First Manhattan CO. LLC. Cuts Stock Holdings in Robert Half Inc. (NYSE:RHI)

First Manhattan CO. LLC. lessened its stake in Robert Half Inc. (NYSE:RHI) by 20.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,098 shares of the business services provider’s stock after selling 775 shares during the quarter. First Manhattan CO. LLC.’s holdings in Robert Half were worth $218,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Exchange Traded Concepts LLC raised its position in shares of Robert Half by 1.4% in the 4th quarter. Exchange Traded Concepts LLC now owns 12,326 shares of the business services provider’s stock worth $868,000 after buying an additional 166 shares during the period. Fifth Third Wealth Advisors LLC increased its stake in Robert Half by 5.8% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 3,355 shares of the business services provider’s stock worth $236,000 after acquiring an additional 183 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Robert Half by 0.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 30,716 shares of the business services provider’s stock worth $2,164,000 after purchasing an additional 205 shares during the period. Quadrant Capital Group LLC lifted its stake in shares of Robert Half by 11.3% in the 4th quarter. Quadrant Capital Group LLC now owns 2,155 shares of the business services provider’s stock valued at $152,000 after purchasing an additional 218 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its holdings in shares of Robert Half by 39.3% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 780 shares of the business services provider’s stock worth $55,000 after purchasing an additional 220 shares during the period. 92.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on RHI shares. BNP Paribas Exane lowered 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. JPMorgan Chase & Co. cut their target price 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. Barclays reduced their target price on shares of Robert Half from $50.00 to $45.00 and set an “equal weight” rating on the stock in a report on Thursday, April 24th. Truist Financial set a $55.00 price target on shares of Robert Half and gave the stock a “buy” rating in a research report on Thursday, April 24th. Finally, StockNews.com lowered Robert Half from a “buy” rating to a “hold” rating in a research report on Tuesday, April 15th. 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 stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $48.71.

Robert Half Trading Up 7.6%

Shares of RHI stock opened at $48.21 on Tuesday. The firm has a fifty day simple moving average of $49.54 and a 200-day simple moving average of $62.00. The company has a market capitalization of $4.93 billion, a PE ratio of 19.76 and a beta of 1.06. Robert Half Inc. has a twelve month low of $40.00 and a twelve month 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 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 net margin of 4.34% and a return on equity of 17.20%. The business’s quarterly revenue was down 8.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.61 earnings per share. Equities research analysts predict that Robert Half Inc. will post 2.48 EPS for the current year.

Robert Half Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 23rd will be issued a dividend of $0.59 per share. The ex-dividend date is Friday, May 23rd. This represents a $2.36 annualized dividend and a yield of 4.90%. Robert Half’s dividend payout ratio is presently 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.