Robert Half Inc. $RHI Shares Sold by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. lowered its stake in Robert Half Inc. (NYSE:RHI) by 35.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 35,839 shares of the business services provider’s stock after selling 19,916 shares during the quarter. Jefferies Financial Group Inc.’s holdings in Robert Half were worth $973,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in RHI. Royal Bank of Canada grew its stake in Robert Half by 19.3% in 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 during the period. Jones Financial Companies Lllp grew its stake in Robert Half by 498.7% in 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 during the period. Goldman Sachs Group Inc. grew its stake in Robert Half by 2.5% in 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 during the period. Empowered Funds LLC grew its stake in Robert Half by 91.8% in 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 during the period. Finally, Sivia Capital Partners LLC grew its stake in Robert Half by 94.6% in 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 during the period. Institutional investors and hedge funds own 92.41% of the company’s stock.

Robert Half Stock Up 4.9%

Shares of RHI opened at $28.45 on Friday. Robert Half Inc. has a 52-week low of $21.83 and a 52-week high of $46.69. The firm’s fifty day moving average is $25.94 and its two-hundred day moving average is $26.63. The stock has a market cap of $2.91 billion, a PE ratio of 21.88 and a beta of 0.80.

Robert Half (NYSE:RHI) last announced its earnings results on Thursday, April 23rd. The business services provider reported $0.14 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.14. Robert Half had a net margin of 2.43% and a return on equity of 10.14%. The company had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter in the previous year, the company posted $0.17 EPS. The firm’s quarterly revenue was down 3.8% on a year-over-year basis. As a group, research analysts anticipate that Robert Half Inc. will post 1.29 earnings per share for the current year.

Robert Half Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 22nd will be paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 8.3%. The ex-dividend date of this dividend is Friday, May 22nd. Robert Half’s payout ratio is 181.54%.

Analyst Ratings Changes

A number of research firms recently issued reports on RHI. JPMorgan Chase & Co. lifted their price target on shares of Robert Half from $29.00 to $31.00 and gave the company a “neutral” rating in a research note on Friday, January 30th. Barclays dropped their price target on shares of Robert Half from $36.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Friday, March 6th. Weiss Ratings cut shares of Robert Half from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, May 22nd. William Blair raised shares of Robert Half from a “market perform” rating to an “outperform” rating in a research note on Tuesday, April 21st. Finally, Truist Financial lifted their price target on shares of Robert Half from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat.com, Robert Half presently has an average rating of “Reduce” and an average 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.