Robert Half Inc. $RHI Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lessened its stake in Robert Half Inc. (NYSE:RHI) by 79.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,874 shares of the business services provider’s stock after selling 72,394 shares during the period. Crossmark Global Holdings Inc.’s holdings in Robert Half were worth $641,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Robert Half during the 2nd quarter valued at approximately $34,000. Hantz Financial Services Inc. boosted its holdings in Robert Half by 952.4% during the third quarter. Hantz Financial Services Inc. now owns 1,105 shares of the business services provider’s stock worth $38,000 after buying an additional 1,000 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its position in Robert Half by 362.3% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 1,239 shares of the business services provider’s stock valued at $42,000 after buying an additional 971 shares during the period. SJS Investment Consulting Inc. grew its position in Robert Half by 20,257.1% during the third quarter. SJS Investment Consulting Inc. now owns 1,425 shares of the business services provider’s stock valued at $48,000 after buying an additional 1,418 shares during the period. Finally, Quent Capital LLC purchased a new position in Robert Half in the third quarter valued at $52,000. Institutional investors and hedge funds own 92.41% of the company’s stock.

Robert Half Stock Down 3.6%

Shares of NYSE RHI opened at $23.28 on Wednesday. The firm has a market cap of $2.35 billion, a price-to-earnings ratio of 17.50 and a beta of 0.90. The company’s 50-day simple moving average is $27.28 and its 200-day simple moving average is $29.45. Robert Half Inc. has a 52-week low of $22.32 and a 52-week high of $55.24.

Robert Half (NYSE:RHI) last released its quarterly earnings results on Thursday, January 29th. The business services provider reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.02. The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. Robert Half had a net margin of 2.47% and a return on equity of 10.26%. The company’s revenue for the quarter was down 5.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.53 EPS. Equities research analysts anticipate that Robert Half Inc. will post 2.48 EPS for the current fiscal year.

Robert Half Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Wednesday, February 25th will be issued a dividend of $0.59 per share. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 10.1%. Robert Half’s dividend payout ratio is presently 177.44%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on RHI shares. Barclays decreased their price objective on shares of Robert Half from $36.00 to $25.00 and set an “equal weight” rating for the company in a research report on Friday, March 6th. Weiss Ratings restated a “sell (d)” rating on shares of Robert Half in a research note on Monday, December 29th. BMO Capital Markets reduced their price target on Robert Half from $35.00 to $32.00 and set a “market perform” rating for the company in a report on Tuesday, February 17th. BNP Paribas Exane downgraded Robert Half from a “neutral” rating to an “underperform” rating and set a $22.00 price target on the stock. in a research report on Friday, December 5th. Finally, The Goldman Sachs Group raised their price objective on Robert Half from $24.00 to $27.00 and gave the company a “sell” rating in a report on Tuesday, February 3rd. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $31.75.

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.