Ensign Peak Advisors Inc cut its stake in Robert Half Inc. (NYSE:RHI - Free Report) by 18.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 30,320 shares of the business services provider's stock after selling 7,080 shares during the period. Ensign Peak Advisors Inc's holdings in Robert Half were worth $2,136,000 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. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Robert Half by 613.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 364 shares of the business services provider's stock worth $25,000 after purchasing an additional 313 shares in the last quarter. Headlands Technologies LLC purchased a new position in shares of Robert Half during the 4th quarter worth approximately $26,000. Signaturefd LLC increased its stake in shares of Robert Half by 121.3% during the 4th quarter. Signaturefd LLC now owns 436 shares of the business services provider's stock worth $31,000 after purchasing an additional 239 shares in the last quarter. Eastern Bank purchased a new position in shares of Robert Half during the 4th quarter worth approximately $35,000. Finally, GeoWealth Management LLC purchased a new position in shares of Robert Half during the 4th quarter worth approximately $35,000. 92.41% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
RHI has been the topic of a number of analyst reports. Barclays decreased their target price 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. JPMorgan Chase & Co. decreased 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. BNP Paribas lowered shares of Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 target price on the stock. in a research report on Friday, May 2nd. 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 report on Thursday, April 24th. Finally, StockNews.com lowered shares of Robert Half from a "buy" rating to a "hold" rating in a report on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, Robert Half presently has a consensus rating of "Hold" and an average target price of $48.71.
Check Out Our Latest Stock Report on Robert Half
Robert Half Trading Up 0.4%
RHI stock traded up $0.17 during trading on Monday, reaching $48.16. The stock had a trading volume of 988,730 shares, compared to its average volume of 1,497,534. The firm has a fifty day moving average price of $48.97 and a 200 day moving average price of $61.41. The company has a market capitalization of $4.92 billion, a P/E ratio of 19.74 and a beta of 1.06. Robert Half Inc. has a 1-year low of $40.00 and a 1-year high of $78.41.
Robert Half (NYSE:RHI - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The business services provider reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.19). The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.41 billion. Robert Half had a net margin of 4.34% and a return on equity of 17.20%. The firm's revenue was down 8.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.61 earnings per share. Sell-side analysts predict that Robert Half Inc. will post 2.48 EPS for the current 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 paid a $0.59 dividend. The ex-dividend date is Friday, May 23rd. This represents a $2.36 dividend on an annualized basis and a yield of 4.90%. Robert Half's dividend payout ratio (DPR) is 118.00%.
About Robert Half
(
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.
Further Reading
Before you consider Robert Half, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Robert Half wasn't on the list.
While Robert Half currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
