Robert Half Inc. (NYSE:RHI) Shares Acquired by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC boosted its holdings in Robert Half Inc. (NYSE:RHI) by 504.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 20,685 shares of the business services provider’s stock after buying an additional 17,265 shares during the quarter. Schonfeld Strategic Advisors LLC’s holdings in Robert Half were worth $1,457,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Barclays PLC grew its holdings in shares of Robert Half by 131.6% in the 3rd quarter. Barclays PLC now owns 344,233 shares of the business services provider’s stock worth $23,205,000 after acquiring an additional 195,570 shares during the last quarter. Tidal Investments LLC raised its holdings in Robert Half by 6.1% during the 3rd quarter. Tidal Investments LLC now owns 13,946 shares of the business services provider’s stock worth $940,000 after buying an additional 797 shares during the period. JPMorgan Chase & Co. lifted its stake in Robert Half by 20.5% during the third quarter. JPMorgan Chase & Co. now owns 270,467 shares of the business services provider’s stock valued at $18,232,000 after buying an additional 46,100 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Robert Half by 58.9% in the fourth quarter. GAMMA Investing LLC now owns 1,084 shares of the business services provider’s stock worth $76,000 after buying an additional 402 shares during the period. Finally, Fulton Bank N.A. purchased a new position in shares of Robert Half in the fourth quarter worth approximately $274,000. Institutional investors own 92.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Barclays lowered their price objective on shares of Robert Half from $50.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 24th. Truist Financial set a $55.00 price objective on Robert Half and gave the stock a “buy” rating in a research note on Thursday, April 24th. JPMorgan Chase & Co. dropped their target price on Robert Half from $65.00 to $47.00 and set a “neutral” rating on the stock in a report on Thursday, April 24th. StockNews.com cut shares of Robert Half from a “buy” rating to a “hold” rating in a report on Tuesday, April 15th. Finally, The Goldman Sachs Group dropped their price objective on shares of Robert Half from $46.00 to $40.00 and set a “sell” rating on the stock in a research note on Thursday, April 24th. One research 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. Based on data from MarketBeat, Robert Half currently has a consensus rating of “Hold” and a consensus price target of $48.71.

Robert Half Stock Performance

Shares of RHI opened at $43.46 on Wednesday. The firm has a market cap of $4.43 billion, a PE ratio of 17.81 and a beta of 1.06. The firm’s 50 day moving average price is $50.42 and its 200 day moving average price is $62.64. Robert Half Inc. has a twelve month low of $40.00 and a twelve month high of $78.41.

Robert Half (NYSE:RHI) last released 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 business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.41 billion. Robert Half had a net margin of 4.34% and a return on equity of 17.20%. The firm’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.61 EPS. On average, sell-side analysts anticipate that Robert Half Inc. will post 2.48 earnings per share for the current fiscal year.

Robert Half Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 23rd will be given a dividend of $0.59 per share. The ex-dividend date is Friday, May 23rd. This represents a $2.36 dividend on an annualized basis and a yield of 5.43%. Robert Half’s payout ratio is currently 118.00%.

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.