Hsbc Holdings PLC Reduces Stock Position in Robert Half Inc. $RHI

Hsbc Holdings PLC lessened its position in shares of Robert Half Inc. (NYSE:RHI) by 20.1% in the 4th quarter, HoldingsChannel reports. The fund owned 122,291 shares of the business services provider’s stock after selling 30,830 shares during the period. Hsbc Holdings PLC’s holdings in Robert Half were worth $3,345,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Quadrant Capital Group LLC boosted its position in shares of Robert Half by 3.5% in the 3rd quarter. Quadrant Capital Group LLC now owns 12,069 shares of the business services provider’s stock worth $410,000 after purchasing an additional 407 shares in the last quarter. IFP Advisors Inc boosted its holdings in Robert Half by 9.0% in the fourth quarter. IFP Advisors Inc now owns 6,845 shares of the business services provider’s stock worth $186,000 after acquiring an additional 564 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in Robert Half by 1.1% in the fourth quarter. State of Alaska Department of Revenue now owns 56,746 shares of the business services provider’s stock worth $1,541,000 after acquiring an additional 601 shares in the last quarter. Fifth Third Bancorp grew its stake in shares of Robert Half by 94.3% during the fourth quarter. Fifth Third Bancorp now owns 1,368 shares of the business services provider’s stock worth $37,000 after acquiring an additional 664 shares during the last quarter. Finally, Inspire Advisors LLC grew its stake in shares of Robert Half by 5.0% during the fourth quarter. Inspire Advisors LLC now owns 14,059 shares of the business services provider’s stock worth $382,000 after acquiring an additional 669 shares during the last quarter. Hedge funds and other institutional investors own 92.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on RHI shares. William Blair raised shares of Robert Half from a “market perform” rating to an “outperform” rating in a research note on Tuesday, April 21st. Weiss Ratings raised shares of Robert Half from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, June 17th. Finally, Zacks Research downgraded 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 assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $31.75.

Robert Half Stock Performance

RHI stock opened at $32.47 on Friday. The company has a 50 day moving average price of $29.69 and a two-hundred day moving average price of $27.60. Robert Half Inc. has a one year low of $21.83 and a one year high of $43.28. The stock has a market capitalization of $3.32 billion, a P/E ratio of 24.97 and a beta of 0.82.

Robert Half (NYSE:RHI) last released its quarterly 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 business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter last year, the company earned $0.17 earnings per share. The business’s quarterly revenue was down 3.8% compared to the same quarter last year. Research analysts forecast that Robert Half Inc. will post 1.29 earnings per share for the current fiscal year.

Robert Half Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 22nd were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 7.3%. The ex-dividend date of this dividend was Friday, May 22nd. Robert Half’s dividend payout ratio is currently 181.54%.

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.