Legal & General Group Plc Has $8.40 Million Stake in Robert Half Inc. $RHI

Legal & General Group Plc reduced its stake in Robert Half Inc. (NYSE:RHI) by 9.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 309,410 shares of the business services provider’s stock after selling 30,577 shares during the period. Legal & General Group Plc owned about 0.31% of Robert Half worth $8,404,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Robert Half in the 2nd quarter worth approximately $34,000. Larson Financial Group LLC lifted its position in shares of Robert Half by 321.0% in the 4th quarter. Larson Financial Group LLC now owns 1,002 shares of the business services provider’s stock worth $27,000 after purchasing an additional 764 shares during the period. Danske Bank A S acquired a new position in shares of Robert Half in the 3rd quarter worth approximately $37,000. Hantz Financial Services Inc. lifted its position in shares of Robert Half by 952.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,105 shares of the business services provider’s stock worth $38,000 after purchasing an additional 1,000 shares during the period. Finally, Fifth Third Bancorp lifted its position in shares of Robert Half by 94.3% in the 4th quarter. Fifth Third Bancorp now owns 1,368 shares of the business services provider’s stock worth $37,000 after purchasing an additional 664 shares during the period. 92.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

RHI has been the topic of a number of recent analyst reports. William Blair upgraded shares of Robert Half from a “market perform” rating to an “outperform” rating in a research report on Tuesday, April 21st. Weiss Ratings downgraded shares of Robert Half from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 22nd. Zacks Research downgraded shares of Robert Half from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 29th. BMO Capital Markets dropped their target price on shares of Robert Half from $35.00 to $32.00 and set a “market perform” rating on the stock in a research report on Tuesday, February 17th. Finally, Barclays dropped their target price on shares of Robert Half from $36.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Friday, March 6th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $31.75.

Robert Half Stock Performance

RHI opened at $31.37 on Friday. The firm has a market cap of $3.21 billion, a P/E ratio of 24.13 and a beta of 0.84. The firm has a 50-day moving average of $26.74 and a 200 day moving average of $26.78. Robert Half Inc. has a fifty-two week low of $21.83 and a fifty-two week high of $45.67.

Robert Half (NYSE:RHI) last released its quarterly earnings data on Thursday, April 23rd. The business services provider reported $0.14 EPS for the quarter, meeting the consensus estimate of $0.14. The business had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.34 billion. Robert Half had a net margin of 2.43% and a return on equity of 10.14%. The company’s revenue was down 3.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.17 earnings per share. Equities research analysts predict that Robert Half Inc. will post 1.29 earnings per share for the current fiscal year.

Robert Half Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 22nd will be issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date of this dividend is Friday, May 22nd. Robert Half’s dividend payout ratio is presently 181.54%.

Robert Half 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.