Robert Half Inc. (NYSE:RHI) Shares Sold by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. trimmed its holdings in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 55.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,353 shares of the business services provider's stock after selling 26,168 shares during the period. Jefferies Financial Group Inc.'s holdings in Robert Half were worth $1,505,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Mawer Investment Management Ltd. increased its holdings in shares of Robert Half by 72.6% during the 4th quarter. Mawer Investment Management Ltd. now owns 8,079,597 shares of the business services provider's stock valued at $569,288,000 after purchasing an additional 3,398,257 shares in the last quarter. Boston Partners increased its holdings in shares of Robert Half by 17.5% during the 4th quarter. Boston Partners now owns 8,554,276 shares of the business services provider's stock valued at $602,867,000 after purchasing an additional 1,271,237 shares in the last quarter. Norges Bank purchased a new position in shares of Robert Half during the 4th quarter valued at approximately $60,257,000. Balyasny Asset Management L.P. increased its holdings in shares of Robert Half by 5,172.2% during the 4th quarter. Balyasny Asset Management L.P. now owns 693,394 shares of the business services provider's stock valued at $48,857,000 after purchasing an additional 680,242 shares in the last quarter. Finally, Wellington Management Group LLP increased its holdings in shares of Robert Half by 293.3% during the 4th quarter. Wellington Management Group LLP now owns 831,359 shares of the business services provider's stock valued at $58,578,000 after purchasing an additional 619,982 shares in the last quarter. 92.41% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on RHI shares. JPMorgan Chase & Co. cut their target price on shares of Robert Half from $65.00 to $47.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. Truist Financial set a $55.00 target price on shares of Robert Half and gave the company a "buy" rating in a report on Thursday, April 24th. The Goldman Sachs Group cut their price target on shares of Robert Half from $46.00 to $40.00 and set a "sell" rating for the company in a 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 price target for the company. in a report on Friday, May 2nd. Finally, StockNews.com lowered shares of Robert Half from a "buy" rating to a "hold" rating in a report on Tuesday, April 15th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $48.71.

Robert Half Stock Down 0.5%

Robert Half stock opened at $47.47 on Thursday. Robert Half Inc. has a 52-week low of $40.00 and a 52-week high of $78.41. The firm has a market capitalization of $4.85 billion, a price-to-earnings ratio of 19.45 and a beta of 1.06. The company has a fifty day simple moving average of $49.24 and a 200-day simple moving average of $61.80.

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

Robert Half Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 23rd will be issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 4.97%. The ex-dividend date of this dividend is Friday, May 23rd. Robert Half's payout ratio is 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.

Want to see what other hedge funds are holding RHI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Robert Half Inc. (NYSE:RHI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.