Numerai GP LLC cut its stake in Robert Half Inc. (NYSE:RHI - Free Report) by 82.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,412 shares of the business services provider's stock after selling 25,937 shares during the period. Numerai GP LLC's holdings in Robert Half were worth $381,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Van ECK Associates Corp grew its stake in Robert Half by 24.1% in the 4th quarter. Van ECK Associates Corp now owns 85,878 shares of the business services provider's stock worth $6,051,000 after acquiring an additional 16,668 shares during the period. SG Americas Securities LLC grew its stake in Robert Half by 347.9% in the 4th quarter. SG Americas Securities LLC now owns 16,586 shares of the business services provider's stock worth $1,169,000 after acquiring an additional 12,883 shares during the period. Smartleaf Asset Management LLC grew its stake in 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 during the period. Tributary Capital Management LLC grew its stake in Robert Half by 46.3% in the 4th quarter. Tributary Capital Management LLC now owns 13,575 shares of the business services provider's stock worth $956,000 after acquiring an additional 4,299 shares during the period. Finally, Allworth Financial LP grew its stake in Robert Half by 73.4% in the 4th quarter. Allworth Financial LP now owns 808 shares of the business services provider's stock worth $57,000 after acquiring an additional 342 shares during the period. 92.41% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of brokerages have weighed in on RHI. Truist Financial set a $55.00 price target on shares of Robert Half and gave the company a "buy" rating in a report on Thursday, April 24th. StockNews.com lowered shares of Robert Half from a "buy" rating to a "hold" rating in a report on Tuesday, April 15th. The Goldman Sachs Group decreased their price target 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. Barclays decreased their price target on shares of Robert Half from $50.00 to $45.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. Finally, BNP Paribas Exane lowered shares of Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 price target on the stock. in a report on Friday, May 2nd. One 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. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $48.71.
Check Out Our Latest Research Report on RHI
Robert Half Stock Performance
Shares of NYSE:RHI traded up $0.17 during midday trading on Monday, hitting $48.16. 988,730 shares of the company's stock traded hands, compared to its average volume of 1,497,534. The company has a market cap of $4.92 billion, a PE ratio of 19.74 and a beta of 1.06. The firm's fifty day moving average price is $48.97 and its two-hundred day moving average price is $61.41. Robert Half Inc. has a twelve month low of $40.00 and a twelve month high of $78.41.
Robert Half (NYSE:RHI - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $0.17 earnings per share (EPS) 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 analysts' expectations of $1.41 billion. During the same period last year, the firm earned $0.61 EPS. The business's quarterly revenue was down 8.4% on a year-over-year basis. As a group, equities research analysts anticipate that Robert Half Inc. will post 2.48 EPS for the current fiscal year.
Robert Half Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 23rd will be paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 4.90%. The ex-dividend date of this dividend is Friday, May 23rd. Robert Half's dividend payout ratio (DPR) is 118.00%.
Robert Half Profile
(
Free Report)
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.
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