Robert Half Inc. $RHI Shares Sold by UBS Group AG

UBS Group AG reduced its position in shares of Robert Half Inc. (NYSE:RHI) by 37.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,114,720 shares of the business services provider’s stock after selling 661,601 shares during the quarter. UBS Group AG’s holdings in Robert Half were worth $30,276,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in RHI. Royal Bank of Canada raised its position in shares of Robert Half by 19.3% during the 1st quarter. Royal Bank of Canada now owns 38,352 shares of the business services provider’s stock valued at $2,092,000 after acquiring an additional 6,212 shares in the last quarter. Jones Financial Companies Lllp raised its position in shares of Robert Half by 498.7% during the 1st quarter. Jones Financial Companies Lllp now owns 6,813 shares of the business services provider’s stock valued at $372,000 after acquiring an additional 5,675 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Robert Half by 2.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 304,359 shares of the business services provider’s stock valued at $16,603,000 after acquiring an additional 7,523 shares in the last quarter. Empowered Funds LLC raised its position in shares of Robert Half by 91.8% during the 1st quarter. Empowered Funds LLC now owns 55,719 shares of the business services provider’s stock valued at $3,039,000 after acquiring an additional 26,672 shares in the last quarter. Finally, Sivia Capital Partners LLC raised its position in shares of Robert Half by 94.6% during the 2nd quarter. Sivia Capital Partners LLC now owns 8,098 shares of the business services provider’s stock valued at $332,000 after acquiring an additional 3,937 shares in the last quarter. 92.41% of the stock is owned by institutional investors and hedge funds.

Robert Half Price Performance

Shares of NYSE RHI opened at $26.98 on Friday. Robert Half Inc. has a 1-year low of $21.83 and a 1-year high of $48.54. The business’s fifty day moving average price is $25.11 and its two-hundred day moving average price is $26.78. The firm has a market capitalization of $2.76 billion, a PE ratio of 20.75 and a beta of 0.80.

Robert Half (NYSE:RHI) last issued its earnings results on Thursday, April 23rd. The business services provider reported $0.14 earnings per share for the quarter, hitting the consensus estimate of $0.14. Robert Half had a return on equity of 10.14% and a net margin of 2.43%.The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same period last year, the company earned $0.17 earnings per share. The firm’s revenue for the quarter was down 3.8% on a year-over-year basis. Equities research analysts expect that Robert Half Inc. will post 1.36 earnings per share for the current fiscal year.

Robert Half Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 22nd will be given a $0.59 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $2.36 annualized dividend and a yield of 8.7%. Robert Half’s dividend payout ratio (DPR) is currently 181.54%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. William Blair raised Robert Half from a “market perform” rating to an “outperform” rating in a research report on Tuesday, April 21st. The Goldman Sachs Group upped their price target on Robert Half from $24.00 to $27.00 and gave the company a “sell” rating in a research report on Tuesday, February 3rd. Zacks Research lowered Robert Half from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 29th. Barclays dropped their price target on Robert Half from $36.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Friday, March 6th. Finally, Robert W. Baird set a $50.00 price target on Robert Half in a research report on Friday, January 30th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $31.75.

About Robert Half

Robert Half International Inc, founded in 1948 by Robert Half, is a global professional staffing and consulting firm headquartered in Menlo Park, California. As a pioneer in specialized staffing, the company has built a reputation for matching skilled professionals with leading organizations across a range of industries. Robert Half’s shares trade on the New York Stock Exchange under the ticker RHI, reflecting its position as one of the longest‐standing and best‐known firms in the staffing sector.

The company offers a comprehensive suite of services, including temporary staffing, permanent placement, and consulting solutions.