Robert Half Inc. (NYSE:RHI) Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC reduced its position in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 10.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 236,795 shares of the business services provider's stock after selling 26,423 shares during the quarter. Hsbc Holdings PLC owned about 0.23% of Robert Half worth $16,687,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Robert Half by 613.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 364 shares of the business services provider's stock worth $25,000 after purchasing an additional 313 shares in the last quarter. Headlands Technologies LLC purchased a new position in Robert Half during the fourth quarter valued at approximately $26,000. Signaturefd LLC increased its holdings 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 purchasing an additional 239 shares during the period. Eastern Bank purchased a new stake in shares of Robert Half in the 4th quarter valued at about $35,000. Finally, GeoWealth Management LLC purchased a new position in Robert Half in the 4th quarter worth approximately $35,000. Institutional investors own 92.41% of the company's stock.

Robert Half Stock Performance

RHI traded up $1.10 on Friday, hitting $45.56. The company had a trading volume of 253,439 shares, compared to its average volume of 1,485,303. Robert Half Inc. has a 12-month low of $40.00 and a 12-month high of $78.41. The stock has a fifty day moving average price of $51.31 and a 200-day moving average price of $63.15. The stock has a market capitalization of $4.65 billion, a price-to-earnings ratio of 18.67 and a beta of 1.13.

Robert Half (NYSE:RHI - Get Free Report) last issued its quarterly 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). The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.41 billion. Robert Half had a return on equity of 17.20% and a net margin of 4.34%. Robert Half's quarterly revenue was down 8.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.61 EPS. Analysts forecast that Robert Half Inc. will post 2.48 EPS for the current fiscal year.

Robert Half Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 23rd will be issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 5.18%. Robert Half's payout ratio is currently 118.00%.

Wall Street Analysts Forecast Growth

RHI has been the subject of several analyst reports. StockNews.com lowered shares of Robert Half from a "buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Truist Financial set a $55.00 price target on shares of Robert Half and gave the stock a "buy" rating in a research note 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 for the company in a research report on Thursday, April 24th. BNP Paribas cut shares of Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 target price for the company. in a report on Friday. Finally, The Goldman Sachs Group decreased their price objective on shares of Robert Half from $46.00 to $40.00 and set a "sell" rating for the company in a report on Thursday, April 24th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Robert Half currently has an average rating of "Hold" and an average target price of $49.33.

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.