Hsbc Holdings PLC Sells 30,830 Shares of Robert Half Inc. $RHI

Hsbc Holdings PLC lessened its stake in Robert Half Inc. (NYSE:RHI) by 20.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 122,291 shares of the business services provider’s stock after selling 30,830 shares during the period. Hsbc Holdings PLC owned approximately 0.12% of Robert Half worth $3,345,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Royal Bank of Canada grew its holdings in shares of Robert Half by 19.3% during the 1st quarter. Royal Bank of Canada now owns 38,352 shares of the business services provider’s stock valued at $2,092,000 after purchasing an additional 6,212 shares during the last quarter. Jones Financial Companies Lllp boosted its position in Robert Half by 498.7% during the first quarter. Jones Financial Companies Lllp now owns 6,813 shares of the business services provider’s stock valued at $372,000 after buying an additional 5,675 shares during the period. Goldman Sachs Group Inc. boosted its position in Robert Half by 2.5% during the first quarter. Goldman Sachs Group Inc. now owns 304,359 shares of the business services provider’s stock valued at $16,603,000 after buying an additional 7,523 shares during the period. Empowered Funds LLC grew its stake in shares of Robert Half by 91.8% during the first quarter. Empowered Funds LLC now owns 55,719 shares of the business services provider’s stock valued at $3,039,000 after buying an additional 26,672 shares during the last quarter. Finally, Sivia Capital Partners LLC grew its stake in shares of Robert Half by 94.6% during the second quarter. Sivia Capital Partners LLC now owns 8,098 shares of the business services provider’s stock valued at $332,000 after buying an additional 3,937 shares during the last quarter. Institutional investors own 92.41% of the company’s stock.

Robert Half Trading Down 0.0%

Shares of NYSE:RHI opened at $32.76 on Monday. The company has a market cap of $3.35 billion, a price-to-earnings ratio of 25.20 and a beta of 0.84. The company has a 50-day moving average price of $28.58 and a 200-day moving average price of $27.24. Robert Half Inc. has a 12 month low of $21.83 and a 12 month high of $43.82.

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

Robert Half Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 22nd were issued a $0.59 dividend. The ex-dividend date was Friday, May 22nd. This represents a $2.36 annualized dividend and a yield of 7.2%. Robert Half’s dividend payout ratio (DPR) is 181.54%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on RHI. Weiss Ratings raised Robert Half from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, June 17th. Barclays reduced their price target on Robert Half from $36.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Friday, March 6th. Zacks Research cut Robert Half from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 29th. Finally, William Blair upgraded Robert Half from a “market perform” rating to an “outperform” rating in a research report on Tuesday, April 21st. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and five have given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Reduce” and an average price target of $31.75.

Robert Half 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.