Swiss National Bank Sells 4,700 Shares of Robert Half Inc. (NYSE:RHI)

Swiss National Bank lowered its stake in Robert Half Inc. (NYSE:RHI) by 2.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 200,000 shares of the business services provider’s stock after selling 4,700 shares during the quarter. Swiss National Bank’s holdings in Robert Half were worth $10,910,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. CX Institutional bought a new position in shares of Robert Half in the first quarter worth about $33,000. GeoWealth Management LLC bought a new position in shares of Robert Half in the fourth quarter worth about $35,000. Orion Capital Management LLC bought a new position in Robert Half in the 4th quarter valued at approximately $41,000. Manchester Capital Management LLC raised its holdings in Robert Half by 45.0% in the 1st quarter. Manchester Capital Management LLC now owns 825 shares of the business services provider’s stock valued at $45,000 after buying an additional 256 shares during the last quarter. Finally, Allworth Financial LP raised its holdings in Robert Half by 80.4% in the 1st quarter. Allworth Financial LP now owns 1,458 shares of the business services provider’s stock valued at $80,000 after buying an additional 650 shares during the last quarter. Institutional investors own 92.41% of the company’s stock.

Robert Half Stock Performance

Robert Half stock opened at $36.33 on Friday. Robert Half Inc. has a 52-week low of $33.18 and a 52-week high of $78.41. The firm has a 50 day moving average price of $40.18 and a two-hundred day moving average price of $47.77. The firm has a market cap of $3.70 billion, a price-to-earnings ratio of 20.76 and a beta of 1.02.

Robert Half (NYSE:RHI) last released its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.01. Robert Half had a net margin of 3.20% and a return on equity of 13.00%. The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same quarter last year, the business earned $0.66 EPS. The company’s revenue was down 7.0% compared to the same quarter last year. As a group, equities research analysts predict that Robert Half Inc. will post 2.48 EPS for the current fiscal year.

Robert Half Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, August 25th will be issued a dividend of $0.59 per share. The ex-dividend date is Monday, August 25th. This represents a $2.36 annualized dividend and a yield of 6.5%. Robert Half’s dividend payout ratio (DPR) is presently 134.86%.

Wall Street Analysts Forecast Growth

RHI has been the subject of a number of research reports. Barclays dropped 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. Truist Financial set a $55.00 price objective on shares of Robert Half and gave the company a “buy” rating in a report on Thursday, April 24th. JPMorgan Chase & Co. dropped their price objective on shares of Robert Half from $47.00 to $45.00 and set a “neutral” rating for the company in a report on Thursday, July 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. Finally, The Goldman Sachs Group dropped their price objective on shares of Robert Half from $46.00 to $40.00 and set a “sell” rating for the company in a report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, Robert Half presently has a consensus rating of “Hold” and a consensus price target of $45.83.

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.