iSAM Funds UK Ltd Sells 3,877 Shares of Robert Half Inc. (NYSE:RHI)

iSAM Funds UK Ltd trimmed its position in shares of Robert Half Inc. (NYSE:RHI) by 45.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,564 shares of the business services provider’s stock after selling 3,877 shares during the quarter. iSAM Funds UK Ltd’s holdings in Robert Half were worth $322,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Exchange Traded Concepts LLC increased its stake in Robert Half by 1.4% during the 4th quarter. Exchange Traded Concepts LLC now owns 12,326 shares of the business services provider’s stock valued at $868,000 after purchasing an additional 166 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Robert Half by 0.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 30,716 shares of the business services provider’s stock valued at $2,164,000 after buying an additional 205 shares during the last quarter. Quadrant Capital Group LLC increased its position in shares of Robert Half by 11.3% during the fourth quarter. Quadrant Capital Group LLC now owns 2,155 shares of the business services provider’s stock worth $152,000 after acquiring an additional 218 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its position in shares of Robert Half by 39.3% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 780 shares of the business services provider’s stock worth $55,000 after acquiring an additional 220 shares in the last quarter. Finally, Signaturefd LLC raised its holdings in shares of Robert Half by 121.3% in the 4th quarter. Signaturefd LLC now owns 436 shares of the business services provider’s stock worth $31,000 after acquiring an additional 239 shares during the last quarter. 92.41% of the stock is currently owned by institutional investors.

Robert Half Trading Down 1.7%

RHI stock opened at $47.32 on Wednesday. The stock has a market cap of $4.83 billion, a P/E ratio of 19.39 and a beta of 1.06. The stock’s fifty day simple moving average is $48.78 and its two-hundred day simple moving average is $61.17. Robert Half Inc. has a 1-year low of $40.00 and a 1-year high of $78.41.

Robert Half (NYSE:RHI) last issued its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.19). The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.41 billion. Robert Half had a return on equity of 17.20% and a net margin of 4.34%. Robert Half’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same period last year, the firm posted $0.61 earnings per share. As a group, analysts forecast that Robert Half Inc. will post 2.48 earnings per share for the current fiscal year.

Robert Half Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 23rd will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 4.99%. The ex-dividend date is Friday, May 23rd. Robert Half’s dividend payout ratio is currently 118.00%.

Analyst Ratings Changes

A number of research firms have issued reports on RHI. Barclays cut their price target on 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. StockNews.com cut Robert Half from a “buy” rating to a “hold” rating in a research report on Tuesday, April 15th. BNP Paribas lowered Robert Half from an “outperform” rating to a “neutral” rating and set a $45.00 price target for the company. in a research report on Friday, May 2nd. BNP Paribas Exane cut Robert Half from an “outperform” rating to a “neutral” rating and set a $45.00 price objective on the stock. in a research note on Friday, May 2nd. Finally, Truist Financial set a $55.00 target price on shares of Robert Half and gave the stock a “buy” rating in a research note on Thursday, April 24th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $48.71.

Robert Half Company 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.