Russell Investments Group Ltd. Decreases Stake in Robert Half Inc. (NYSE:RHI)

Russell Investments Group Ltd. decreased its holdings in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 12.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 341,535 shares of the business services provider's stock after selling 50,336 shares during the period. Russell Investments Group Ltd. owned about 0.33% of Robert Half worth $24,065,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Robert Half by 613.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 364 shares of the business services provider's stock worth $25,000 after buying an additional 313 shares in the last quarter. Headlands Technologies LLC purchased a new stake in Robert Half during the 4th quarter valued at about $26,000. Signaturefd LLC raised its holdings in Robert Half by 121.3% in the 4th quarter. Signaturefd LLC now owns 436 shares of the business services provider's stock valued at $31,000 after acquiring an additional 239 shares during the last quarter. Eastern Bank acquired a new stake in Robert Half in the 4th quarter valued at about $35,000. Finally, V Square Quantitative Management LLC lifted its stake in Robert Half by 70.6% in the 4th quarter. V Square Quantitative Management LLC now owns 679 shares of the business services provider's stock worth $48,000 after purchasing an additional 281 shares in the last quarter. Hedge funds and other institutional investors own 92.41% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on RHI shares. BNP Paribas upgraded Robert Half from an "underperform" rating to an "outperform" rating and set a $71.50 price target on the stock in a report on Monday, February 10th. JPMorgan Chase & Co. reduced their target price on shares of Robert Half from $69.00 to $65.00 and set a "neutral" rating on the stock in a research note on Thursday, January 30th. Barclays dropped their price target on shares of Robert Half from $80.00 to $50.00 and set an "equal weight" rating for the company in a research note on Thursday. Finally, StockNews.com upgraded Robert Half from a "hold" rating to a "buy" rating in a report on Monday, April 7th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $69.92.

Robert Half Trading Up 1.5 %

Shares of Robert Half stock traded up $0.75 on Monday, reaching $50.16. 85,272 shares of the stock were exchanged, compared to its average volume of 1,418,340. The firm has a market capitalization of $5.13 billion, a PE ratio of 20.56 and a beta of 1.13. Robert Half Inc. has a 1-year low of $44.97 and a 1-year high of $78.41. The business has a fifty day moving average price of $55.24 and a two-hundred day moving average price of $65.17.

Robert Half (NYSE:RHI - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The business services provider reported $0.53 EPS for the quarter, missing analysts' consensus estimates of $0.54 by ($0.01). Robert Half had a return on equity of 17.20% and a net margin of 4.34%. Research analysts expect that Robert Half Inc. will post 2.48 EPS for the current year.

Robert Half Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Tuesday, February 25th were paid a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 4.70%. This is a positive change from Robert Half's previous quarterly dividend of $0.53. Robert Half's dividend payout ratio (DPR) is presently 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.