JLB & Associates Inc. Has $548,000 Position in Robert Half Inc. (NYSE:RHI)

JLB & Associates Inc. lessened its stake in shares of Robert Half Inc. (NYSE:RHI) by 77.4% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 10,053 shares of the business services provider’s stock after selling 34,428 shares during the quarter. JLB & Associates Inc.’s holdings in Robert Half were worth $548,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Robert Half by 613.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 364 shares of the business services provider’s stock worth $25,000 after acquiring an additional 313 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of Robert Half during the fourth quarter worth approximately $26,000. Signaturefd LLC lifted its holdings 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 purchasing an additional 239 shares during the last quarter. CX Institutional acquired a new stake in Robert Half during the 1st quarter worth approximately $33,000. Finally, GeoWealth Management LLC bought a new stake in Robert Half in the 4th quarter valued at $35,000. Institutional investors own 92.41% of the company’s stock.

Robert Half Stock Up 1.3%

Shares of Robert Half stock opened at $43.19 on Tuesday. Robert Half Inc. has a 12-month low of $40.00 and a 12-month high of $78.41. The company has a market capitalization of $4.41 billion, a price-to-earnings ratio of 17.70 and a beta of 1.04. The firm’s 50-day moving average price is $45.89 and its two-hundred day moving average price is $57.18.

Robert Half (NYSE:RHI) last announced its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.19). Robert Half had a net margin of 4.34% and a return on equity of 17.20%. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.41 billion. During the same period last year, the business earned $0.61 earnings per share. The business’s revenue was down 8.4% compared to the same quarter last year. On average, sell-side analysts expect that Robert Half Inc. will post 2.48 earnings per share for the current year.

Robert Half Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 23rd were given a dividend of $0.59 per share. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $2.36 annualized dividend and a dividend yield of 5.46%. Robert Half’s dividend payout ratio is currently 118.00%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. BNP Paribas cut Robert Half from an “outperform” rating to a “neutral” rating and set a $45.00 price objective on the stock. in a research report on Friday, May 2nd. The Goldman Sachs Group decreased their price target on shares of Robert Half from $46.00 to $40.00 and set a “sell” rating on the stock in a research note on Thursday, April 24th. Barclays lowered their price target on shares of 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. 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. Finally, Wall Street Zen upgraded shares of Robert Half from a “sell” rating to a “hold” rating in a research report on Friday, June 6th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, Robert Half has an average rating of “Hold” and a consensus target price of $48.71.

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.