Canada Pension Plan Investment Board decreased its holdings in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 65.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 3,500 shares of the business services provider's stock after selling 6,500 shares during the period. Canada Pension Plan Investment Board's holdings in Robert Half were worth $247,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in the business. MSH Capital Advisors LLC purchased a new position in Robert Half during the 4th quarter valued at about $892,000. Ceredex Value Advisors LLC boosted its holdings in shares of Robert Half by 52.3% in the 4th quarter. Ceredex Value Advisors LLC now owns 127,950 shares of the business services provider's stock valued at $9,015,000 after buying an additional 43,950 shares in the last quarter. Mariner LLC boosted its holdings in shares of Robert Half by 27.9% in the 4th quarter. Mariner LLC now owns 12,961 shares of the business services provider's stock valued at $913,000 after buying an additional 2,829 shares in the last quarter. Barclays PLC boosted its holdings in shares of Robert Half by 2.5% in the 4th quarter. Barclays PLC now owns 352,869 shares of the business services provider's stock valued at $24,865,000 after buying an additional 8,636 shares in the last quarter. Finally, Townsquare Capital LLC bought a new stake in shares of Robert Half in the 4th quarter valued at about $407,000. Hedge funds and other institutional investors own 92.41% of the company's stock.
Wall Street Analysts Forecast Growth
RHI has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lowered their price target on shares of Robert Half from $65.00 to $47.00 and set a "neutral" rating on the stock in a 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. Barclays lowered their price target on shares of Robert Half from $50.00 to $45.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. Truist Financial set a $55.00 target price on shares of Robert Half and gave the stock a "buy" rating in a research note on Thursday, April 24th. Finally, The Goldman Sachs Group decreased 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. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $53.75.
Check Out Our Latest Stock Analysis on RHI
Robert Half Stock Performance
Shares of NYSE RHI traded down $0.17 during mid-day trading on Tuesday, hitting $44.26. The stock had a trading volume of 1,708,989 shares, compared to its average volume of 1,498,470. The company has a 50 day moving average of $52.26 and a two-hundred day moving average of $63.58. Robert Half Inc. has a twelve month low of $40.00 and a twelve month high of $78.41. The firm has a market cap of $4.51 billion, a PE ratio of 18.14 and a beta of 1.13.
Robert Half (NYSE:RHI - Get Free Report) last announced its quarterly 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). Robert Half had a return on equity of 17.20% and a net margin of 4.34%. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same period in the prior year, the business posted $0.61 earnings per share. Robert Half's revenue for the quarter was down 8.4% on a year-over-year basis. Equities research analysts predict that Robert Half Inc. will post 2.48 EPS for the current fiscal year.
Robert Half Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Tuesday, February 25th were paid a $0.59 dividend. The ex-dividend date was Tuesday, February 25th. This is a positive change from Robert Half's previous quarterly dividend of $0.53. This represents a $2.36 dividend on an annualized basis and a yield of 5.33%. Robert Half's dividend payout ratio (DPR) is currently 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.
Featured Articles
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
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
