Quantbot Technologies LP Sells 31,712 Shares of Robert Half Inc. (NYSE:RHI)

Quantbot Technologies LP cut its stake in Robert Half Inc. (NYSE:RHI) by 68.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,535 shares of the business services provider’s stock after selling 31,712 shares during the period. Quantbot Technologies LP’s holdings in Robert Half were worth $1,024,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Private Trust Co. NA lifted its stake in shares of Robert Half by 79.7% in the 3rd quarter. Private Trust Co. NA now owns 433 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 192 shares during the period. Signaturefd LLC lifted its position in 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 buying an additional 239 shares during the period. Eastern Bank bought a new stake in shares of Robert Half during the 4th quarter valued at $35,000. V Square Quantitative Management LLC grew its position in shares of Robert Half by 70.6% in the 4th quarter. V Square Quantitative Management LLC now owns 679 shares of the business services provider’s stock worth $48,000 after buying an additional 281 shares during the period. Finally, Brooklyn Investment Group bought a new position in shares of Robert Half in the 3rd quarter worth about $56,000. Hedge funds and other institutional investors own 92.41% of the company’s stock.

Robert Half Trading Down 2.6 %

Robert Half stock opened at $53.45 on Wednesday. Robert Half Inc. has a 12 month low of $51.55 and a 12 month high of $79.77. The stock has a fifty day simple moving average of $60.84 and a two-hundred day simple moving average of $66.65. The firm has a market cap of $5.46 billion, a price-to-earnings ratio of 21.91 and a beta of 1.22.

Robert Half (NYSE:RHI) last released its quarterly earnings data on Wednesday, January 29th. The business services provider reported $0.53 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.01). Robert Half had a return on equity of 17.20% and a net margin of 4.34%. On average, equities research analysts forecast 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 given a dividend of $0.59 per share. This is an increase from Robert Half’s previous quarterly dividend of $0.53. The ex-dividend date was Tuesday, February 25th. This represents a $2.36 dividend on an annualized basis and a yield of 4.42%. Robert Half’s dividend payout ratio is 96.72%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Barclays raised shares of Robert Half from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $60.00 to $80.00 in a research note on Friday, January 3rd. JPMorgan Chase & Co. cut their price target on Robert Half from $69.00 to $65.00 and set a “neutral” rating on the stock in a research note on Thursday, January 30th. Truist Financial raised Robert Half from a “hold” rating to a “buy” rating and raised their price objective for the company from $62.00 to $90.00 in a research report on Friday, December 13th. StockNews.com downgraded Robert Half from a “buy” rating to a “hold” rating in a report on Friday, March 21st. Finally, BNP Paribas upgraded Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 price target for the company in a report on Monday, February 10th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Robert Half has a consensus rating of “Hold” and a consensus target price of $74.92.

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.