Hsbc Holdings PLC Decreases Stake in Robert Half Inc. (NYSE:RHI)

Hsbc Holdings PLC decreased its holdings in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 10.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 236,795 shares of the business services provider's stock after selling 26,423 shares during the quarter. Hsbc Holdings PLC owned about 0.23% of Robert Half worth $16,687,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Exchange Traded Concepts LLC lifted its stake in Robert Half by 1.4% in the 4th quarter. Exchange Traded Concepts LLC now owns 12,326 shares of the business services provider's stock worth $868,000 after purchasing an additional 166 shares in the last quarter. Fifth Third Wealth Advisors LLC grew its holdings in Robert Half by 5.8% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 3,355 shares of the business services provider's stock valued at $236,000 after buying an additional 183 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Robert Half by 0.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 30,716 shares of the business services provider's stock worth $2,164,000 after acquiring an additional 205 shares during the last quarter. Quadrant Capital Group LLC raised its holdings in shares of Robert Half by 11.3% during the 4th quarter. Quadrant Capital Group LLC now owns 2,155 shares of the business services provider's stock worth $152,000 after acquiring an additional 218 shares during the period. Finally, Nomura Asset Management Co. Ltd. grew its holdings in shares of Robert Half by 39.3% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 780 shares of the business services provider's stock valued at $55,000 after purchasing an additional 220 shares during the period. 92.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on RHI shares. Truist Financial set a $55.00 price objective on Robert Half and gave the company a "buy" rating in a report on Thursday. StockNews.com cut shares of Robert Half from a "buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Barclays decreased their price objective 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. BNP Paribas raised Robert Half from an "underperform" rating to an "outperform" rating and set a $71.50 price objective for the company in a research note on Monday, February 10th. Finally, The Goldman Sachs Group lowered their price objective on shares of Robert Half from $46.00 to $40.00 and set a "sell" rating for the company in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Robert Half presently has an average rating of "Hold" and an average price target of $53.75.

Robert Half Stock Performance

NYSE RHI opened at $43.98 on Friday. Robert Half Inc. has a one year low of $40.00 and a one year high of $78.41. The firm's fifty day moving average is $52.58 and its two-hundred day moving average is $63.76. The firm has a market cap of $4.49 billion, a PE ratio of 18.02 and a beta of 1.13.

Robert Half (NYSE:RHI - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.41 billion. Robert Half had a return on equity of 17.20% and a net margin of 4.34%. During the same quarter in the previous year, the company posted $0.61 EPS. Research analysts predict that Robert Half Inc. will post 2.48 earnings per share for the current year.

Robert Half Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Tuesday, February 25th were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 5.37%. The ex-dividend date of this dividend was Tuesday, February 25th. This is a positive change from Robert Half's previous quarterly dividend of $0.53. Robert Half's payout ratio is currently 96.72%.

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.

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