iSAM Funds UK Ltd Sells 3,877 Shares of Robert Half Inc. (NYSE:RHI)

iSAM Funds UK Ltd trimmed its holdings in Robert Half Inc. (NYSE:RHI) by 45.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,564 shares of the business services provider’s stock after selling 3,877 shares during the period. iSAM Funds UK Ltd’s holdings in Robert Half were worth $322,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Van ECK Associates Corp grew its position in shares of Robert Half by 24.1% in the fourth quarter. Van ECK Associates Corp now owns 85,878 shares of the business services provider’s stock valued at $6,051,000 after purchasing an additional 16,668 shares in the last quarter. SG Americas Securities LLC boosted its stake in Robert Half by 347.9% in the 4th quarter. SG Americas Securities LLC now owns 16,586 shares of the business services provider’s stock worth $1,169,000 after purchasing an additional 12,883 shares during the period. Smartleaf Asset Management LLC boosted its stake in Robert Half by 48.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 794 shares of the business services provider’s stock worth $56,000 after purchasing an additional 258 shares during the period. Tributary Capital Management LLC grew its holdings in Robert Half by 46.3% during the 4th quarter. Tributary Capital Management LLC now owns 13,575 shares of the business services provider’s stock valued at $956,000 after buying an additional 4,299 shares in the last quarter. Finally, Allworth Financial LP increased its position in shares of Robert Half by 73.4% during the fourth quarter. Allworth Financial LP now owns 808 shares of the business services provider’s stock valued at $57,000 after buying an additional 342 shares during the period. Institutional investors own 92.41% of the company’s stock.

Robert Half Price Performance

RHI stock opened at $47.32 on Wednesday. The firm has a 50 day simple moving average of $48.78 and a two-hundred day simple moving average of $61.17. The stock has a market cap of $4.83 billion, a PE ratio of 19.39 and a beta of 1.06. Robert Half Inc. has a one year low of $40.00 and a one year high of $78.41.

Robert Half (NYSE:RHI) last posted its quarterly earnings data 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). Robert Half had a return on equity of 17.20% and a net margin of 4.34%. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same period in the prior year, the firm posted $0.61 earnings per share. The business’s revenue was down 8.4% on a year-over-year basis. On average, research analysts expect that Robert Half Inc. will post 2.48 EPS for the current fiscal year.

Robert Half Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 23rd will be issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 4.99%. The ex-dividend date is Friday, May 23rd. Robert Half’s payout ratio is currently 118.00%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on RHI shares. StockNews.com lowered shares of Robert Half from a “buy” rating to a “hold” rating in a research report on Tuesday, April 15th. The Goldman Sachs Group lowered their target price on shares of Robert Half from $46.00 to $40.00 and set a “sell” rating on the stock in a research note on Thursday, April 24th. BNP Paribas lowered shares of Robert Half from an “outperform” rating to a “neutral” rating and set a $45.00 price target for the company. in a research report on Friday, May 2nd. BNP Paribas Exane cut shares of Robert Half from an “outperform” rating to a “neutral” rating and set a $45.00 price target on the stock. in a report on Friday, May 2nd. Finally, Truist Financial set a $55.00 price objective on Robert Half and gave the company a “buy” rating in a research note on Thursday, April 24th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $48.71.

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.