Hsbc Holdings PLC Sells 30,830 Shares of Robert Half Inc. $RHI

Hsbc Holdings PLC trimmed its stake in Robert Half Inc. (NYSE:RHI) by 20.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 122,291 shares of the business services provider’s stock after selling 30,830 shares during the period. Hsbc Holdings PLC’s holdings in Robert Half were worth $3,345,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of RHI. AQR Capital Management LLC raised its stake in Robert Half by 24.8% in the third quarter. AQR Capital Management LLC now owns 7,738,454 shares of the business services provider’s stock worth $262,953,000 after buying an additional 1,537,245 shares in the last quarter. Capital Research Global Investors boosted its position in Robert Half by 0.3% during the 3rd quarter. Capital Research Global Investors now owns 5,971,698 shares of the business services provider’s stock valued at $202,918,000 after acquiring an additional 15,815 shares in the last quarter. Capital World Investors grew its holdings in shares of Robert Half by 36.0% during the 4th quarter. Capital World Investors now owns 5,902,279 shares of the business services provider’s stock worth $160,306,000 after acquiring an additional 1,561,146 shares during the period. State Street Corp grew its holdings in shares of Robert Half by 2.7% during the 2nd quarter. State Street Corp now owns 4,873,440 shares of the business services provider’s stock worth $200,055,000 after acquiring an additional 127,322 shares during the period. Finally, Pzena Investment Management LLC grew its holdings in shares of Robert Half by 38.2% during the 4th quarter. Pzena Investment Management LLC now owns 4,394,851 shares of the business services provider’s stock worth $119,364,000 after acquiring an additional 1,214,883 shares during the period. Institutional investors own 92.41% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on RHI shares. Barclays lowered their target price on Robert Half from $36.00 to $25.00 and set an “equal weight” rating for the company in a research note on Friday, March 6th. Zacks Research cut Robert Half from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 29th. William Blair upgraded Robert Half from a “market perform” rating to an “outperform” rating in a report on Tuesday, April 21st. Finally, Weiss Ratings raised Robert Half from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, June 17th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $31.75.

Robert Half Stock Performance

Shares of NYSE RHI opened at $32.76 on Monday. Robert Half Inc. has a fifty-two week low of $21.83 and a fifty-two week high of $43.82. The company has a 50 day simple moving average of $28.58 and a two-hundred day simple moving average of $27.24. The company has a market capitalization of $3.35 billion, a price-to-earnings ratio of 25.20 and a beta of 0.84.

Robert Half (NYSE:RHI) last released its earnings results on Thursday, April 23rd. The business services provider reported $0.14 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.14. Robert Half had a net margin of 2.43% and a return on equity of 10.14%. The firm had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same period last year, the business earned $0.17 earnings per share. The business’s revenue was down 3.8% on a year-over-year basis. On average, analysts forecast that Robert Half Inc. will post 1.29 earnings per share for the current fiscal year.

Robert Half Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 22nd were paid a dividend of $0.59 per share. The ex-dividend date was Friday, May 22nd. This represents a $2.36 dividend on an annualized basis and a yield of 7.2%. Robert Half’s payout ratio is presently 181.54%.

Robert Half Profile

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.