New York State Teachers Retirement System Has $3.97 Million Stake in Robert Half Inc. $RHI

New York State Teachers Retirement System trimmed its holdings in Robert Half Inc. (NYSE:RHI) by 16.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 96,650 shares of the business services provider’s stock after selling 19,248 shares during the period. New York State Teachers Retirement System owned 0.09% of Robert Half worth $3,967,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quarry LP raised its position in shares of Robert Half by 540.8% in the first quarter. Quarry LP now owns 487 shares of the business services provider’s stock valued at $27,000 after buying an additional 411 shares in the last quarter. Manchester Capital Management LLC raised its position in Robert Half by 45.0% during the first quarter. Manchester Capital Management LLC now owns 825 shares of the business services provider’s stock valued at $45,000 after purchasing an additional 256 shares in the last quarter. Allworth Financial LP raised its position in Robert Half by 80.4% during the first quarter. Allworth Financial LP now owns 1,458 shares of the business services provider’s stock valued at $80,000 after purchasing an additional 650 shares in the last quarter. Parallel Advisors LLC raised its position in Robert Half by 30.2% during the second quarter. Parallel Advisors LLC now owns 2,013 shares of the business services provider’s stock valued at $83,000 after purchasing an additional 467 shares in the last quarter. Finally, Signaturefd LLC raised its position in Robert Half by 286.5% during the first quarter. Signaturefd LLC now owns 1,685 shares of the business services provider’s stock valued at $92,000 after purchasing an additional 1,249 shares in the last quarter. 92.41% of the stock is currently owned by institutional investors and hedge funds.

Robert Half Stock Performance

Shares of NYSE:RHI opened at $30.78 on Tuesday. The company has a fifty day moving average of $35.02 and a 200-day moving average of $40.47. The company has a market capitalization of $3.13 billion, a PE ratio of 17.59 and a beta of 1.02. Robert Half Inc. has a 52-week low of $30.74 and a 52-week high of $78.41.

Robert Half (NYSE:RHI) last announced its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.01. The company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.35 billion. Robert Half had a net margin of 3.20% and a return on equity of 13.00%. The company’s revenue for the quarter was down 7.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.66 earnings per share. On average, equities analysts forecast that Robert Half Inc. will post 2.48 EPS for the current fiscal year.

Robert Half Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, August 25th were paid a $0.59 dividend. The ex-dividend date of this dividend was Monday, August 25th. This represents a $2.36 annualized dividend and a dividend yield of 7.7%. Robert Half’s payout ratio is currently 134.86%.

Wall Street Analysts Forecast Growth

RHI has been the subject of several research analyst reports. Zacks Research downgraded shares of Robert Half from a “hold” rating to a “strong sell” rating in a research report on Monday, September 22nd. Wall Street Zen upgraded shares of Robert Half from a “sell” rating to a “hold” rating in a research report on Sunday, August 3rd. JPMorgan Chase & Co. lowered their price objective on shares of Robert Half from $47.00 to $45.00 and set a “neutral” rating for the company in a research report on Thursday, July 24th. Truist Financial lowered their price objective on shares of Robert Half from $55.00 to $50.00 and set a “buy” rating for the company in a research report on Monday, October 13th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Robert Half in a research report on Tuesday, October 14th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $45.00.

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.