Legal & General Group Plc Sells 29,537 Shares of Robert Half Inc. (NYSE:RHI)

Legal & General Group Plc lowered its stake in shares of Robert Half Inc. (NYSE:RHI) by 7.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 351,967 shares of the business services provider’s stock after selling 29,537 shares during the quarter. Legal & General Group Plc’s holdings in Robert Half were worth $24,800,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of RHI. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings 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 worth $25,000 after acquiring an additional 313 shares during the last quarter. Headlands Technologies LLC purchased a new stake in Robert Half in the 4th quarter worth about $26,000. Signaturefd LLC lifted its stake in Robert Half by 121.3% in the fourth quarter. Signaturefd LLC now owns 436 shares of the business services provider’s stock worth $31,000 after purchasing an additional 239 shares during the last quarter. Eastern Bank purchased a new position in shares of Robert Half during the fourth quarter valued at approximately $35,000. Finally, V Square Quantitative Management LLC grew its stake in shares of Robert Half by 70.6% during the fourth quarter. V Square Quantitative Management LLC now owns 679 shares of the business services provider’s stock valued at $48,000 after buying an additional 281 shares during the last quarter. Hedge funds and other institutional investors own 92.41% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. StockNews.com raised Robert Half from a “hold” rating to a “buy” rating in a research note on Monday, April 7th. JPMorgan Chase & Co. lowered their target price on shares of Robert Half from $69.00 to $65.00 and set a “neutral” rating for the company in a research note on Thursday, January 30th. Barclays reduced their price target on shares of Robert Half from $80.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Thursday. Finally, BNP Paribas raised shares of Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 price objective for the company in a research report on Monday, February 10th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $69.92.

Robert Half Price Performance

NYSE:RHI opened at $49.47 on Monday. The firm has a market cap of $5.06 billion, a PE ratio of 20.27 and a beta of 1.13. The company has a 50-day moving average of $55.24 and a 200 day moving average of $65.17. Robert Half Inc. has a 1-year low of $44.97 and a 1-year high of $78.41.

Robert Half (NYSE:RHI) last released its quarterly earnings data on Wednesday, January 29th. The business services provider reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). Robert Half had a net margin of 4.34% and a return on equity of 17.20%. Sell-side analysts anticipate that Robert Half Inc. will post 2.48 EPS for the current fiscal year.

Robert Half Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Tuesday, February 25th were paid a dividend of $0.59 per share. This is a boost from Robert Half’s previous quarterly dividend of $0.53. This represents a $2.36 dividend on an annualized basis and a dividend yield of 4.77%. The ex-dividend date was Tuesday, February 25th. Robert Half’s dividend payout ratio is 96.72%.

About Robert Half

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.