Brevan Howard Capital Management LP Has $4.48 Million Holdings in Robert Half Inc. (NYSE:RHI)

Brevan Howard Capital Management LP decreased its position in Robert Half Inc. (NYSE:RHI - Free Report) by 27.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 63,568 shares of the business services provider's stock after selling 23,452 shares during the quarter. Brevan Howard Capital Management LP owned 0.06% of Robert Half worth $4,479,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Van ECK Associates Corp grew its holdings in shares of Robert Half by 24.1% during the fourth quarter. Van ECK Associates Corp now owns 85,878 shares of the business services provider's stock worth $6,051,000 after buying an additional 16,668 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of Robert Half by 347.9% during 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 in the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Robert Half by 48.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 794 shares of the business services provider's stock valued at $56,000 after purchasing an additional 258 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Robert Half by 20.5% in the third quarter. JPMorgan Chase & Co. now owns 270,467 shares of the business services provider's stock worth $18,232,000 after purchasing an additional 46,100 shares in the last quarter. Finally, Tributary Capital Management LLC boosted its holdings in Robert Half by 46.3% during the fourth quarter. Tributary Capital Management LLC now owns 13,575 shares of the business services provider's stock worth $956,000 after purchasing an additional 4,299 shares during the last quarter. Institutional investors and hedge funds own 92.41% of the company's stock.

Robert Half Price Performance

Robert Half stock traded down $0.56 during mid-day trading on Friday, hitting $44.77. 729,717 shares of the company's stock traded hands, compared to its average volume of 1,492,678. The firm has a 50 day simple moving average of $49.68 and a two-hundred day simple moving average of $62.22. Robert Half Inc. has a fifty-two week low of $40.00 and a fifty-two week high of $78.41. The stock has a market cap of $4.57 billion, a price-to-earnings ratio of 18.35 and a beta of 1.06.

Robert Half (NYSE:RHI - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The business services provider reported $0.17 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.19). The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.41 billion. Robert Half had a return on equity of 17.20% and a net margin of 4.34%. The business's quarterly revenue was down 8.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.61 EPS. On average, research analysts anticipate that Robert Half Inc. will post 2.48 earnings per share for the current fiscal year.

Robert Half Dividend Announcement

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 issued a dividend of $0.59 per share. The ex-dividend date is Friday, May 23rd. This represents a $2.36 annualized dividend and a yield of 5.27%. Robert Half's payout ratio is currently 118.00%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on RHI shares. The Goldman Sachs Group reduced their price objective on shares of Robert Half from $46.00 to $40.00 and set a "sell" rating for the company in a research note on Thursday, April 24th. StockNews.com downgraded Robert Half from a "buy" rating to a "hold" rating in a research note on Tuesday, April 15th. Truist Financial set a $55.00 price target on Robert Half and gave the stock a "buy" rating in a research report on Thursday, April 24th. BNP Paribas Exane 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 research note on Friday, May 2nd. Finally, Barclays dropped 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 research report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $48.71.

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.