Pathstone Holdings LLC Cuts Position in Robert Half Inc. (NYSE:RHI)

Pathstone Holdings LLC trimmed its position in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 7.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 125,685 shares of the business services provider's stock after selling 10,297 shares during the quarter. Pathstone Holdings LLC owned approximately 0.12% of Robert Half worth $8,856,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Van ECK Associates Corp grew its stake in shares of 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 raised its stake in shares of 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 during the period. Smartleaf Asset Management LLC lifted its stake 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 worth $56,000 after acquiring an additional 258 shares in the last quarter. Tributary Capital Management LLC lifted its stake 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. Finally, Allworth Financial LP grew its stake in Robert Half by 73.4% during the 4th quarter. Allworth Financial LP now owns 808 shares of the business services provider's stock worth $57,000 after buying an additional 342 shares during the last quarter. Hedge funds and other institutional investors own 92.41% of the company's stock.

Robert Half Price Performance

Shares of NYSE:RHI traded down $0.84 during trading on Tuesday, reaching $47.32. 1,145,458 shares of the company were exchanged, compared to its average volume of 1,499,200. Robert Half Inc. has a 12-month low of $40.00 and a 12-month high of $78.41. The business's fifty day simple moving average is $48.87 and its 200-day simple moving average is $61.27. The firm has a market capitalization of $4.83 billion, a PE ratio of 19.39 and a beta of 1.06.

Robert Half (NYSE:RHI - Get Free Report) last issued its earnings results 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 company 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%. The firm's quarterly revenue was down 8.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.61 earnings per share. On average, sell-side analysts anticipate that Robert Half Inc. will post 2.48 EPS 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. Stockholders of record on Friday, May 23rd will be paid a dividend of $0.59 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 4.99%. Robert Half's dividend payout ratio (DPR) is 118.00%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on RHI shares. 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 report on Thursday, April 24th. JPMorgan Chase & Co. reduced 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 report on Thursday, April 24th. StockNews.com cut shares of Robert Half from a "buy" rating to a "hold" rating in a report on Tuesday, April 15th. BNP Paribas cut shares of 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. Finally, The Goldman Sachs Group cut their price target on Robert Half from $46.00 to $40.00 and set a "sell" rating on the stock in a research note on Thursday, April 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $48.71.

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.