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

Crossmark Global Holdings Inc. lowered its holdings in Robert Half Inc. (NYSE:RHI - Free Report) by 27.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 99,807 shares of the business services provider's stock after selling 38,152 shares during the period. Crossmark Global Holdings Inc. owned approximately 0.10% of Robert Half worth $5,444,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in RHI. Quadrant Capital Group LLC boosted its stake in shares of Robert Half by 11.3% in the fourth quarter. Quadrant Capital Group LLC now owns 2,155 shares of the business services provider's stock valued at $152,000 after purchasing an additional 218 shares during the period. Nomura Asset Management Co. Ltd. boosted its stake in shares of Robert Half by 39.3% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 780 shares of the business services provider's stock valued at $55,000 after purchasing an additional 220 shares during the period. Signaturefd LLC boosted its stake 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 purchasing an additional 239 shares during the period. Smartleaf Asset Management LLC boosted its stake in shares of Robert Half by 48.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 794 shares of the business services provider's stock valued at $56,000 after purchasing an additional 258 shares during the period. Finally, Treasurer of the State of North Carolina boosted its stake in shares of Robert Half by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 44,483 shares of the business services provider's stock valued at $3,134,000 after purchasing an additional 280 shares during the period. Institutional investors and hedge funds own 92.41% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on RHI. BNP Paribas downgraded shares of Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 target price for the company. in a research note on Friday, May 2nd. BNP Paribas Exane downgraded shares of Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 target price for the company. in a research note on Friday, May 2nd. The Goldman Sachs Group cut their price target on shares of Robert Half from $46.00 to $40.00 and set a "sell" rating on the stock in a report on Thursday, April 24th. 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. Finally, Barclays cut their price target on shares of Robert Half from $50.00 to $45.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $48.71.

Robert Half Stock Performance

Shares of NYSE:RHI opened at $42.52 on Wednesday. The stock has a market capitalization of $4.34 billion, a price-to-earnings ratio of 21.26 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 fifty day moving average is $44.15 and its two-hundred day moving average is $53.70.

Robert Half (NYSE:RHI - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The business services provider reported $0.17 earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by ($0.19). The business 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 firm's revenue for the quarter was down 8.4% on a year-over-year basis. During the same period last year, the company posted $0.61 earnings per share. Sell-side analysts expect that Robert Half Inc. will post 2.48 EPS for the current fiscal year.

Robert Half Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 23rd were issued a dividend of $0.59 per share. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 5.55%. Robert Half's dividend payout ratio (DPR) is 118.00%.

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.

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