Legal & General Group Plc Sells 30,577 Shares of Robert Half Inc. $RHI

Legal & General Group Plc decreased its position in Robert Half Inc. (NYSE:RHI) by 9.0% during the 4th quarter, Holdings Channel reports. The firm owned 309,410 shares of the business services provider’s stock after selling 30,577 shares during the period. Legal & General Group Plc’s holdings in Robert Half were worth $8,404,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Quadrant Capital Group LLC boosted its holdings in shares of Robert Half by 3.5% during the 3rd quarter. Quadrant Capital Group LLC now owns 12,069 shares of the business services provider’s stock valued at $410,000 after buying an additional 407 shares in the last quarter. Arizona State Retirement System boosted its holdings in shares of Robert Half by 1.6% during the 3rd quarter. Arizona State Retirement System now owns 30,231 shares of the business services provider’s stock valued at $1,027,000 after buying an additional 462 shares in the last quarter. IFP Advisors Inc boosted its holdings in shares of Robert Half by 9.0% during the 4th quarter. IFP Advisors Inc now owns 6,845 shares of the business services provider’s stock valued at $186,000 after buying an additional 564 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of Robert Half by 1.1% during the 4th quarter. State of Alaska Department of Revenue now owns 56,746 shares of the business services provider’s stock valued at $1,541,000 after buying an additional 601 shares in the last quarter. Finally, Fifth Third Bancorp boosted its holdings in shares of Robert Half by 94.3% during the 4th quarter. Fifth Third Bancorp now owns 1,368 shares of the business services provider’s stock valued at $37,000 after buying an additional 664 shares in the last quarter. Institutional investors own 92.41% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on RHI shares. Barclays lowered their price target on 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. William Blair raised Robert Half from a “market perform” rating to an “outperform” rating in a research report on Tuesday, April 21st. Zacks Research lowered Robert Half from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 29th. Weiss Ratings lowered Robert Half from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 22nd. Finally, BMO Capital Markets lowered their price target on Robert Half from $35.00 to $32.00 and set a “market perform” rating for the company in a research report on Tuesday, February 17th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, Robert Half has an average rating of “Reduce” and a consensus price target of $31.75.

Robert Half Stock Performance

Shares of NYSE:RHI opened at $31.37 on Friday. Robert Half Inc. has a fifty-two week low of $21.83 and a fifty-two week high of $45.67. The business has a 50-day simple moving average of $26.74 and a two-hundred day simple moving average of $26.78. The firm has a market cap of $3.21 billion, a price-to-earnings ratio of 24.13 and a beta of 0.84.

Robert Half (NYSE:RHI) last released its quarterly earnings results on Thursday, April 23rd. The business services provider reported $0.14 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.14. The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.34 billion. Robert Half had a return on equity of 10.14% and a net margin of 2.43%.The business’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.17 EPS. As a group, research analysts predict that Robert Half Inc. will post 1.29 earnings per share for the current year.

Robert Half Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 22nd will be paid a dividend of $0.59 per share. The ex-dividend date is Friday, May 22nd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 7.5%. Robert Half’s payout ratio is 181.54%.

Robert Half Company 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.