Martin Capital Partners LLC Lowers Position in Robert Half Inc. (NYSE:RHI)

Martin Capital Partners LLC lowered its holdings in Robert Half Inc. (NYSE:RHI) by 5.4% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,881 shares of the business services provider’s stock after selling 1,547 shares during the period. Martin Capital Partners LLC’s holdings in Robert Half were worth $1,466,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of RHI. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Robert Half by 613.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 364 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 313 shares during the last quarter. Headlands Technologies LLC bought a new position in Robert Half during the 4th quarter worth approximately $26,000. Signaturefd LLC grew its position in Robert Half by 121.3% during the 4th quarter. Signaturefd LLC now owns 436 shares of the business services provider’s stock worth $31,000 after acquiring an additional 239 shares during the last quarter. CX Institutional bought a new position in Robert Half during the 1st quarter worth approximately $33,000. Finally, GeoWealth Management LLC bought a new position in Robert Half during the 4th quarter worth approximately $35,000. 92.41% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on RHI. BNP Paribas lowered Robert Half from an “outperform” rating to a “neutral” rating and set a $45.00 price target on the stock. in a research report on Friday, May 2nd. JPMorgan Chase & Co. reduced their price target on Robert Half from $65.00 to $47.00 and set a “neutral” rating on the stock in a research report on Thursday, April 24th. Truist Financial set a $55.00 price target on Robert Half and gave the stock a “buy” rating in a research report on Thursday, April 24th. Wall Street Zen upgraded Robert Half from a “sell” rating to a “hold” rating in a research report on Friday, June 6th. Finally, Barclays reduced their price target on Robert Half from $50.00 to $45.00 and set an “equal weight” rating on the stock in a research 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. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $48.71.

Robert Half Stock Performance

Shares of RHI stock opened at $44.71 on Wednesday. The firm has a market cap of $4.57 billion, a P/E ratio of 18.32 and a beta of 1.04. Robert Half Inc. has a fifty-two week low of $40.00 and a fifty-two week high of $78.41. The business’s 50 day moving average price is $46.18 and its 200-day moving average price is $58.18.

Robert Half (NYSE:RHI) last issued its quarterly earnings data 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). The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.41 billion. Robert Half had a return on equity of 17.20% and a net margin of 4.34%. Robert Half’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.61 earnings per share. As a group, equities analysts predict that Robert Half Inc. will post 2.48 EPS for the current year.

Robert Half Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 23rd will be paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 5.28%. The ex-dividend date is Friday, May 23rd. Robert Half’s 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.