Vest Financial LLC Sells 22,662 Shares of Robert Half Inc. (NYSE:RHI)

Vest Financial LLC decreased its holdings in Robert Half Inc. (NYSE:RHI - Free Report) by 65.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,740 shares of the business services provider's stock after selling 22,662 shares during the quarter. Vest Financial LLC's holdings in Robert Half were worth $640,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Boston Partners raised its holdings in shares of Robert Half by 17.5% in the fourth quarter. Boston Partners now owns 8,554,276 shares of the business services provider's stock valued at $602,867,000 after buying an additional 1,271,237 shares during the last quarter. Mawer Investment Management Ltd. increased its position in Robert Half by 72.6% in the 4th quarter. Mawer Investment Management Ltd. now owns 8,079,597 shares of the business services provider's stock valued at $569,288,000 after acquiring an additional 3,398,257 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Robert Half by 4.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,433,585 shares of the business services provider's stock worth $241,930,000 after acquiring an additional 148,577 shares during the last quarter. Alliancebernstein L.P. raised its stake in shares of Robert Half by 0.5% in the fourth quarter. Alliancebernstein L.P. now owns 3,217,999 shares of the business services provider's stock worth $226,740,000 after acquiring an additional 17,338 shares during the last quarter. Finally, Fiduciary Management Inc. WI lifted its position in shares of Robert Half by 15.4% during the fourth quarter. Fiduciary Management Inc. WI now owns 2,251,541 shares of the business services provider's stock worth $158,644,000 after purchasing an additional 300,524 shares in the last quarter. Institutional investors and hedge funds own 92.41% of the company's stock.

Robert Half Stock Down 0.4%

NYSE RHI traded down $0.16 on Thursday, reaching $43.84. The company had a trading volume of 1,040,870 shares, compared to its average volume of 1,450,171. The stock has a market cap of $4.48 billion, a price-to-earnings ratio of 17.97 and a beta of 1.04. Robert Half Inc. has a 52 week low of $40.00 and a 52 week high of $78.41. The stock's 50 day moving average is $46.09 and its 200-day moving average is $58.08.

Robert Half (NYSE:RHI - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $0.17 earnings per share 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 firm 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 business earned $0.61 EPS. The firm's revenue was down 8.4% compared to the same quarter last year. As a group, analysts forecast that Robert Half Inc. will post 2.48 EPS for the current 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 issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 5.38%. The ex-dividend date is Friday, May 23rd. Robert Half's dividend payout ratio (DPR) is 118.00%.

Analyst Ratings Changes

Several research firms have recently commented on RHI. Wall Street Zen raised Robert Half from a "sell" rating to a "hold" rating in a research note on Friday, June 6th. Truist Financial set a $55.00 price target on Robert Half and gave the company a "buy" rating in a report on Thursday, April 24th. The Goldman Sachs Group dropped their price objective on Robert Half from $46.00 to $40.00 and set a "sell" rating for the company in a report on Thursday, April 24th. BNP Paribas Exane downgraded shares of Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 target price on the stock. in a research report on Friday, May 2nd. Finally, Barclays reduced their target price on shares of Robert Half from $50.00 to $45.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $48.71.

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.