Miller Howard Investments Inc. NY reduced its stake in Robert Half Inc. (NYSE:RHI - Free Report) by 22.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 422,936 shares of the business services provider's stock after selling 120,796 shares during the quarter. Miller Howard Investments Inc. NY owned about 0.41% of Robert Half worth $23,071,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in RHI. Quadrant Capital Group LLC raised its holdings in Robert Half by 11.3% during the 4th quarter. Quadrant Capital Group LLC now owns 2,155 shares of the business services provider's stock worth $152,000 after purchasing an additional 218 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its position in shares of Robert Half by 39.3% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 780 shares of the business services provider's stock worth $55,000 after buying an additional 220 shares during the period. Signaturefd LLC raised its stake in Robert Half by 121.3% during the fourth quarter. Signaturefd LLC now owns 436 shares of the business services provider's stock worth $31,000 after buying an additional 239 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in 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 buying an additional 258 shares during the period. Finally, Isthmus Partners LLC boosted its position in Robert Half by 3.3% during the fourth quarter. Isthmus Partners LLC now owns 8,176 shares of the business services provider's stock valued at $576,000 after acquiring an additional 264 shares during the last quarter. 92.41% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts have recently issued reports on RHI shares. JPMorgan Chase & Co. dropped their price objective on Robert Half from $65.00 to $47.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. The Goldman Sachs Group dropped their price objective 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. BNP Paribas Exane cut shares of Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 price objective on the stock. in a research report on Friday, May 2nd. Wall Street Zen raised Robert Half from a "sell" rating to a "hold" rating in a research report on Friday, June 6th. Finally, Truist Financial set a $55.00 price target on Robert Half and gave the stock a "buy" rating in a report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $48.71.
Check Out Our Latest Analysis on Robert Half
Robert Half Trading Down 0.4%
NYSE RHI traded down $0.18 during trading hours on Friday, hitting $42.85. The company's stock had a trading volume of 915,157 shares, compared to its average volume of 1,380,132. The company's 50-day simple moving average is $44.25 and its two-hundred day simple moving average is $54.11. The company has a market capitalization of $4.38 billion, a PE ratio of 21.43 and a beta of 1.00. 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 announced its earnings results on Wednesday, April 23rd. The business services provider reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.19). The company had revenue of $1.35 billion for 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% on a year-over-year basis. During the same period in the previous year, the firm earned $0.61 EPS. Research analysts anticipate that Robert Half Inc. will post 2.48 EPS for the current fiscal year.
Robert Half Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 23rd were paid a $0.59 dividend. 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 payout ratio is 118.00%.
About Robert Half
(
Free Report)
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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