Crossmark Global Holdings Inc. Trims Position in Robert Half Inc. (NYSE:RHI)

Crossmark Global Holdings Inc. reduced its position 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 & Exchange Commission. The firm owned 99,807 shares of the business services provider's stock after selling 38,152 shares during the period. Crossmark Global Holdings Inc. owned about 0.10% of Robert Half worth $5,444,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Boston Partners boosted its holdings in Robert Half by 17.5% during the 4th quarter. Boston Partners now owns 8,554,276 shares of the business services provider's stock valued at $602,867,000 after acquiring an additional 1,271,237 shares during the period. Mawer Investment Management Ltd. grew its position in Robert Half by 72.6% in the 4th quarter. Mawer Investment Management Ltd. now owns 8,079,597 shares of the business services provider's stock valued at $569,288,000 after acquiring an additional 3,398,257 shares in the last quarter. Alliancebernstein L.P. grew its position in Robert Half by 0.5% in the 4th quarter. Alliancebernstein L.P. now owns 3,217,999 shares of the business services provider's stock valued at $226,740,000 after acquiring an additional 17,338 shares in the last quarter. Fiduciary Management Inc. WI grew its position in 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 acquiring an additional 300,524 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Robert Half by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 2,109,561 shares of the business services provider's stock valued at $148,677,000 after acquiring an additional 53,294 shares in the last quarter. 92.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on RHI shares. Wall Street Zen upgraded shares of Robert Half from a "sell" rating to a "hold" rating in a research note on Friday, June 6th. Truist Financial set a $55.00 price target on shares of Robert Half and gave the stock a "buy" rating in a research note on Thursday, April 24th. BNP Paribas Exane 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 research note on Friday, May 2nd. Barclays dropped their price target on shares of Robert Half from $50.00 to $45.00 and set an "equal weight" rating for the company 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. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $48.71.

Robert Half Trading Up 0.7%

Shares of RHI stock traded up $0.29 on Wednesday, reaching $42.82. 2,361,290 shares of the stock were exchanged, compared to its average volume of 1,405,487. The business's 50 day moving average price is $44.15 and its 200 day moving average price is $53.70. The company has a market capitalization of $4.37 billion, a price-to-earnings ratio of 21.41 and a beta of 1.00. Robert Half Inc. has a twelve month low of $39.61 and a twelve month high of $78.41.

Robert Half (NYSE:RHI - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The business services provider reported $0.17 EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.19). The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.41 billion. Robert Half had a return on equity of 14.54% and a net margin of 3.62%. 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 firm posted $0.61 EPS. Equities research analysts forecast that Robert Half Inc. will post 2.48 earnings per share for the current year.

Robert Half Announces Dividend

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

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.