Alpine Global Management LLC Invests $784,000 in Robert Half Inc. (NYSE:RHI)

Alpine Global Management LLC bought a new position in Robert Half Inc. (NYSE:RHI - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 11,130 shares of the business services provider's stock, valued at approximately $784,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MML Investors Services LLC bought a new stake in Robert Half during the 3rd quarter worth approximately $225,000. Barclays PLC increased its holdings in shares of Robert Half by 131.6% in the third quarter. Barclays PLC now owns 344,233 shares of the business services provider's stock worth $23,205,000 after purchasing an additional 195,570 shares during the period. Sanctuary Advisors LLC raised its position in shares of Robert Half by 56.8% in the third quarter. Sanctuary Advisors LLC now owns 7,916 shares of the business services provider's stock worth $591,000 after buying an additional 2,869 shares in the last quarter. Tidal Investments LLC boosted its stake in Robert Half by 6.1% during the third quarter. Tidal Investments LLC now owns 13,946 shares of the business services provider's stock valued at $940,000 after buying an additional 797 shares during the period. Finally, Oddo BHF Asset Management Sas purchased a new position in Robert Half during the third quarter worth about $1,461,000. 92.41% of the stock is currently owned by institutional investors.

Robert Half Stock Performance

Shares of RHI stock traded down $1.03 on Friday, hitting $43.98. 4,014,231 shares of the company's stock traded hands, compared to its average volume of 1,494,280. The stock has a market capitalization of $4.49 billion, a price-to-earnings ratio of 18.02 and a beta of 1.13. The company's fifty day simple moving average is $52.58 and its 200 day simple moving average is $63.76. Robert Half Inc. has a one year low of $40.00 and a one year high of $78.41.

Robert Half (NYSE:RHI - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $0.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by ($0.19). Robert Half had a net margin of 4.34% and a return on equity of 17.20%. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same period last year, the business posted $0.61 earnings per share. As a group, sell-side analysts anticipate that Robert Half Inc. will post 2.48 earnings per share for the current fiscal year.

Robert Half Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Tuesday, February 25th were given a $0.59 dividend. The ex-dividend date was Tuesday, February 25th. This represents a $2.36 annualized dividend and a yield of 5.37%. This is an increase from Robert Half's previous quarterly dividend of $0.53. Robert Half's payout ratio is presently 96.72%.

Analyst Ratings Changes

RHI has been the subject of a number of research analyst reports. Truist Financial set a $55.00 price target on Robert Half and gave the company a "buy" rating in a research report on Thursday. BNP Paribas raised shares of Robert Half from an "underperform" rating to an "outperform" rating and set a $71.50 price target for the company in a research note on Monday, February 10th. Barclays lowered their price objective on shares of Robert Half from $50.00 to $45.00 and set an "equal weight" rating on the stock in a research report on Thursday. JPMorgan Chase & Co. cut their target price on shares of Robert Half from $65.00 to $47.00 and set a "neutral" rating for the company in a research report on Thursday. Finally, StockNews.com downgraded Robert Half from a "buy" rating to a "hold" rating in a research report on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $53.75.

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.