Tower Research Capital LLC TRC Trims Stake in Robert Half Inc. (NYSE:RHI)

Tower Research Capital LLC TRC lowered its position in Robert Half Inc. (NYSE:RHI) by 86.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 616 shares of the business services provider’s stock after selling 3,949 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Robert Half were worth $43,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Robert Half by 613.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 364 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 313 shares during the period. Headlands Technologies LLC purchased a new stake in shares of Robert Half in the fourth quarter valued at $26,000. Signaturefd LLC raised its stake in shares of Robert Half by 121.3% in the fourth quarter. Signaturefd LLC now owns 436 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 239 shares during the period. GeoWealth Management LLC purchased a new stake in shares of Robert Half in the fourth quarter valued at $35,000. Finally, Eastern Bank purchased a new stake in shares of Robert Half in the fourth quarter valued at $35,000. Hedge funds and other institutional investors own 92.41% of the company’s stock.

Robert Half Price Performance

Shares of Robert Half stock opened at $47.65 on Wednesday. Robert Half Inc. has a 1 year low of $40.00 and a 1 year high of $78.41. The firm’s 50-day moving average is $49.38 and its two-hundred day moving average is $61.90. The stock has a market cap of $4.87 billion, a price-to-earnings ratio of 19.53 and a beta of 1.06.

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

Robert Half Announces Dividend

The firm also recently announced 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. This represents a $2.36 annualized dividend and a yield of 4.95%. The ex-dividend date of this dividend is Friday, May 23rd. Robert Half’s payout ratio is 118.00%.

Analysts Set New Price Targets

RHI has been the topic of several recent analyst reports. JPMorgan Chase & Co. reduced 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. BNP Paribas 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. StockNews.com cut shares of Robert Half from a “buy” rating to a “hold” rating in a report on Tuesday, April 15th. 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 target on shares of Robert Half and gave the stock a “buy” rating in a report on Thursday, April 24th. One equities 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price 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.