Robert Half Inc. (NYSE:RHI) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lowered its stake in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 2.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,680,867 shares of the business services provider's stock after selling 43,569 shares during the quarter. Dimensional Fund Advisors LP owned about 1.63% of Robert Half worth $118,435,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of RHI. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Robert Half by 613.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 364 shares of the business services provider's stock valued at $25,000 after purchasing an additional 313 shares during the period. Headlands Technologies LLC acquired a new position in shares of Robert Half in the 4th quarter valued at $26,000. Signaturefd LLC grew its stake in shares of Robert Half by 121.3% during the 4th quarter. Signaturefd LLC now owns 436 shares of the business services provider's stock valued at $31,000 after buying an additional 239 shares during the period. Eastern Bank acquired a new stake in shares of Robert Half during the 4th quarter worth $35,000. Finally, GeoWealth Management LLC purchased a new position in shares of Robert Half in the 4th quarter worth $35,000. Institutional investors and hedge funds own 92.41% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on RHI. StockNews.com downgraded Robert Half from a "buy" rating to a "hold" rating in a research report on Tuesday, April 15th. The Goldman Sachs Group dropped their target price on shares of Robert Half from $46.00 to $40.00 and set a "sell" rating for the company in a research report on Thursday. BNP Paribas raised shares of Robert Half from an "underperform" rating to an "outperform" rating and set a $71.50 price target on the stock in a research report on Monday, February 10th. Truist Financial set a $55.00 price objective on shares of Robert Half and gave the stock a "buy" rating in a research report on Thursday. Finally, JPMorgan Chase & Co. reduced their target price on shares of Robert Half from $65.00 to $47.00 and set a "neutral" rating on the stock in a report on Thursday. One analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $53.75.

Robert Half Stock Down 2.3 %

RHI opened at $43.98 on Friday. The firm's 50 day moving average is $52.58 and its 200-day moving average is $63.76. Robert Half Inc. has a 52-week low of $40.00 and a 52-week high of $78.41. The firm has a market capitalization of $4.49 billion, a P/E ratio of 18.02 and a beta of 1.13.

Robert Half (NYSE:RHI - Get Free Report) last issued 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 during the quarter, compared to analyst estimates 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 prior year, the firm earned $0.61 EPS. Equities analysts expect that Robert Half Inc. will post 2.48 earnings per share for the current fiscal 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 paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 5.37%. The ex-dividend date was Tuesday, February 25th. This is a positive change from Robert Half's previous quarterly dividend of $0.53. Robert Half's dividend payout ratio (DPR) is 96.72%.

About Robert Half

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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