Robeco Institutional Asset Management B.V. lowered its position in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 55.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 79,701 shares of the business services provider's stock after selling 98,699 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.08% of Robert Half worth $5,373,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Thrivent Financial for Lutherans boosted its position in Robert Half by 27,895.0% during the second quarter. Thrivent Financial for Lutherans now owns 1,244,939 shares of the business services provider's stock valued at $79,652,000 after buying an additional 1,240,492 shares during the period. AQR Capital Management LLC lifted its stake in shares of Robert Half by 101.0% in the 2nd quarter. AQR Capital Management LLC now owns 1,564,247 shares of the business services provider's stock valued at $99,439,000 after acquiring an additional 786,031 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in Robert Half by 900.6% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 834,447 shares of the business services provider's stock valued at $66,155,000 after acquiring an additional 751,049 shares during the period. Pacer Advisors Inc. grew its position in Robert Half by 54.7% during the 2nd quarter. Pacer Advisors Inc. now owns 1,628,919 shares of the business services provider's stock worth $104,218,000 after acquiring an additional 575,879 shares during the last quarter. Finally, Miller Howard Investments Inc. NY bought a new position in Robert Half during the 2nd quarter worth approximately $35,357,000. 92.41% of the stock is currently owned by hedge funds and other institutional investors.
Robert Half Price Performance
RHI stock traded down $0.06 during trading on Friday, reaching $75.74. The company had a trading volume of 894,455 shares, compared to its average volume of 1,406,961. Robert Half Inc. has a 52 week low of $57.05 and a 52 week high of $88.39. The business has a 50 day moving average of $66.60 and a 200 day moving average of $65.56. The company has a market cap of $7.82 billion, a P/E ratio of 27.64 and a beta of 1.23.
Robert Half (NYSE:RHI - Get Free Report) last released 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 return on equity of 18.78% and a net margin of 4.84%. The company had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.44 billion. During the same quarter last year, the business posted $0.90 EPS. The firm's revenue for the quarter was down 6.3% compared to the same quarter last year. Research analysts expect that Robert Half Inc. will post 2.46 earnings per share for the current year.
Robert Half Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, November 25th will be given a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date is Monday, November 25th. Robert Half's dividend payout ratio is presently 77.37%.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on the company. JPMorgan Chase & Co. dropped their price objective on Robert Half from $70.00 to $69.00 and set a "neutral" rating for the company in a research note on Wednesday, October 23rd. Barclays cut their price target on shares of Robert Half from $70.00 to $60.00 and set an "underweight" rating on the stock in a report on Friday, July 26th. BMO Capital Markets lowered their price objective 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. Finally, Truist Financial dropped their target price on shares of Robert Half from $72.00 to $62.00 and set a "hold" rating for the company in a report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, Robert Half has an average rating of "Hold" and an average price target of $69.00.
Check Out Our Latest Stock Report on Robert Half
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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