Jacobs Levy Equity Management Inc. Sells 57,626 Shares of Robert Half Inc. (NYSE:RHI)

Jacobs Levy Equity Management Inc. reduced its stake in shares of Robert Half Inc. (NYSE:RHI) by 4.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,285,404 shares of the business services provider’s stock after selling 57,626 shares during the period. Jacobs Levy Equity Management Inc.’s holdings in Robert Half were worth $90,570,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of RHI. Focus Partners Wealth grew its holdings in Robert Half by 8.7% during the fourth quarter. Focus Partners Wealth now owns 16,383 shares of the business services provider’s stock worth $1,154,000 after buying an additional 1,307 shares in the last quarter. Deutsche Bank AG grew its stake in shares of Robert Half by 21.3% in the 4th quarter. Deutsche Bank AG now owns 9,682 shares of the business services provider’s stock worth $682,000 after acquiring an additional 1,700 shares in the last quarter. Deprince Race & Zollo Inc. raised its holdings in shares of Robert Half by 29.6% in the fourth quarter. Deprince Race & Zollo Inc. now owns 825,747 shares of the business services provider’s stock valued at $58,182,000 after purchasing an additional 188,720 shares during the last quarter. Crestline Management LP bought a new position in shares of Robert Half during the fourth quarter valued at about $1,782,000. Finally, Captrust Financial Advisors boosted its holdings in Robert Half by 6.0% during the fourth quarter. Captrust Financial Advisors now owns 33,996 shares of the business services provider’s stock worth $2,395,000 after purchasing an additional 1,918 shares during the last quarter. 92.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on RHI shares. The Goldman Sachs Group decreased their price objective on shares of Robert Half from $46.00 to $40.00 and set a “sell” rating for the company in a research note on Thursday, April 24th. BNP Paribas downgraded 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. Truist Financial set a $55.00 price objective on Robert Half and gave the stock a “buy” rating in a research report on Thursday, April 24th. Barclays decreased their target price on Robert Half from $50.00 to $45.00 and set an “equal weight” rating for the company in a research report on Thursday, April 24th. Finally, BNP Paribas Exane cut Robert Half from an “outperform” rating to a “neutral” rating and set a $45.00 target price on the stock. in a research note on Friday, May 2nd. One analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $48.71.

Robert Half Stock Performance

RHI stock opened at $44.77 on Friday. The stock has a fifty day moving average of $49.68 and a 200-day moving average of $62.19. Robert Half Inc. has a fifty-two week low of $40.00 and a fifty-two week high of $78.41. The company has a market capitalization of $4.57 billion, a price-to-earnings ratio of 18.35 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 for the quarter, missing analysts’ consensus estimates 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 prior year, the business earned $0.61 EPS. Robert Half’s revenue for the quarter was down 8.4% compared to the same quarter last year. Equities analysts predict that Robert Half Inc. will post 2.48 EPS for the current year.

Robert Half Dividend Announcement

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. The ex-dividend date is Friday, May 23rd. This represents a $2.36 dividend on an annualized basis and a yield of 5.27%. Robert Half’s payout ratio is 118.00%.

About Robert Half

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.