M&T Bank Corp Has $234,000 Position in Robert Half Inc. (NYSE:RHI)

M&T Bank Corp cut its holdings in Robert Half Inc. (NYSE:RHIFree Report) by 40.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,280 shares of the business services provider’s stock after selling 2,936 shares during the period. M&T Bank Corp’s holdings in Robert Half were worth $234,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in RHI. GAMMA Investing LLC increased its holdings in Robert Half by 92.9% during the 1st quarter. GAMMA Investing LLC now owns 2,091 shares of the business services provider’s stock worth $114,000 after purchasing an additional 1,007 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Robert Half by 4.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 76,378 shares of the business services provider’s stock worth $4,166,000 after buying an additional 3,248 shares in the last quarter. CX Institutional bought a new position in Robert Half in the first quarter valued at $33,000. HighTower Advisors LLC increased its stake in Robert Half by 2.4% in the fourth quarter. HighTower Advisors LLC now owns 36,911 shares of the business services provider’s stock valued at $2,601,000 after acquiring an additional 863 shares during the last quarter. Finally, Deutsche Bank AG increased its stake in Robert Half by 21.3% in the fourth quarter. Deutsche Bank AG now owns 9,682 shares of the business services provider’s stock valued at $682,000 after acquiring an additional 1,700 shares during the last quarter. 92.41% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on RHI. BNP Paribas cut Robert Half from an “outperform” rating to a “neutral” rating and set a $45.00 price objective on the stock. in a research note on Friday, May 2nd. 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. BNP Paribas Exane lowered shares of Robert Half from an “outperform” rating to a “neutral” rating and set a $45.00 price objective for the company. in a report on Friday, May 2nd. JPMorgan Chase & Co. lowered their price objective on shares of Robert Half from $65.00 to $47.00 and set a “neutral” rating for the company in a report on Thursday, April 24th. Finally, Wall Street Zen upgraded shares of Robert Half from a “sell” rating to a “hold” rating in a report on Friday, June 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Robert Half currently has an average rating of “Hold” and a consensus price target of $48.71.

View Our Latest Report on RHI

Robert Half Stock Down 0.7%

Shares of RHI opened at $41.84 on Friday. Robert Half Inc. has a twelve month low of $39.61 and a twelve month high of $78.41. The company has a market capitalization of $4.27 billion, a P/E ratio of 20.92 and a beta of 1.00. The firm has a 50 day moving average of $43.72 and a 200 day moving average of $52.21.

Robert Half (NYSE:RHIGet Free Report) last issued 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 net margin of 3.62% and a return on equity of 14.54%. The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same period in the previous year, the firm earned $0.61 EPS. The company’s revenue was down 8.4% on a year-over-year basis. On average, sell-side analysts expect that Robert Half Inc. will post 2.48 EPS for the current year.

Robert Half Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 23rd were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 5.64%. The ex-dividend date was Friday, May 23rd. Robert Half’s payout ratio is currently 118.00%.

About Robert Half

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding RHI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Robert Half Inc. (NYSE:RHIFree Report).

Institutional Ownership by Quarter for Robert Half (NYSE:RHI)

Receive News & Ratings for Robert Half Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Robert Half and related companies with MarketBeat.com's FREE daily email newsletter.