Robert Half Inc. (NYSE:RHI) Shares Sold by Marshall Wace LLP

Marshall Wace LLP decreased its position in shares of Robert Half Inc. (NYSE:RHI) by 94.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,087 shares of the business services provider’s stock after selling 335,419 shares during the period. Marshall Wace LLP’s holdings in Robert Half were worth $1,345,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of RHI. MSH Capital Advisors LLC purchased a new position in Robert Half during the 4th quarter worth approximately $892,000. Ceredex Value Advisors LLC increased its holdings in shares of Robert Half by 52.3% in the 4th quarter. Ceredex Value Advisors LLC now owns 127,950 shares of the business services provider’s stock valued at $9,015,000 after purchasing an additional 43,950 shares in the last quarter. Mariner LLC increased its holdings in shares of Robert Half by 27.9% in the 4th quarter. Mariner LLC now owns 12,961 shares of the business services provider’s stock valued at $913,000 after purchasing an additional 2,829 shares in the last quarter. Barclays PLC increased its holdings in Robert Half by 2.5% during the 4th quarter. Barclays PLC now owns 352,869 shares of the business services provider’s stock valued at $24,865,000 after acquiring an additional 8,636 shares in the last quarter. Finally, Townsquare Capital LLC purchased a new position in Robert Half during the 4th quarter valued at about $407,000. Institutional investors and hedge funds own 92.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. decreased their price target on shares of Robert Half from $65.00 to $47.00 and set a “neutral” rating on the stock in a research note on Thursday, April 24th. The Goldman Sachs Group reduced their price target on shares of Robert Half from $46.00 to $40.00 and set a “sell” rating on the stock in a research report on Thursday, April 24th. BNP Paribas upgraded Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 target price for the company in a research note on Monday, February 10th. StockNews.com cut shares of Robert Half from a “buy” rating to a “hold” rating in a report on Tuesday, April 15th. Finally, Truist Financial set a $55.00 price target on Robert Half and gave the company a “buy” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $53.75.

Robert Half Stock Up 0.9 %

Robert Half stock opened at $44.42 on Tuesday. The company’s 50-day moving average price is $52.26 and its two-hundred day moving average price is $63.58. Robert Half Inc. has a twelve month low of $40.00 and a twelve month high of $78.41. The stock has a market cap of $4.53 billion, a P/E ratio of 18.20 and a beta of 1.13.

Robert Half (NYSE:RHI) last announced its earnings results on Wednesday, April 23rd. The business services provider reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.19). The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.41 billion. Robert Half had a return on equity of 17.20% and a net margin of 4.34%. The business’s revenue for the quarter was down 8.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.61 EPS. Equities analysts anticipate that Robert Half Inc. will post 2.48 earnings per share for the current fiscal year.

Robert Half Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Tuesday, February 25th were given a $0.59 dividend. The ex-dividend date was Tuesday, February 25th. This represents a $2.36 dividend on an annualized basis and a yield of 5.31%. This is a positive change from Robert Half’s previous quarterly dividend of $0.53. Robert Half’s dividend payout ratio (DPR) is currently 118.00%.

Robert Half Profile

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.