Vanguard Group Inc. Has $592.62 Million Stock Position in Robert Half Inc. $RHI

Vanguard Group Inc. decreased its holdings in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 7.1% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,863,749 shares of the business services provider's stock after selling 836,429 shares during the quarter. Vanguard Group Inc. owned 10.63% of Robert Half worth $592,618,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in RHI. GeoWealth Management LLC acquired a new position in Robert Half in the fourth quarter valued at approximately $35,000. Orion Capital Management LLC acquired a new stake in shares of Robert Half during the 4th quarter valued at about $41,000. CX Institutional acquired a new position in shares of Robert Half during the 1st quarter worth approximately $33,000. Manchester Capital Management LLC lifted its position in shares of Robert Half by 45.0% during the 1st quarter. Manchester Capital Management LLC now owns 825 shares of the business services provider's stock valued at $45,000 after buying an additional 256 shares in the last quarter. Finally, Allworth Financial LP raised its position in Robert Half by 80.4% during the first quarter. Allworth Financial LP now owns 1,458 shares of the business services provider's stock worth $80,000 after acquiring an additional 650 shares during the period. Hedge funds and other institutional investors own 92.41% of the company's stock.

Robert Half Stock Down 0.9%

Robert Half stock traded down $0.33 during mid-day trading on Monday, hitting $36.01. 305,675 shares of the company's stock traded hands, compared to its average volume of 1,715,085. The firm has a 50 day moving average price of $40.18 and a 200 day moving average price of $47.50. The company has a market cap of $3.66 billion, a PE ratio of 20.56 and a beta of 1.02. Robert Half Inc. has a one year low of $33.18 and a one year high of $78.41.

Robert Half (NYSE:RHI - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The business services provider reported $0.41 EPS for the quarter, topping the consensus estimate of $0.40 by $0.01. Robert Half had a net margin of 3.20% and a return on equity of 13.00%. The company had revenue of $1.37 billion during the quarter, compared to analysts' expectations of $1.35 billion. During the same period last year, the company posted $0.66 earnings per share. The business's revenue for the quarter was down 7.0% on a year-over-year basis. On average, analysts expect that Robert Half Inc. will post 2.48 earnings per share for the current fiscal year.

Robert Half Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, August 25th will be given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 6.6%. The ex-dividend date is Monday, August 25th. Robert Half's dividend payout ratio (DPR) is presently 134.86%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on RHI shares. Truist Financial set a $55.00 price objective on shares of Robert Half and gave the company a "buy" rating in a research note on Thursday, April 24th. Barclays reduced their price objective on 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. The Goldman Sachs Group lowered their price objective on Robert Half from $46.00 to $40.00 and set a "sell" rating on the stock in a report on Thursday, April 24th. Wall Street Zen upgraded Robert Half from a "sell" rating to a "hold" rating in a research report on Sunday, August 3rd. Finally, 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. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $45.83.

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.