Cerity Partners LLC Cuts Holdings in Robert Half Inc. (NYSE:RHI)

Cerity Partners LLC trimmed its holdings in shares of Robert Half Inc. (NYSE:RHI) by 29.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 40,074 shares of the business services provider’s stock after selling 16,344 shares during the period. Cerity Partners LLC’s holdings in Robert Half were worth $2,186,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in RHI. HighTower Advisors LLC boosted its stake in Robert Half by 2.4% during the 4th quarter. HighTower Advisors LLC now owns 36,911 shares of the business services provider’s stock valued at $2,601,000 after purchasing an additional 863 shares during the last quarter. Natixis Advisors LLC boosted its stake in shares of Robert Half by 18.1% in the 4th quarter. Natixis Advisors LLC now owns 44,759 shares of the business services provider’s stock worth $3,154,000 after buying an additional 6,873 shares during the last quarter. Signaturefd LLC boosted its stake in shares of Robert Half by 121.3% in the 4th quarter. Signaturefd LLC now owns 436 shares of the business services provider’s stock worth $31,000 after buying an additional 239 shares during the last quarter. Generali Asset Management SPA SGR purchased a new position in shares of Robert Half in the 4th quarter worth $71,000. Finally, Xponance Inc. boosted its stake in shares of Robert Half by 17.8% in the 4th quarter. Xponance Inc. now owns 6,195 shares of the business services provider’s stock worth $436,000 after buying an additional 936 shares during the last quarter. 92.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on RHI. Truist Financial set a $55.00 price target 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 report on Friday, May 2nd. The Goldman Sachs Group decreased their target price on Robert Half from $46.00 to $40.00 and set a “sell” rating on the stock in a report on Thursday, April 24th. JPMorgan Chase & Co. decreased their target price on Robert Half from $65.00 to $47.00 and set a “neutral” rating on the stock in a report on Thursday, April 24th. Finally, Barclays decreased their target price on Robert Half from $50.00 to $45.00 and set an “equal weight” rating on the stock in a report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Robert Half currently has a consensus rating of “Hold” and an average target price of $48.71.

Robert Half Trading Down 0.7%

RHI opened at $41.84 on Friday. The firm has a market cap of $4.27 billion, a P/E ratio of 20.92 and a beta of 1.00. Robert Half Inc. has a 12 month low of $39.61 and a 12 month high of $78.41. The stock has a 50-day moving average of $43.72 and a 200 day moving average of $52.08.

Robert Half (NYSE:RHI) last announced its earnings results on Wednesday, April 23rd. The business services provider reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.19). The business had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.41 billion. Robert Half had a net margin of 3.62% and a return on equity of 14.54%. The firm’s quarterly revenue was down 8.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.61 EPS. On average, research analysts forecast that Robert Half Inc. will post 2.48 earnings per share for the current fiscal year.

Robert Half Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 23rd were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 5.64%. The ex-dividend date was Friday, May 23rd. Robert Half’s dividend payout ratio (DPR) is 118.00%.

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.