Capital Research Global Investors Sells 4,763,388 Shares of Robert Half Inc. $RHI

Capital Research Global Investors decreased its holdings in Robert Half Inc. (NYSE:RHI) by 79.8% in the fourth quarter, Holdings Channel reports. The firm owned 1,208,310 shares of the business services provider’s stock after selling 4,763,388 shares during the quarter. Capital Research Global Investors’ holdings in Robert Half were worth $32,818,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. AQR Capital Management LLC increased its holdings in shares of Robert Half by 24.8% in the 3rd quarter. AQR Capital Management LLC now owns 7,738,454 shares of the business services provider’s stock worth $262,953,000 after purchasing an additional 1,537,245 shares in the last quarter. State Street Corp increased its holdings in shares of Robert Half by 2.7% in the 2nd quarter. State Street Corp now owns 4,873,440 shares of the business services provider’s stock worth $200,055,000 after purchasing an additional 127,322 shares in the last quarter. Pzena Investment Management LLC increased its holdings in shares of Robert Half by 38.2% in the 4th quarter. Pzena Investment Management LLC now owns 4,394,851 shares of the business services provider’s stock worth $119,364,000 after purchasing an additional 1,214,883 shares in the last quarter. Capital World Investors increased its holdings in shares of Robert Half by 460.5% in the 3rd quarter. Capital World Investors now owns 4,341,133 shares of the business services provider’s stock worth $147,512,000 after purchasing an additional 3,566,645 shares in the last quarter. Finally, Deprince Race & Zollo Inc. grew its holdings in shares of Robert Half by 40.8% in the fourth quarter. Deprince Race & Zollo Inc. now owns 2,440,961 shares of the business services provider’s stock worth $66,297,000 after acquiring an additional 707,078 shares during the period. Institutional investors own 92.41% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on RHI. Zacks Research lowered Robert Half from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 29th. Weiss Ratings lowered Robert Half from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 22nd. BMO Capital Markets cut their price objective on Robert Half from $35.00 to $32.00 and set a “market perform” rating for the company in a report on Tuesday, February 17th. William Blair raised Robert Half from a “market perform” rating to an “outperform” rating in a report on Tuesday, April 21st. Finally, Barclays cut their price objective on Robert Half from $36.00 to $25.00 and set an “equal weight” rating for the company in a report on Friday, March 6th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $31.75.

Robert Half Price Performance

Shares of RHI opened at $30.69 on Wednesday. Robert Half Inc. has a one year low of $21.83 and a one year high of $45.67. The firm has a market capitalization of $3.14 billion, a P/E ratio of 23.61 and a beta of 0.84. The business has a fifty day moving average of $26.98 and a 200 day moving average of $26.85.

Robert Half (NYSE:RHI) last issued its quarterly earnings data on Thursday, April 23rd. The business services provider reported $0.14 EPS for the quarter, hitting the consensus estimate of $0.14. The company had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.34 billion. Robert Half had a return on equity of 10.14% and a net margin of 2.43%.Robert Half’s revenue was down 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.17 earnings per share. Analysts expect that Robert Half Inc. will post 1.29 EPS for the current fiscal year.

Robert Half Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 22nd will be given a dividend of $0.59 per share. The ex-dividend date is Friday, May 22nd. This represents a $2.36 annualized dividend and a yield of 7.7%. Robert Half’s payout ratio is 181.54%.

Robert Half Company Profile

Robert Half International Inc, founded in 1948 by Robert Half, is a global professional staffing and consulting firm headquartered in Menlo Park, California. As a pioneer in specialized staffing, the company has built a reputation for matching skilled professionals with leading organizations across a range of industries. Robert Half’s shares trade on the New York Stock Exchange under the ticker RHI, reflecting its position as one of the longest?standing and best?known firms in the staffing sector.

The company offers a comprehensive suite of services, including temporary staffing, permanent placement, and consulting solutions.