving average of $47.82 and a 200-day simple moving average of $60.13. 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 issued its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $0.17 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.19). Robert Half had a net margin of 4.34% and a return on equity of 17.20%. The business had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.41 billion. During the same period in the prior year, the business earned $0.61 EPS. The business's quarterly revenue was down 8.4% on a year-over-year basis. Research analysts predict that Robert Half Inc. will post 2.48 EPS for the current year.

Robert Half Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 23rd will be issued a dividend of $0.59 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $2.36 annualized dividend and a yield of 5.14%. Robert Half's dividend payout ratio (DPR) is 118.00%.

Analyst Upgrades and Downgrades

RHI has been the topic of a number of recent research reports. BNP Paribas Exane lowered Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 price objective on the stock. in a research note on Friday, May 2nd. BNP Paribas cut 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 report on Friday, May 2nd. Wall Street Zen cut shares of Robert Half from a "hold" rating to a "sell" rating in a research report on Saturday. JPMorgan Chase & Co. reduced their target price on shares of Robert Half from $65.00 to $47.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. Finally, The Goldman Sachs Group dropped their price target on shares of Robert Half from $46.00 to $40.00 and set a "sell" rating for the company in a research note on Thursday, April 24th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $48.71.

Robert Half 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.