Wellington Management Group LLP Grows Position in Robert Half Inc. (NYSE:RHI)

Wellington Management Group LLP increased its position in Robert Half Inc. (NYSE:RHI - Free Report) by 293.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 831,359 shares of the business services provider's stock after acquiring an additional 619,982 shares during the quarter. Wellington Management Group LLP owned about 0.81% of Robert Half worth $58,578,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Van ECK Associates Corp lifted its position in Robert Half by 24.1% in the fourth quarter. Van ECK Associates Corp now owns 85,878 shares of the business services provider's stock valued at $6,051,000 after purchasing an additional 16,668 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in shares of Robert Half by 48.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 794 shares of the business services provider's stock worth $56,000 after acquiring an additional 258 shares in the last quarter. Allworth Financial LP grew its position in Robert Half by 73.4% during the 4th quarter. Allworth Financial LP now owns 808 shares of the business services provider's stock valued at $57,000 after purchasing an additional 342 shares during the last quarter. HighTower Advisors LLC grew its position in Robert Half by 2.4% during the 4th quarter. HighTower Advisors LLC now owns 36,911 shares of the business services provider's stock valued at $2,601,000 after purchasing an additional 863 shares during the last quarter. Finally, Atria Investments Inc grew its stake in shares of Robert Half by 35.5% in the fourth quarter. Atria Investments Inc now owns 4,168 shares of the business services provider's stock worth $294,000 after acquiring an additional 1,093 shares during the period. Hedge funds and other institutional investors own 92.41% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on RHI shares. BNP Paribas downgraded shares of Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 price objective on the stock. in a report on Friday, May 2nd. 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. Truist Financial set a $55.00 price objective on shares of Robert Half and gave the stock a "buy" rating in a report on Thursday, April 24th. JPMorgan Chase & Co. lowered their price target on shares of Robert Half from $65.00 to $47.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Finally, BNP Paribas Exane cut shares of Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 price target on the stock. in a research report on Friday, May 2nd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $48.71.

Robert Half Stock Performance

RHI stock traded up $0.13 during mid-day trading on Tuesday, reaching $44.94. 506,329 shares of the stock traded hands, compared to its average volume of 1,436,904. Robert Half Inc. has a one year low of $40.00 and a one year high of $78.41. The stock has a market capitalization of $4.59 billion, a PE ratio of 18.42 and a beta of 1.06. The business has a 50-day moving average price of $47.31 and a two-hundred day moving average price of $59.28.

Robert Half (NYSE:RHI - Get Free Report) last issued its 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 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 4.34% and a return on equity of 17.20%. The firm's revenue for the quarter was down 8.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.61 earnings per share. On average, equities analysts expect that Robert Half Inc. will post 2.48 earnings per share for the current fiscal year.

Robert Half Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors 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 yield of 5.25%. The ex-dividend date is Friday, May 23rd. Robert Half's dividend payout ratio (DPR) is presently 118.00%.

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.