Robert Half Inc. $RHI Shares Sold by Fiduciary Management Inc. WI

Fiduciary Management Inc. WI lessened its holdings in shares of Robert Half Inc. (NYSE:RHI) by 5.6% during the fourth quarter, HoldingsChannel reports. The fund owned 1,765,109 shares of the business services provider’s stock after selling 105,569 shares during the period. Fiduciary Management Inc. WI’s holdings in Robert Half were worth $47,940,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RHI. Royal Bank of Canada grew its holdings in Robert Half by 19.3% during the first quarter. Royal Bank of Canada now owns 38,352 shares of the business services provider’s stock worth $2,092,000 after acquiring an additional 6,212 shares during the period. Jones Financial Companies Lllp grew its holdings in Robert Half by 498.7% in the first quarter. Jones Financial Companies Lllp now owns 6,813 shares of the business services provider’s stock valued at $372,000 after purchasing an additional 5,675 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Robert Half by 2.5% in 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 purchasing an additional 7,523 shares during the last quarter. Empowered Funds LLC grew its holdings in Robert Half by 91.8% in the first quarter. Empowered Funds LLC now owns 55,719 shares of the business services provider’s stock valued at $3,039,000 after purchasing an additional 26,672 shares during the last quarter. Finally, Sivia Capital Partners LLC grew its holdings in Robert Half by 94.6% in the second quarter. Sivia Capital Partners LLC now owns 8,098 shares of the business services provider’s stock valued at $332,000 after purchasing an additional 3,937 shares during the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Weiss Ratings lowered Robert Half from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 22nd. BMO Capital Markets lowered their target price on Robert Half from $35.00 to $32.00 and set a “market perform” rating on the stock in a report on Tuesday, February 17th. Zacks Research lowered Robert Half from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 29th. Barclays lowered their target price on Robert Half from $36.00 to $25.00 and set an “equal weight” rating on the stock in a report on Friday, March 6th. Finally, William Blair raised Robert Half from a “market perform” rating to an “outperform” rating in a report on Tuesday, April 21st. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, Robert Half presently has an average rating of “Reduce” and a consensus price target of $31.75.

Robert Half Stock Down 0.7%

Shares of NYSE:RHI opened at $31.37 on Friday. Robert Half Inc. has a 52-week low of $21.83 and a 52-week high of $45.67. The stock’s fifty day simple moving average is $26.74 and its 200-day simple moving average is $26.78. The company has a market capitalization of $3.21 billion, a P/E ratio of 24.13 and a beta of 0.84.

Robert Half (NYSE:RHI) last issued its quarterly earnings data on Thursday, April 23rd. The business services provider reported $0.14 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.14. Robert Half had a return on equity of 10.14% and a net margin of 2.43%.The business had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the prior year, the business earned $0.17 earnings per share. The business’s revenue was down 3.8% on a year-over-year basis. On average, sell-side analysts anticipate that Robert Half Inc. will post 1.29 earnings per share for the current year.

Robert Half Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 22nd will be given a dividend of $0.59 per share. The ex-dividend date is Friday, May 22nd. This represents a $2.36 annualized dividend and a yield of 7.5%. Robert Half’s dividend payout ratio is 181.54%.

About Robert Half

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.