First National Advisers LLC Has $697,000 Stock Holdings in Robert Half Inc. $RHI

First National Advisers LLC cut its position in Robert Half Inc. (NYSE:RHI) by 50.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 25,671 shares of the business services provider’s stock after selling 26,047 shares during the quarter. First National Advisers LLC’s holdings in Robert Half were worth $697,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Pzena Investment Management LLC raised its holdings in Robert Half by 33.8% during the third quarter. Pzena Investment Management LLC now owns 3,179,968 shares of the business services provider’s stock worth $108,055,000 after buying an additional 802,691 shares during the last quarter. Evergreen Capital Management LLC acquired a new position in Robert Half during the third quarter worth $1,204,000. Deprince Race & Zollo Inc. raised its holdings in Robert Half by 40.8% during the fourth quarter. Deprince Race & Zollo Inc. now owns 2,440,961 shares of the business services provider’s stock worth $66,297,000 after buying an additional 707,078 shares during the last quarter. Frank Rimerman Advisors LLC acquired a new position in Robert Half during the third quarter worth $1,860,000. Finally, AMG National Trust Bank acquired a new position in Robert Half during the third quarter worth $1,372,000. 92.41% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

RHI has been the topic of several analyst reports. Zacks Research cut Robert Half from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 29th. Barclays cut their target price on Robert Half from $36.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Friday, March 6th. The Goldman Sachs Group lifted their target price on Robert Half from $24.00 to $27.00 and gave the company a “sell” rating in a research report on Tuesday, February 3rd. BMO Capital Markets cut their target price on Robert Half from $35.00 to $32.00 and set a “market perform” rating on the stock in a research report on Tuesday, February 17th. Finally, Robert W. Baird set a $50.00 target price on Robert Half in a research report on Friday, January 30th. Two equities 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 company’s stock. Based on data from MarketBeat.com, Robert Half has an average rating of “Reduce” and an average price target of $31.75.

Robert Half Trading Down 1.8%

Shares of Robert Half stock opened at $26.06 on Wednesday. The business’s fifty day simple moving average is $25.25 and its 200 day simple moving average is $26.69. The firm has a market capitalization of $2.67 billion, a P/E ratio of 20.05 and a beta of 0.80. Robert Half Inc. has a 12 month low of $21.83 and a 12 month high of $48.28.

Robert Half (NYSE:RHI) last issued its quarterly earnings results on Thursday, April 23rd. The business services provider reported $0.14 EPS for the quarter, hitting analysts’ consensus estimates of $0.14. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.34 billion. Robert Half had a return on equity of 10.14% and a net margin of 2.43%.Robert Half’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same period last year, the company posted $0.17 earnings per share. Analysts predict that Robert Half Inc. will post 1.36 EPS for the current fiscal year.

Robert Half Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 22nd will be issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 9.1%. The ex-dividend date of this dividend is Friday, May 22nd. Robert Half’s payout ratio is 181.54%.

About Robert Half

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.