Schonfeld Strategic Advisors LLC Purchases 17,265 Shares of Robert Half Inc. (NYSE:RHI)

Schonfeld Strategic Advisors LLC increased its holdings in Robert Half Inc. (NYSE:RHI - Free Report) by 504.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,685 shares of the business services provider's stock after acquiring an additional 17,265 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in Robert Half were worth $1,457,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted 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 valued at $25,000 after purchasing an additional 313 shares in the last quarter. Headlands Technologies LLC bought a new stake in Robert Half during the 4th quarter valued at approximately $26,000. Signaturefd LLC boosted its position in Robert Half by 121.3% during the 4th quarter. Signaturefd LLC now owns 436 shares of the business services provider's stock valued at $31,000 after acquiring 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 bought a new position in shares of Robert Half in the 4th quarter worth approximately $35,000. Institutional investors own 92.41% of the company's stock.

Robert Half Price Performance

Robert Half stock traded up $2.34 during mid-day trading on Monday, reaching $47.16. The stock had a trading volume of 186,831 shares, compared to its average volume of 1,490,541. The company has a market capitalization of $4.82 billion, a price-to-earnings ratio of 19.28 and a beta of 1.06. Robert Half Inc. has a one year low of $40.00 and a one year high of $78.41. The company has a 50-day moving average price of $49.68 and a two-hundred day moving average price of $62.14.

Robert Half (NYSE:RHI - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The business services provider reported $0.17 EPS 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 analysts' expectations of $1.41 billion. Robert Half had a net margin of 4.34% and a return on equity of 17.20%. The business's revenue for the quarter was down 8.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.61 earnings per share. On average, equities research analysts anticipate that Robert Half Inc. will post 2.48 earnings per share for the current fiscal year.

Robert Half Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders 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 dividend on an annualized basis and a yield of 5.00%. Robert Half's dividend payout ratio is presently 118.00%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. StockNews.com lowered Robert Half from a "buy" rating to a "hold" rating in a research report on Tuesday, April 15th. The Goldman Sachs Group dropped their target price on shares of Robert Half from $46.00 to $40.00 and set a "sell" rating on the stock in a report on Thursday, April 24th. Barclays decreased their price target on shares of 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. Truist Financial set a $55.00 price target on shares of Robert Half and gave the company a "buy" rating in a research report on Thursday, April 24th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Robert Half from $65.00 to $47.00 and set a "neutral" rating for the company 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 stock. According to data from MarketBeat, Robert Half has a consensus rating of "Hold" and an average target price of $48.71.

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.