JLB & Associates Inc. Sells 34,428 Shares of Robert Half Inc. (NYSE:RHI)

JLB & Associates Inc. lowered its stake in Robert Half Inc. (NYSE:RHI) by 77.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,053 shares of the business services provider’s stock after selling 34,428 shares during the period. JLB & Associates Inc.’s holdings in Robert Half were worth $548,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Robert Half by 613.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 364 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 313 shares during the last quarter. Headlands Technologies LLC bought a new position in Robert Half in the fourth quarter valued at about $26,000. Signaturefd LLC boosted its stake in shares of Robert Half by 121.3% during the fourth quarter. Signaturefd LLC now owns 436 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 239 shares in the last quarter. GeoWealth Management LLC bought a new stake in shares of Robert Half during the fourth quarter worth about $35,000. Finally, Orion Capital Management LLC acquired a new position in shares of Robert Half in the fourth quarter valued at approximately $41,000. Institutional investors own 92.41% of the company’s stock.

Analyst Upgrades and Downgrades

RHI has been the topic of several recent research reports. JPMorgan Chase & Co. cut their target price on shares of Robert Half from $65.00 to $47.00 and set a “neutral” rating on the stock in a research report on Thursday, April 24th. BNP Paribas Exane lowered shares of Robert Half from an “outperform” rating to a “neutral” rating and set a $45.00 price target on the stock. in a report on Friday, May 2nd. The Goldman Sachs Group decreased their price objective on Robert Half from $46.00 to $40.00 and set a “sell” rating for the company in a report on Thursday, April 24th. BNP Paribas downgraded Robert Half from an “outperform” rating to a “neutral” rating and set a $45.00 target price on the stock. in a report on Friday, May 2nd. Finally, Truist Financial set a $55.00 price target on Robert Half and gave the company a “buy” rating in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Robert Half presently has a consensus rating of “Hold” and an average price target of $48.71.

Robert Half Stock Up 1.3%

RHI stock opened at $43.19 on Tuesday. The firm has a market cap of $4.41 billion, a price-to-earnings ratio of 17.70 and a beta of 1.04. The company’s fifty day simple moving average is $45.89 and its 200 day simple moving average is $57.18. Robert Half Inc. has a 12-month low of $40.00 and a 12-month high of $78.41.

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

Robert Half Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 23rd were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 5.46%. The ex-dividend date of this dividend was Friday, May 23rd. Robert Half’s dividend payout ratio (DPR) is presently 118.00%.

Robert Half 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.