Yousif Capital Management LLC Lowers Stock Holdings in Robert Half Inc. (NYSE:RHI)

Yousif Capital Management LLC decreased its position in shares of Robert Half Inc. (NYSE:RHI) by 1.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 40,296 shares of the business services provider’s stock after selling 785 shares during the period. Yousif Capital Management LLC’s holdings in Robert Half were worth $2,198,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in RHI. Van ECK Associates Corp increased its holdings in shares of Robert Half by 24.1% in the fourth quarter. Van ECK Associates Corp now owns 85,878 shares of the business services provider’s stock worth $6,051,000 after buying an additional 16,668 shares during the period. V Square Quantitative Management LLC increased its holdings in shares of Robert Half by 70.6% in the fourth quarter. V Square Quantitative Management LLC now owns 679 shares of the business services provider’s stock worth $48,000 after buying an additional 281 shares during the period. Allworth Financial LP increased its holdings in shares of Robert Half by 73.4% in the fourth quarter. Allworth Financial LP now owns 808 shares of the business services provider’s stock worth $57,000 after buying an additional 342 shares during the period. Capital Performance Advisors LLP increased its holdings in shares of Robert Half by 17.0% in the fourth quarter. Capital Performance Advisors LLP now owns 6,629 shares of the business services provider’s stock worth $467,000 after buying an additional 962 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in shares of Robert Half by 2.1% in the fourth quarter. Principal Financial Group Inc. now owns 491,773 shares of the business services provider’s stock worth $34,650,000 after buying an additional 10,122 shares during the period. Hedge funds and other institutional investors own 92.41% of the company’s stock.

Robert Half Stock Performance

Robert Half stock opened at $42.63 on Monday. The stock’s 50 day simple moving average is $45.95 and its two-hundred day simple moving average is $57.40. The stock has a market cap of $4.36 billion, a price-to-earnings ratio of 17.47 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.

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

Robert Half Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 23rd were given a dividend of $0.59 per share. The ex-dividend date was Friday, May 23rd. This represents a $2.36 annualized dividend and a yield of 5.54%. Robert Half’s payout ratio is 118.00%.

Wall Street Analyst Weigh In

Several research firms have recently commented on RHI. Wall Street Zen upgraded Robert Half from a “sell” rating to a “hold” rating in a report on Friday, June 6th. Truist Financial set a $55.00 target price on Robert Half and gave the stock a “buy” rating in a research note on Thursday, April 24th. BNP Paribas Exane cut Robert Half from an “outperform” rating to a “neutral” rating and set a $45.00 target price on the stock. in a research note on Friday, May 2nd. JPMorgan Chase & Co. cut their target price on Robert Half from $65.00 to $47.00 and set a “neutral” rating on the stock in a research note on Thursday, April 24th. Finally, The Goldman Sachs Group cut their target price on Robert Half from $46.00 to $40.00 and set a “sell” rating on the stock in a research note on Thursday, April 24th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $48.71.

Robert Half Company 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.