Siemens Fonds Invest GmbH Increases Holdings in Robert Half Inc. (NYSE:RHI)

Siemens Fonds Invest GmbH boosted its stake in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 29.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,659 shares of the business services provider's stock after purchasing an additional 7,039 shares during the quarter. Siemens Fonds Invest GmbH's holdings in Robert Half were worth $2,157,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake 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 buying an additional 313 shares during the last quarter. Headlands Technologies LLC purchased a new stake in Robert Half in the fourth quarter valued at about $26,000. Signaturefd LLC raised its stake in 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 during the last quarter. GeoWealth Management LLC purchased a new stake in Robert Half in the fourth quarter valued at about $35,000. Finally, Orion Capital Management LLC purchased a new stake in Robert Half in the fourth quarter valued at about $41,000. Institutional investors own 92.41% of the company's stock.

Robert Half Trading Down 1.4%

RHI traded down $0.67 during trading on Friday, hitting $45.75. The company's stock had a trading volume of 1,110,107 shares, compared to its average volume of 1,441,228. Robert Half Inc. has a twelve month low of $40.00 and a twelve month high of $78.41. The business's fifty day simple moving average is $47.50 and its 200 day simple moving average is $59.48. The firm has a market capitalization of $4.67 billion, a price-to-earnings ratio of 18.75 and a beta of 1.06.

Robert Half (NYSE:RHI - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $0.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by ($0.19). The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.41 billion. Robert Half had a return on equity of 17.20% and a net margin of 4.34%. The business's revenue was down 8.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.61 earnings per share. As a group, equities research analysts forecast that Robert Half Inc. will post 2.48 earnings per share for the current fiscal year.

Robert Half Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 23rd will be paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 5.16%. The ex-dividend date is Friday, May 23rd. Robert Half's dividend payout ratio is presently 118.00%.

Analyst Ratings Changes

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