US Bancorp DE Has $189,000 Position in Robert Half Inc. (NYSE:RHI)

US Bancorp DE cut its holdings in Robert Half Inc. (NYSE:RHI) by 30.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,462 shares of the business services provider’s stock after selling 1,495 shares during the quarter. US Bancorp DE’s holdings in Robert Half were worth $189,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RHI. CX Institutional bought a new stake in Robert Half during the 1st quarter worth about $33,000. GeoWealth Management LLC bought a new stake in Robert Half during the 4th quarter worth about $35,000. Orion Capital Management LLC bought a new stake in Robert Half during the 4th quarter worth about $41,000. Allworth Financial LP lifted its position in Robert Half by 80.4% during the 1st quarter. Allworth Financial LP now owns 1,458 shares of the business services provider’s stock worth $80,000 after buying an additional 650 shares in the last quarter. Finally, Parallel Advisors LLC lifted its position in Robert Half by 72.9% during the 1st quarter. Parallel Advisors LLC now owns 1,546 shares of the business services provider’s stock worth $84,000 after buying an additional 652 shares in the last quarter. 92.41% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Barclays cut their price target on shares of Robert Half from $50.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 24th. JPMorgan Chase & Co. cut their price target on shares of Robert Half from $47.00 to $45.00 and set a “neutral” rating on the stock in a research report on Thursday, July 24th. The Goldman Sachs Group cut their price target on shares of Robert Half from $46.00 to $40.00 and set a “sell” rating on the stock in a research report on Thursday, April 24th. BNP Paribas cut shares of Robert Half from an “outperform” rating to a “neutral” rating and set a $45.00 price target on the stock. in a research report on Friday, May 2nd. Finally, Wall Street Zen upgraded shares of Robert Half from a “sell” rating to a “hold” rating in a research note on Sunday, August 3rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Robert Half currently has an average rating of “Hold” and an average target price of $45.83.

Robert Half Price Performance

Robert Half stock opened at $36.33 on Friday. The firm has a market capitalization of $3.70 billion, a PE ratio of 20.76 and a beta of 1.02. The company’s 50-day moving average is $40.18 and its 200-day moving average is $47.77. Robert Half Inc. has a fifty-two week low of $33.18 and a fifty-two week high of $78.41.

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

Robert Half Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, August 25th will be paid a $0.59 dividend. The ex-dividend date is Monday, August 25th. This represents a $2.36 dividend on an annualized basis and a yield of 6.5%. Robert Half’s dividend payout ratio is 134.86%.

About Robert Half

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.