State of Tennessee Department of Treasury lowered its holdings in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 22.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,588 shares of the business services provider's stock after selling 10,477 shares during the quarter. State of Tennessee Department of Treasury's holdings in Robert Half were worth $2,578,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of RHI. Mawer Investment Management Ltd. increased its position in Robert Half by 72.6% during the fourth quarter. Mawer Investment Management Ltd. now owns 8,079,597 shares of the business services provider's stock valued at $569,288,000 after acquiring an additional 3,398,257 shares during the last quarter. Boston Partners lifted its position in shares of Robert Half by 17.5% in the 4th quarter. Boston Partners now owns 8,554,276 shares of the business services provider's stock worth $602,867,000 after purchasing an additional 1,271,237 shares during the period. Norges Bank bought a new position in shares of Robert Half during the fourth quarter valued at approximately $60,257,000. Wellington Management Group LLP increased its holdings in Robert Half by 293.3% during the fourth quarter. Wellington Management Group LLP now owns 831,359 shares of the business services provider's stock valued at $58,578,000 after buying an additional 619,982 shares during the period. Finally, Schroder Investment Management Group raised its stake in Robert Half by 124.2% in the fourth quarter. Schroder Investment Management Group now owns 724,419 shares of the business services provider's stock worth $50,956,000 after buying an additional 401,369 shares in the last quarter. Institutional investors own 92.41% of the company's stock.
Analysts Set New Price Targets
A number of brokerages recently weighed in on RHI. BNP Paribas Exane cut 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. JPMorgan Chase & Co. cut their price objective 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. Barclays decreased their target price on shares of 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. The Goldman Sachs Group cut their price target 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. Finally, StockNews.com lowered 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 issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $48.71.
Read Our Latest Research Report on Robert Half
Robert Half Price Performance
RHI stock traded up $0.99 during midday trading on Friday, hitting $45.45. 1,065,701 shares of the stock traded hands, compared to its average volume of 1,491,706. Robert Half Inc. has a 1-year low of $40.00 and a 1-year high of $78.41. The stock's fifty day simple moving average is $51.03 and its 200-day simple moving average is $62.96. The firm has a market cap of $4.64 billion, a P/E ratio of 18.63 and a beta of 1.06.
Robert Half (NYSE:RHI - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The business services provider reported $0.17 EPS for the quarter, missing analysts' consensus estimates 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%. Robert Half's revenue was down 8.4% on a year-over-year basis. During the same quarter last year, the business earned $0.61 earnings per share. On average, research analysts predict that Robert Half Inc. will post 2.48 earnings per share for the current year.
Robert Half Dividend Announcement
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 given 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 dividend yield of 5.19%. Robert Half's dividend payout ratio (DPR) is 118.00%.
Robert Half Company Profile
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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.
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