Xponance Inc. Trims Stock Position in Robert Half Inc. (NYSE:RHI)

Xponance Inc. lowered its position in shares of Robert Half Inc. (NYSE:RHI) by 10.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,577 shares of the business services provider’s stock after selling 618 shares during the period. Xponance Inc.’s holdings in Robert Half were worth $304,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Mawer Investment Management Ltd. grew its stake in Robert Half by 72.6% in the 4th quarter. Mawer Investment Management Ltd. now owns 8,079,597 shares of the business services provider’s stock worth $569,288,000 after buying an additional 3,398,257 shares in the last quarter. Norges Bank purchased a new position in Robert Half in the 4th quarter worth approximately $60,257,000. Balyasny Asset Management L.P. grew its stake in Robert Half by 5,172.2% in the 4th quarter. Balyasny Asset Management L.P. now owns 693,394 shares of the business services provider’s stock worth $48,857,000 after buying an additional 680,242 shares in the last quarter. Wellington Management Group LLP grew its stake in Robert Half by 293.3% in the 4th quarter. Wellington Management Group LLP now owns 831,359 shares of the business services provider’s stock worth $58,578,000 after buying an additional 619,982 shares in the last quarter. Finally, Schroder Investment Management Group grew its stake in Robert Half by 124.2% in the 4th quarter. Schroder Investment Management Group now owns 724,419 shares of the business services provider’s stock worth $50,956,000 after buying an additional 401,369 shares in the last quarter. Hedge funds and other institutional investors own 92.41% of the company’s stock.

Robert Half Stock Performance

Shares of RHI opened at $41.84 on Friday. The firm has a market cap of $4.27 billion, a price-to-earnings ratio of 20.92 and a beta of 1.00. Robert Half Inc. has a fifty-two week low of $39.61 and a fifty-two week high of $78.41. The firm has a 50 day moving average price of $43.72 and a 200-day moving average price of $52.21.

Robert Half (NYSE:RHI) last posted its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $0.17 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 firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter in the prior year, the company earned $0.61 earnings per share. The company’s quarterly revenue was down 8.4% compared to the same quarter last year. As a group, equities research analysts predict that Robert Half Inc. will post 2.48 earnings per share for the current year.

Robert Half Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms have commented on RHI. Truist Financial set a $55.00 price target on shares of 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 shares of Robert Half from $65.00 to $47.00 and set a “neutral” rating for the company in a research note on Thursday, April 24th. BNP Paribas 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. Wall Street Zen upgraded shares of Robert Half from a “sell” rating to a “hold” rating in a report on Friday, June 6th. Finally, Barclays lowered their price objective on shares of Robert Half from $50.00 to $45.00 and set an “equal weight” rating for the company 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’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $48.71.

Robert Half Company 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.