Robert Half Inc. (NYSE:RHI) Shares Sold by Alpine Peaks Capital LP

Alpine Peaks Capital LP cut its stake in Robert Half Inc. (NYSE:RHI - Free Report) by 35.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 74,836 shares of the business services provider's stock after selling 41,325 shares during the period. Robert Half comprises about 4.3% of Alpine Peaks Capital LP's holdings, making the stock its 15th largest holding. Alpine Peaks Capital LP owned about 0.07% of Robert Half worth $5,273,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Exchange Traded Concepts LLC lifted its stake in Robert Half by 1.4% during the fourth quarter. Exchange Traded Concepts LLC now owns 12,326 shares of the business services provider's stock worth $868,000 after purchasing an additional 166 shares during the last quarter. Fifth Third Wealth Advisors LLC lifted its position in shares of Robert Half by 5.8% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 3,355 shares of the business services provider's stock worth $236,000 after buying an additional 183 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of Robert Half by 0.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 30,716 shares of the business services provider's stock valued at $2,164,000 after buying an additional 205 shares in the last quarter. Quadrant Capital Group LLC boosted its holdings in shares of Robert Half by 11.3% in the 4th quarter. Quadrant Capital Group LLC now owns 2,155 shares of the business services provider's stock valued at $152,000 after buying an additional 218 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its position in shares of Robert Half by 39.3% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 780 shares of the business services provider's stock valued at $55,000 after buying an additional 220 shares during the last quarter. 92.41% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

RHI has been the topic of several research reports. BNP Paribas raised Robert Half from an "underperform" rating to an "outperform" rating and set a $71.50 price objective on the stock in a report on Monday, February 10th. The Goldman Sachs Group reduced their price objective on Robert Half from $46.00 to $40.00 and set a "sell" rating for the company in a research note on Thursday, April 24th. Truist Financial set a $55.00 target price on shares of Robert Half and gave the stock a "buy" rating in a research report on Thursday. StockNews.com lowered shares of Robert Half from a "buy" rating to a "hold" rating in a research note on Tuesday, April 15th. Finally, Barclays decreased their target price on shares of Robert Half from $50.00 to $45.00 and set an "equal weight" rating for the company in a research note on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, Robert Half has a consensus rating of "Hold" and an average price target of $53.75.

Robert Half Trading Down 0.3 %

Shares of NYSE:RHI traded down $0.13 during midday trading on Tuesday, hitting $44.30. The stock had a trading volume of 478,021 shares, compared to its average volume of 1,493,712. Robert Half Inc. has a 1 year low of $40.00 and a 1 year high of $78.41. The stock has a 50 day moving average price of $52.26 and a two-hundred day moving average price of $63.58. The company has a market capitalization of $4.52 billion, a PE ratio of 18.14 and a beta of 1.13.

Robert Half (NYSE:RHI - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $0.17 earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by ($0.19). The business had revenue of $1.35 billion during 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%. Robert Half'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 EPS. As a group, equities analysts expect that Robert Half Inc. will post 2.48 EPS for the current year.

Robert Half Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Tuesday, February 25th were given a $0.59 dividend. This is a boost from Robert Half's previous quarterly dividend of $0.53. The ex-dividend date was Tuesday, February 25th. This represents a $2.36 annualized dividend and a yield of 5.33%. Robert Half's dividend payout ratio 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.