Worldquant Millennium Advisors LLC Decreases Stock Position in Robert Half Inc. (NYSE:RHI)

Worldquant Millennium Advisors LLC decreased its holdings in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 67.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,420 shares of the business services provider's stock after selling 50,256 shares during the quarter. Worldquant Millennium Advisors LLC's holdings in Robert Half were worth $1,721,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Robert Half by 613.7% during 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 purchasing an additional 313 shares during the period. Headlands Technologies LLC purchased a new stake in shares of Robert Half in the fourth quarter worth $26,000. Signaturefd LLC grew its stake in shares of Robert Half by 121.3% in the fourth 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 last quarter. GeoWealth Management LLC purchased a new stake in shares of Robert Half during the fourth quarter valued at $35,000. Finally, V Square Quantitative Management LLC boosted its position in shares of Robert Half by 70.6% during the fourth quarter. V Square Quantitative Management LLC now owns 679 shares of the business services provider's stock valued at $48,000 after buying an additional 281 shares during the last quarter. Hedge funds and other institutional investors own 92.41% of the company's stock.

Robert Half Trading Down 0.9%

Shares of RHI stock traded down $0.42 during mid-day trading on Wednesday, reaching $46.11. The stock had a trading volume of 173,314 shares, compared to its average volume of 1,487,006. The firm has a market cap of $4.71 billion, a price-to-earnings ratio of 18.91 and a beta of 1.06. Robert Half Inc. has a 1-year low of $40.00 and a 1-year high of $78.41. The business's fifty day moving average is $47.97 and its 200-day moving average is $60.22.

Robert Half (NYSE:RHI - Get Free Report) last released its earnings results 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 net margin of 4.34% and a return on equity of 17.20%. The firm had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.41 billion. During the same quarter last year, the business earned $0.61 EPS. The business's revenue was down 8.4% compared to the same quarter last year. On average, analysts forecast that Robert Half Inc. will post 2.48 earnings per share for the current year.

Robert Half Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 23rd will be paid 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 yield of 5.12%. Robert Half's dividend payout ratio (DPR) is 118.00%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on RHI shares. Barclays decreased their price objective on 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. JPMorgan Chase & Co. reduced their price objective on Robert Half from $65.00 to $47.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. Truist Financial set a $55.00 price objective on Robert Half and gave the stock a "buy" rating in a research note on Thursday, April 24th. BNP Paribas Exane downgraded 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, 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. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Robert Half currently has a consensus rating of "Hold" and a consensus price target 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.