Cetera Investment Advisers Sells 13,193 Shares of Robert Half Inc. (NYSE:RHI)

Cetera Investment Advisers cut its holdings in Robert Half Inc. (NYSE:RHI) by 25.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,475 shares of the business services provider’s stock after selling 13,193 shares during the quarter. Cetera Investment Advisers’ holdings in Robert Half were worth $2,099,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in RHI. LPL Financial LLC lifted its position in Robert Half by 12.8% in the 4th quarter. LPL Financial LLC now owns 35,554 shares of the business services provider’s stock valued at $2,505,000 after acquiring an additional 4,021 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Robert Half by 19.7% in the 4th quarter. JPMorgan Chase & Co. now owns 323,655 shares of the business services provider’s stock valued at $22,805,000 after acquiring an additional 53,188 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its position in Robert Half by 42.5% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 7,036 shares of the business services provider’s stock valued at $496,000 after acquiring an additional 2,098 shares in the last quarter. Wells Fargo & Company MN lifted its position in Robert Half by 3.9% in the 4th quarter. Wells Fargo & Company MN now owns 69,110 shares of the business services provider’s stock valued at $4,869,000 after acquiring an additional 2,615 shares in the last quarter. Finally, Wedbush Securities Inc. bought a new position in Robert Half in the 4th quarter valued at approximately $224,000. 92.41% of the stock is owned by institutional investors.

Robert Half Price Performance

NYSE:RHI opened at $34.39 on Friday. The firm has a market capitalization of $3.51 billion, a price-to-earnings ratio of 19.65 and a beta of 1.02. Robert Half Inc. has a one year low of $34.26 and a one year high of $78.41. The business has a fifty day moving average price of $41.30 and a 200-day moving average price of $49.23.

Robert Half (NYSE:RHI) last posted its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $0.41 EPS for the quarter, topping the consensus estimate of $0.40 by $0.01. The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.35 billion. Robert Half had a return on equity of 13.00% and a net margin of 3.20%. Robert Half’s revenue was down 7.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.66 EPS. On average, equities research analysts expect that Robert Half Inc. will post 2.48 earnings per share for the current fiscal year.

Robert Half Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, August 25th will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 6.9%. The ex-dividend date is Monday, August 25th. Robert Half’s dividend payout ratio is 134.86%.

Analysts Set New Price Targets

A number of brokerages have weighed in on RHI. Wall Street Zen upgraded shares of Robert Half from a “sell” rating to a “hold” rating in a research note on Sunday, August 3rd. Truist Financial set a $55.00 target price on shares of Robert Half and gave the company a “buy” rating in a research note on Thursday, April 24th. JPMorgan Chase & Co. decreased their target price on shares of Robert Half from $47.00 to $45.00 and set a “neutral” rating for the company in a research note on Thursday, July 24th. Barclays decreased their target price on shares of Robert Half from $50.00 to $45.00 and set an “equal weight” rating for the company in a research note on Thursday, April 24th. Finally, BNP Paribas Exane lowered shares of Robert Half from an “outperform” rating to a “neutral” rating and set a $45.00 target price for the company. in a research note on Friday, May 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, Robert Half presently has a consensus rating of “Hold” and an average target price of $45.83.

Robert Half 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.