Teza Capital Management LLC Sells 22,722 Shares of Robert Half Inc. (NYSE:RHI)

Teza Capital Management LLC decreased its holdings in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 52.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,484 shares of the business services provider's stock after selling 22,722 shares during the quarter. Teza Capital Management LLC's holdings in Robert Half were worth $1,443,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Robert Half by 613.7% during the 4th 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 bought a new position in Robert Half during the 4th quarter worth $26,000. Signaturefd LLC increased its holdings in shares of Robert Half by 121.3% in the 4th quarter. Signaturefd LLC now owns 436 shares of the business services provider's stock worth $31,000 after acquiring an additional 239 shares during the period. GeoWealth Management LLC bought a new stake in shares of Robert Half during the fourth quarter valued at approximately $35,000. Finally, V Square Quantitative Management LLC raised its stake in Robert Half by 70.6% during the 4th quarter. V Square Quantitative Management LLC now owns 679 shares of the business services provider's stock valued at $48,000 after acquiring an additional 281 shares in the last quarter. 92.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on RHI shares. BNP Paribas lowered Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 target price on the stock. in a report on Friday, May 2nd. Barclays lowered their price objective on shares of Robert Half from $50.00 to $45.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 24th. BNP Paribas Exane lowered 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. JPMorgan Chase & Co. reduced their price objective on shares of Robert Half from $65.00 to $47.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. Finally, Truist Financial set a $55.00 target price on Robert Half and gave the company a "buy" rating in a research note on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $48.71.

Robert Half Trading Up 0.8%

Shares of NYSE:RHI traded up $0.38 during trading on Thursday, hitting $45.96. 1,266,133 shares of the company were exchanged, compared to its average volume of 1,498,854. Robert Half Inc. has a fifty-two week low of $40.00 and a fifty-two week high of $78.41. The firm has a fifty day moving average price of $48.63 and a two-hundred day moving average price of $61.07. The stock has a market cap of $4.70 billion, a price-to-earnings ratio of 18.83 and a beta of 1.06.

Robert Half (NYSE:RHI - Get Free Report) last announced its 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). Robert Half had a return on equity of 17.20% and a net margin of 4.34%. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same period in the previous year, the firm posted $0.61 EPS. The business's quarterly revenue was down 8.4% on a year-over-year basis. As a group, research analysts predict that Robert Half Inc. will post 2.48 EPS for the current year.

Robert Half Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 23rd will be issued a dividend of $0.59 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $2.36 annualized dividend and a dividend yield of 5.14%. 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.