Principal Financial Group Inc. lessened its position in Robert Half Inc. (NYSE:RHI - Free Report) by 6.1% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 481,651 shares of the business services provider's stock after selling 31,349 shares during the period. Principal Financial Group Inc. owned approximately 0.46% of Robert Half worth $32,468,000 as of its most recent filing with the SEC.
Several other hedge funds also recently modified their holdings of RHI. Sei Investments Co. raised its stake in shares of Robert Half by 134.3% during the 1st quarter. Sei Investments Co. now owns 47,692 shares of the business services provider's stock valued at $3,781,000 after purchasing an additional 27,334 shares during the period. QRG Capital Management Inc. raised its position in shares of Robert Half by 98.6% in the 1st quarter. QRG Capital Management Inc. now owns 9,965 shares of the business services provider's stock worth $790,000 after acquiring an additional 4,947 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of Robert Half by 62.4% in the 1st quarter. Russell Investments Group Ltd. now owns 338,420 shares of the business services provider's stock worth $26,823,000 after buying an additional 130,009 shares during the last quarter. Avantax Advisory Services Inc. purchased a new stake in Robert Half during the 1st quarter valued at $226,000. Finally, Entropy Technologies LP purchased a new stake in Robert Half during the 1st quarter valued at $900,000. Hedge funds and other institutional investors own 92.41% of the company's stock.
Wall Street Analyst Weigh In
RHI has been the topic of a number of recent research reports. Truist Financial decreased their target price on Robert Half from $72.00 to $62.00 and set a "hold" rating on the stock in a report on Friday, July 26th. Barclays reduced their target price on Robert Half from $70.00 to $60.00 and set an "underweight" rating on the stock in a report on Friday, July 26th. JPMorgan Chase & Co. dropped their price target on Robert Half from $70.00 to $69.00 and set a "neutral" rating for the company in a research report on Wednesday, October 23rd. Finally, BMO Capital Markets decreased their price target on shares of Robert Half from $72.00 to $64.00 and set a "market perform" rating for the company in a research note on Thursday, July 25th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $69.00.
Get Our Latest Report on Robert Half
Robert Half Stock Performance
RHI traded down $0.02 on Tuesday, hitting $76.23. 305,056 shares of the company were exchanged, compared to its average volume of 1,398,404. The business's fifty day moving average is $66.87 and its 200 day moving average is $65.52. Robert Half Inc. has a fifty-two week low of $57.05 and a fifty-two week high of $88.39. The firm has a market capitalization of $7.87 billion, a P/E ratio of 27.83 and a beta of 1.23.
Robert Half (NYSE:RHI - Get Free Report) last issued its earnings results on Tuesday, October 22nd. The business services provider reported $0.64 EPS for the quarter, beating analysts' consensus estimates of $0.62 by $0.02. Robert Half had a net margin of 4.84% and a return on equity of 18.78%. The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter last year, the firm posted $0.90 EPS. The business's revenue for the quarter was down 6.3% compared to the same quarter last year. Analysts forecast that Robert Half Inc. will post 2.46 EPS 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 given a $0.53 dividend. The ex-dividend date of this dividend is Monday, November 25th. This represents a $2.12 annualized dividend and a yield of 2.78%. Robert Half's dividend payout ratio is presently 77.37%.
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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