Robert Half Inc. (NYSE:RHI) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. cut its stake in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 27.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 99,807 shares of the business services provider's stock after selling 38,152 shares during the quarter. Crossmark Global Holdings Inc. owned 0.10% of Robert Half worth $5,444,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in 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 acquiring an additional 313 shares during the period. Headlands Technologies LLC purchased a new position in shares of Robert Half in the fourth quarter valued at $26,000. Signaturefd LLC increased its position in shares of Robert Half by 121.3% in the fourth quarter. Signaturefd LLC now owns 436 shares of the business services provider's stock valued at $31,000 after buying an additional 239 shares in the last quarter. GeoWealth Management LLC purchased a new position in shares of Robert Half in the fourth quarter valued at $35,000. Finally, Orion Capital Management LLC purchased a new position in shares of Robert Half in the fourth quarter valued at $41,000. 92.41% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

RHI has been the subject of a number of research analyst reports. BNP Paribas Exane cut Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 price target for the company. in a research report on Friday, May 2nd. Wall Street Zen upgraded Robert Half from a "sell" rating to a "hold" rating in a research report on Friday, June 6th. JPMorgan Chase & Co. dropped their price objective on Robert Half from $65.00 to $47.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. The Goldman Sachs Group dropped their price objective on Robert Half from $46.00 to $40.00 and set a "sell" rating for the company in a research report on Thursday, April 24th. Finally, Truist Financial set a $55.00 price objective on Robert Half and gave the stock a "buy" rating in a research report on Thursday, April 24th. One investment 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $48.71.

Robert Half Trading Up 0.3%

RHI traded up $0.14 during midday trading on Thursday, hitting $43.04. The company's stock had a trading volume of 663,964 shares, compared to its average volume of 1,651,861. The firm has a market cap of $4.40 billion, a P/E ratio of 21.52 and a beta of 1.00. The firm has a 50-day moving average price of $44.12 and a two-hundred day moving average price of $53.63. Robert Half Inc. has a 52-week low of $39.61 and a 52-week high of $78.41.

Robert Half (NYSE:RHI - Get Free Report) last posted 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). The business 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%. The firm's quarterly revenue was down 8.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.61 EPS. On average, equities analysts expect 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. Stockholders of record on Friday, May 23rd were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 5.48%. The ex-dividend date was Friday, May 23rd. Robert Half's dividend payout ratio is currently 118.00%.

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.