Hsbc Holdings PLC Sells 79,036 Shares of Robert Half Inc. $RHI

Hsbc Holdings PLC lessened its stake in shares of Robert Half Inc. (NYSE:RHI) by 64.6% during the first quarter, HoldingsChannel.com reports. The fund owned 43,255 shares of the business services provider’s stock after selling 79,036 shares during the quarter. Hsbc Holdings PLC’s holdings in Robert Half were worth $1,105,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in RHI. Deprince Race & Zollo Inc. boosted its holdings in 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 purchasing an additional 707,078 shares during the last quarter. M&T Bank Corp raised its stake in Robert Half by 5,652.2% during the 4th quarter. M&T Bank Corp now owns 442,520 shares of the business services provider’s stock valued at $12,019,000 after buying an additional 434,827 shares during the last quarter. SG Americas Securities LLC raised its stake in Robert Half by 389.5% during the 4th quarter. SG Americas Securities LLC now owns 248,295 shares of the business services provider’s stock valued at $6,744,000 after buying an additional 197,575 shares during the last quarter. Alpha Omega Wealth Management LLC lifted its holdings in shares of Robert Half by 24.2% during the 4th quarter. Alpha Omega Wealth Management LLC now owns 163,173 shares of the business services provider’s stock valued at $4,432,000 after buying an additional 31,786 shares during the period. Finally, Royce & Associates LP lifted its holdings in shares of Robert Half by 2,657.4% during the 4th quarter. Royce & Associates LP now owns 322,201 shares of the business services provider’s stock valued at $8,751,000 after buying an additional 310,516 shares during the period. 92.41% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on RHI. BMO Capital Markets raised Robert Half from a “market perform” rating to an “outperform” rating and set a $47.00 price objective for the company in a report on Monday. William Blair raised Robert Half from a “market perform” rating to an “outperform” rating in a report on Tuesday, April 21st. The Goldman Sachs Group raised their target price on Robert Half from $26.00 to $29.00 and gave the stock a “sell” rating in a research report on Friday. Robert W. Baird set a $47.00 price target on Robert Half in a research note on Monday. Finally, Truist Financial upped their price target on shares of Robert Half from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $34.75.

Robert Half Price Performance

Shares of RHI stock opened at $39.34 on Wednesday. The company has a market cap of $4.02 billion, a price-to-earnings ratio of 34.21 and a beta of 0.82. Robert Half Inc. has a 1 year low of $21.83 and a 1 year high of $42.25. The firm has a fifty day moving average price of $32.76 and a 200-day moving average price of $28.58.

Robert Half (NYSE:RHI) last released its earnings results on Thursday, July 23rd. The business services provider reported $0.26 earnings per share for the quarter, meeting the consensus estimate of $0.26. Robert Half had a return on equity of 9.18% and a net margin of 2.17%.The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the previous year, the business earned $0.41 earnings per share. Robert Half’s quarterly revenue was down 2.4% compared to the same quarter last year. Equities research analysts expect that Robert Half Inc. will post 1.29 EPS for the current year.

Robert Half Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 22nd were paid a $0.59 dividend. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $2.36 annualized dividend and a dividend yield of 6.0%. Robert Half’s dividend payout ratio (DPR) is 205.22%.

About Robert Half

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.