Mercer Global Advisors Inc. ADV Trims Stake in Robert Half Inc. (NYSE:RHI)

Mercer Global Advisors Inc. ADV lessened its stake in Robert Half Inc. (NYSE:RHI) by 38.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,034 shares of the business services provider’s stock after selling 3,807 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Robert Half were worth $425,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of RHI. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in 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 buying an additional 313 shares in the last quarter. Headlands Technologies LLC acquired a new stake in Robert Half during the 4th quarter worth $26,000. Signaturefd LLC grew its holdings in shares of Robert Half by 121.3% during the fourth quarter. Signaturefd LLC now owns 436 shares of the business services provider’s stock worth $31,000 after buying an additional 239 shares in the last quarter. Eastern Bank acquired a new stake in shares of Robert Half in the fourth quarter valued at about $35,000. Finally, GeoWealth Management LLC purchased a new position in shares of Robert Half in the fourth quarter worth about $35,000. Hedge funds and other institutional investors own 92.41% of the company’s stock.

Wall Street Analysts Forecast Growth

RHI has been the subject of several 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 research note on Thursday, April 24th. BNP Paribas Exane lowered Robert Half from an “outperform” rating to a “neutral” rating and set a $45.00 price target for the company. in a research report on Friday, May 2nd. The Goldman Sachs Group cut their price target on Robert Half from $46.00 to $40.00 and set a “sell” rating for the company in a report on Thursday, April 24th. JPMorgan Chase & Co. lowered their price objective on Robert Half from $65.00 to $47.00 and set a “neutral” rating on the stock in a research note on Thursday, April 24th. Finally, StockNews.com cut Robert Half from a “buy” rating to a “hold” rating in a report on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $48.71.

Robert Half Stock Performance

Shares of RHI stock opened at $47.65 on Wednesday. The firm has a market cap of $4.87 billion, a P/E ratio of 19.53 and a beta of 1.06. The firm’s 50 day moving average price is $49.38 and its 200-day moving average price is $61.90. Robert Half Inc. has a one year low of $40.00 and a one year high of $78.41.

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

Robert Half Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 23rd will be given a dividend of $0.59 per share. The ex-dividend date is Friday, May 23rd. This represents a $2.36 annualized dividend and a dividend yield of 4.95%. 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.