Robert Half Inc. (NYSE:RHI) Shares Sold by Capital Research Global Investors

Capital Research Global Investors decreased its holdings in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 4.9% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 3,802,685 shares of the business services provider's stock after selling 196,158 shares during the period. Capital Research Global Investors owned approximately 3.68% of Robert Half worth $267,937,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Van ECK Associates Corp grew its position in Robert Half by 24.1% during the 4th quarter. Van ECK Associates Corp now owns 85,878 shares of the business services provider's stock worth $6,051,000 after purchasing an additional 16,668 shares during the period. SG Americas Securities LLC lifted its holdings in Robert Half by 347.9% during the fourth quarter. SG Americas Securities LLC now owns 16,586 shares of the business services provider's stock valued at $1,169,000 after purchasing an additional 12,883 shares in the last quarter. Smartleaf Asset Management LLC lifted 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 valued at $56,000 after buying an additional 258 shares in 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 valued at $18,232,000 after acquiring an additional 46,100 shares in the last quarter. Finally, Tributary Capital Management LLC boosted its stake in shares of Robert Half by 46.3% in the fourth 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 last quarter. Hedge funds and other institutional investors own 92.41% of the company's stock.

Analyst Ratings Changes

RHI has been the topic of a number of research reports. StockNews.com lowered Robert Half from a "buy" rating to a "hold" rating in a report on Tuesday, April 15th. JPMorgan Chase & Co. decreased their price target on shares of Robert Half from $65.00 to $47.00 and set a "neutral" rating on the stock in a research note on Thursday. The Goldman Sachs Group decreased their target price on shares of Robert Half from $46.00 to $40.00 and set a "sell" rating on the stock in a research note on Thursday. Truist Financial set a $55.00 price target on Robert Half and gave the company a "buy" rating in a research report on Thursday. Finally, Barclays reduced their price objective on Robert Half from $50.00 to $45.00 and set an "equal weight" rating on the stock in a research report on Thursday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $57.36.

Robert Half Stock Down 3.3 %

Shares of RHI traded down $1.47 during trading on Friday, reaching $43.54. 1,495,082 shares of the company traded hands, compared to its average volume of 1,486,786. The stock has a market cap of $4.44 billion, a PE ratio of 17.86 and a beta of 1.13. The stock has a 50-day simple moving average of $52.89 and a 200-day simple moving average of $63.94. 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 posted its quarterly earnings data 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). The firm 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%. During the same quarter in the prior year, the firm posted $0.61 EPS. On average, equities research analysts predict that Robert Half Inc. will post 2.48 EPS for the current year.

Robert Half Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Tuesday, February 25th were issued a dividend of $0.59 per share. The ex-dividend date was Tuesday, February 25th. This is a positive change from Robert Half's previous quarterly dividend of $0.53. This represents a $2.36 dividend on an annualized basis and a yield of 5.42%. Robert Half's dividend payout ratio is 96.72%.

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.