Robert Half Inc. (NYSE:RHI) Shares Sold by Brevan Howard Capital Management LP

Brevan Howard Capital Management LP lessened its position in Robert Half Inc. (NYSE:RHI - Free Report) by 27.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 63,568 shares of the business services provider's stock after selling 23,452 shares during the period. Brevan Howard Capital Management LP owned about 0.06% of Robert Half worth $4,479,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. Barclays PLC grew its stake in shares of Robert Half by 131.6% during the 3rd quarter. Barclays PLC now owns 344,233 shares of the business services provider's stock valued at $23,205,000 after acquiring an additional 195,570 shares during the period. Tidal Investments LLC grew its position in Robert Half by 6.1% in the 3rd quarter. Tidal Investments LLC now owns 13,946 shares of the business services provider's stock valued at $940,000 after acquiring an additional 797 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Robert Half by 20.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 270,467 shares of the business services provider's stock worth $18,232,000 after acquiring an additional 46,100 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Robert Half by 58.9% during the fourth quarter. GAMMA Investing LLC now owns 1,084 shares of the business services provider's stock valued at $76,000 after buying an additional 402 shares during the period. Finally, Fulton Bank N.A. bought a new position in Robert Half during the 4th quarter worth about $274,000. 92.41% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

RHI has been the subject of a number of analyst reports. BNP Paribas Exane cut Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 price objective for the company. in a research note on Friday, May 2nd. Barclays decreased their price target on 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. BNP Paribas lowered Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 price target on the stock. in a research note on Friday, May 2nd. 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 research report on Thursday, April 24th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Robert Half from $65.00 to $47.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Robert Half currently has an average rating of "Hold" and a consensus price target of $48.71.

Robert Half Stock Down 1.2 %

Shares of Robert Half stock traded down $0.56 on Friday, hitting $44.77. 729,717 shares of the company were exchanged, compared to its average volume of 1,495,663. Robert Half Inc. has a 1-year low of $40.00 and a 1-year high of $78.41. The stock has a market capitalization of $4.57 billion, a price-to-earnings ratio of 18.35 and a beta of 1.06. The company has a 50-day moving average price of $49.68 and a 200 day moving average price of $62.19.

Robert Half (NYSE:RHI - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The business services provider reported $0.17 EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.19). Robert Half had a net margin of 4.34% and a return on equity of 17.20%. The business had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.41 billion. During the same quarter in the prior year, the firm earned $0.61 EPS. Robert Half's revenue for the quarter was down 8.4% compared to the same quarter last year. Research analysts forecast that Robert Half Inc. will post 2.48 EPS for the current year.

Robert Half Dividend Announcement

The business also recently announced 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. 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 118.00%.

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.