Capital Research Global Investors Lowers Position in Robert Half Inc. $RHI

Capital Research Global Investors lessened its position in Robert Half Inc. (NYSE:RHI) by 79.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,208,310 shares of the business services provider’s stock after selling 4,763,388 shares during the quarter. Capital Research Global Investors owned approximately 1.19% of Robert Half worth $32,818,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. WINTON GROUP Ltd lifted its stake in shares of Robert Half by 33.9% in the 4th quarter. WINTON GROUP Ltd now owns 41,747 shares of the business services provider’s stock valued at $1,134,000 after purchasing an additional 10,571 shares during the period. Parallel Advisors LLC lifted its stake in shares of Robert Half by 174.5% in the 4th quarter. Parallel Advisors LLC now owns 18,147 shares of the business services provider’s stock valued at $493,000 after purchasing an additional 11,537 shares during the period. Vise Technologies Inc. lifted its stake in shares of Robert Half by 120.3% in the 4th quarter. Vise Technologies Inc. now owns 15,790 shares of the business services provider’s stock valued at $429,000 after purchasing an additional 8,621 shares during the period. Daiwa Securities Group Inc. purchased a new position in shares of Robert Half in the 4th quarter valued at approximately $385,000. Finally, Sivia Capital Partners LLC lifted its stake in shares of Robert Half by 37.8% in the 4th quarter. Sivia Capital Partners LLC now owns 9,222 shares of the business services provider’s stock valued at $250,000 after purchasing an additional 2,531 shares during the period. Hedge funds and other institutional investors own 92.41% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on RHI shares. Barclays lowered their target price on Robert Half from $36.00 to $25.00 and set an “equal weight” rating for the company in a research note on Friday, March 6th. Weiss Ratings lowered Robert Half from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 22nd. BMO Capital Markets reduced their price objective on Robert Half from $35.00 to $32.00 and set a “market perform” rating for the company in a research report on Tuesday, February 17th. William Blair raised Robert Half from a “market perform” rating to an “outperform” rating in a research report on Tuesday, April 21st. Finally, Zacks Research lowered Robert Half from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 29th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat, Robert Half presently has an average rating of “Reduce” and a consensus target price of $31.75.

Robert Half Stock Down 0.8%

RHI stock opened at $30.69 on Wednesday. Robert Half Inc. has a twelve month low of $21.83 and a twelve month high of $45.67. The firm has a market cap of $3.14 billion, a PE ratio of 23.61 and a beta of 0.84. The business has a 50 day moving average of $26.98 and a 200 day moving average of $26.85.

Robert Half (NYSE:RHI) last posted its quarterly earnings data on Thursday, April 23rd. The business services provider reported $0.14 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.14. Robert Half had a return on equity of 10.14% and a net margin of 2.43%.The company had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same quarter last year, the company earned $0.17 EPS. The firm’s revenue for the quarter was down 3.8% on a year-over-year basis. On average, research analysts expect that Robert Half Inc. will post 1.29 earnings per share for the current fiscal year.

Robert Half Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 22nd will be issued a $0.59 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 7.7%. Robert Half’s dividend payout ratio (DPR) is presently 181.54%.

Robert Half Company Profile

Robert Half International Inc, founded in 1948 by Robert Half, is a global professional staffing and consulting firm headquartered in Menlo Park, California. As a pioneer in specialized staffing, the company has built a reputation for matching skilled professionals with leading organizations across a range of industries. Robert Half’s shares trade on the New York Stock Exchange under the ticker RHI, reflecting its position as one of the longest‐standing and best‐known firms in the staffing sector.

The company offers a comprehensive suite of services, including temporary staffing, permanent placement, and consulting solutions.