Oregon Public Employees Retirement Fund Sells 900 Shares of Robert Half Inc. (NYSE:RHI)

Oregon Public Employees Retirement Fund decreased its holdings in shares of Robert Half Inc. (NYSE:RHI) by 3.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,001 shares of the business services provider’s stock after selling 900 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Robert Half were worth $1,255,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC raised its position in Robert Half by 4.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 76,378 shares of the business services provider’s stock valued at $4,166,000 after purchasing an additional 3,248 shares during the last quarter. Smartleaf Asset Management LLC raised its position in Robert Half by 48.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 794 shares of the business services provider’s stock valued at $56,000 after purchasing an additional 258 shares during the last quarter. CX Institutional bought a new position in Robert Half during the 1st quarter valued at approximately $33,000. HighTower Advisors LLC raised its position in Robert Half by 2.4% during the 4th quarter. HighTower Advisors LLC now owns 36,911 shares of the business services provider’s stock valued at $2,601,000 after purchasing an additional 863 shares during the last quarter. Finally, Atria Investments Inc raised its position in Robert Half by 35.5% during the 4th quarter. Atria Investments Inc now owns 4,168 shares of the business services provider’s stock valued at $294,000 after purchasing an additional 1,093 shares during the last quarter. Institutional investors own 92.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on RHI shares. Barclays decreased their target price on Robert Half from $50.00 to $45.00 and set an “equal weight” rating for the company in a research report on Thursday, April 24th. Truist Financial set a $55.00 price target on Robert Half and gave the stock a “buy” rating in a research note on Thursday, April 24th. JPMorgan Chase & Co. cut their price target on Robert Half from $65.00 to $47.00 and set a “neutral” rating on the stock in a research note on Thursday, April 24th. Wall Street Zen upgraded Robert Half from a “sell” rating to a “hold” rating in a research note on Friday, June 6th. Finally, The Goldman Sachs Group cut their target price on Robert Half from $46.00 to $40.00 and set a “sell” rating on the stock in a research note on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $48.71.

Robert Half Price Performance

RHI stock opened at $42.85 on Friday. The company has a market cap of $4.38 billion, a P/E ratio of 21.43 and a beta of 1.00. Robert Half Inc. has a 1 year low of $39.61 and a 1 year high of $78.41. The stock’s fifty day moving average price is $44.25 and its 200-day moving average price is $54.11.

Robert Half (NYSE:RHI) last released its quarterly 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 firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.41 billion. Robert Half had a return on equity of 14.54% and a net margin of 3.62%. The business’s quarterly revenue was down 8.4% on a year-over-year basis. During the same quarter last year, the business earned $0.61 earnings per share. As a group, analysts expect that Robert Half Inc. will post 2.48 earnings per share for the current year.

Robert Half Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 23rd were paid a $0.59 dividend. The ex-dividend date was Friday, May 23rd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 5.51%. 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.