Robert Half Inc. (NYSE:RHI) Shares Sold by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lowered its position in shares of Robert Half Inc. (NYSE:RHI) by 52.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 73,980 shares of the business services provider’s stock after selling 82,198 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned about 0.07% of Robert Half worth $5,865,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Capital World Investors raised its position in shares of Robert Half by 6.7% during the 4th quarter. Capital World Investors now owns 14,574,944 shares of the business services provider’s stock worth $1,281,429,000 after purchasing an additional 917,311 shares during the period. Mawer Investment Management Ltd. grew its holdings in Robert Half by 105.4% in the 1st quarter. Mawer Investment Management Ltd. now owns 3,655,626 shares of the business services provider’s stock worth $289,818,000 after buying an additional 1,875,476 shares in the last quarter. Boston Partners grew its holdings in Robert Half by 36.5% in the 4th quarter. Boston Partners now owns 3,270,365 shares of the business services provider’s stock worth $287,265,000 after buying an additional 874,620 shares in the last quarter. Fiduciary Management Inc. WI boosted its stake in shares of Robert Half by 3.4% during the 4th quarter. Fiduciary Management Inc. WI now owns 1,944,057 shares of the business services provider’s stock worth $170,921,000 after acquiring an additional 64,114 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Robert Half during the 4th quarter worth $73,311,000. Institutional investors and hedge funds own 92.41% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. BNP Paribas raised Robert Half from an “underperform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research note on Tuesday, June 11th. Truist Financial raised Robert Half from a “sell” rating to a “hold” rating and set a $72.00 price objective for the company in a research note on Monday, April 22nd. StockNews.com lowered Robert Half from a “buy” rating to a “hold” rating in a report on Friday, July 5th. Finally, Robert W. Baird reduced their target price on Robert Half from $84.00 to $79.00 and set an “outperform” rating for the company in a report on Friday, April 26th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $68.71.

Robert Half Stock Performance

Shares of NYSE:RHI traded down $0.29 during midday trading on Friday, hitting $66.38. 21,563 shares of the stock were exchanged, compared to its average volume of 1,480,761. The company has a market capitalization of $6.97 billion, a PE ratio of 19.96, a P/E/G ratio of 5.61 and a beta of 1.25. Robert Half Inc. has a 52-week low of $60.66 and a 52-week high of $88.39. The business’s fifty day simple moving average is $65.25 and its two-hundred day simple moving average is $73.55.

Robert Half (NYSE:RHI) last issued its quarterly earnings results on Thursday, April 25th. The business services provider reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.01. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.49 billion. Robert Half had a return on equity of 22.36% and a net margin of 5.74%. The firm’s revenue was down 14.0% compared to the same quarter last year. During the same period last year, the business posted $1.14 earnings per share. As a group, equities analysts anticipate that Robert Half Inc. will post 2.92 EPS for the current year.

Robert Half Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 24th were given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date was Thursday, May 23rd. Robert Half’s dividend payout ratio (DPR) is presently 63.47%.

Insider Buying and Selling

In related news, Director Dirk A. Kempthorne sold 2,221 shares of Robert Half stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $69.66, for a total transaction of $154,714.86. Following the sale, the director now directly owns 10,713 shares of the company’s stock, valued at $746,267.58. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 3.00% of the stock is owned by company insiders.

Robert Half 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.