Franklin Resources Inc. reduced its holdings in Robert Half Inc. (NYSE:RHI - Free Report) by 27.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 115,339 shares of the business services provider's stock after selling 43,505 shares during the period. Franklin Resources Inc. owned approximately 0.11% of Robert Half worth $8,127,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the business. Summit Financial LLC acquired a new position in shares of Robert Half in the fourth quarter valued at $306,000. Alliancebernstein L.P. boosted its position in shares of Robert Half by 0.5% during the 4th quarter. Alliancebernstein L.P. now owns 3,217,999 shares of the business services provider's stock valued at $226,740,000 after acquiring an additional 17,338 shares in the last quarter. Wellington Management Group LLP raised its position in Robert Half by 293.3% in the fourth quarter. Wellington Management Group LLP now owns 831,359 shares of the business services provider's stock worth $58,578,000 after purchasing an additional 619,982 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its stake in Robert Half by 42.5% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 7,036 shares of the business services provider's stock worth $496,000 after purchasing an additional 2,098 shares during the period. Finally, Mawer Investment Management Ltd. boosted its holdings in Robert Half by 72.6% during the fourth quarter. Mawer Investment Management Ltd. now owns 8,079,597 shares of the business services provider's stock valued at $569,288,000 after purchasing an additional 3,398,257 shares in the last quarter. 92.41% of the stock is currently owned by institutional investors and hedge funds.
Robert Half Price Performance
Shares of NYSE RHI traded down $1.53 during midday trading on Tuesday, hitting $48.40. The stock had a trading volume of 190,817 shares, compared to its average volume of 1,434,624. The firm has a market cap of $4.95 billion, a P/E ratio of 19.82 and a beta of 1.13. Robert Half Inc. has a fifty-two week low of $44.97 and a fifty-two week high of $78.41. The company's 50-day simple moving average is $55.00 and its 200 day simple moving average is $65.05.
Robert Half (NYSE:RHI - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The business services provider reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.01). Robert Half had a return on equity of 17.20% and a net margin of 4.34%. Equities analysts expect that Robert Half Inc. will post 2.48 EPS for the current fiscal year.
Robert Half Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Tuesday, February 25th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 4.88%. 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%.
Analyst Ratings Changes
RHI has been the subject of several analyst reports. JPMorgan Chase & Co. cut their target price on Robert Half from $69.00 to $65.00 and set a "neutral" rating for the company in a research report on Thursday, January 30th. Barclays reduced their target price on shares of Robert Half from $80.00 to $50.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 10th. BNP Paribas upgraded shares of Robert Half from an "underperform" rating to an "outperform" rating and set a $71.50 target price for the company in a research report on Monday, February 10th. Truist Financial cut their target price on shares of Robert Half from $90.00 to $60.00 and set a "buy" rating for the company in a research note on Tuesday. Finally, StockNews.com lowered Robert Half from a "buy" rating to a "hold" rating in a research report on Tuesday. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $64.92.
View Our Latest Research Report on RHI
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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