KBC Group NV lowered its position in Robert Half Inc. (NYSE:RHI - Free Report) by 49.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 92,681 shares of the business services provider's stock after selling 91,614 shares during the quarter. KBC Group NV owned approximately 0.09% of Robert Half worth $6,248,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. UniSuper Management Pty Ltd raised its holdings in shares of Robert Half by 671.3% in the first quarter. UniSuper Management Pty Ltd now owns 12,341 shares of the business services provider's stock valued at $978,000 after acquiring an additional 10,741 shares in the last quarter. iA Global Asset Management Inc. lifted its position in shares of Robert Half by 167.3% in the 1st quarter. iA Global Asset Management Inc. now owns 21,414 shares of the business services provider's stock worth $1,698,000 after purchasing an additional 13,404 shares during the period. Cetera Investment Advisers increased its holdings in Robert Half by 69.6% during the first quarter. Cetera Investment Advisers now owns 64,729 shares of the business services provider's stock valued at $5,132,000 after buying an additional 26,561 shares during the period. Achmea Investment Management B.V. raised its stake in Robert Half by 9.2% in the second quarter. Achmea Investment Management B.V. now owns 152,251 shares of the business services provider's stock worth $9,741,000 after buying an additional 12,772 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its holdings in Robert Half by 182.4% during the second quarter. Oregon Public Employees Retirement Fund now owns 25,100 shares of the business services provider's stock worth $1,606,000 after buying an additional 16,212 shares during the period. 92.41% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several research firms have recently commented on RHI. BMO Capital Markets reduced their price target on Robert Half from $72.00 to $64.00 and set a "market perform" rating for the company in a research report on Thursday, July 25th. Barclays decreased their price target on shares of Robert Half from $70.00 to $60.00 and set an "underweight" rating for the company in a research report on Friday, July 26th. Truist Financial cut their price objective on shares of Robert Half from $72.00 to $62.00 and set a "hold" rating on the stock in a research report on Friday, July 26th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Robert Half from $70.00 to $69.00 and set a "neutral" rating for the company in a research report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $69.00.
Read Our Latest Analysis on RHI
Robert Half Stock Up 0.3 %
Shares of NYSE:RHI traded up $0.19 during midday trading on Monday, reaching $73.61. The company's stock had a trading volume of 499,135 shares, compared to its average volume of 1,392,080. The stock has a fifty day moving average of $68.00 and a 200 day moving average of $65.69. Robert Half Inc. has a twelve month low of $57.05 and a twelve month high of $88.39. The firm has a market capitalization of $7.60 billion, a PE ratio of 26.80 and a beta of 1.23.
Robert Half (NYSE:RHI - Get Free Report) last released its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $0.64 EPS for the quarter, beating the consensus estimate of $0.62 by $0.02. Robert Half had a net margin of 4.84% and a return on equity of 18.78%. The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter last year, the business earned $0.90 earnings per share. The firm's revenue was down 6.3% on a year-over-year basis. Sell-side analysts anticipate that Robert Half Inc. will post 2.45 earnings per share for the current fiscal year.
Robert Half Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, November 25th will be issued a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date is Monday, November 25th. Robert Half's dividend payout ratio is currently 77.37%.
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.
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