Crestline Management LP Buys Shares of 25,297 Robert Half Inc. (NYSE:RHI)

Crestline Management LP purchased a new position in shares of Robert Half Inc. (NYSE:RHI - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 25,297 shares of the business services provider's stock, valued at approximately $1,782,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in RHI. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Robert Half by 613.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 364 shares of the business services provider's stock valued at $25,000 after buying an additional 313 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of Robert Half during the fourth quarter worth about $26,000. Signaturefd LLC grew its stake in shares of Robert Half by 121.3% during the fourth quarter. Signaturefd LLC now owns 436 shares of the business services provider's stock worth $31,000 after acquiring an additional 239 shares during the last quarter. GeoWealth Management LLC acquired a new position in shares of Robert Half during the fourth quarter valued at about $35,000. Finally, Eastern Bank purchased a new position in shares of Robert Half in the 4th quarter valued at approximately $35,000. Hedge funds and other institutional investors own 92.41% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. StockNews.com downgraded shares of Robert Half from a "buy" rating to a "hold" rating in a research report on Tuesday, April 15th. JPMorgan Chase & Co. cut their target price on Robert Half from $65.00 to $47.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. BNP Paribas Exane cut Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 price target for the company. in a research report on Friday, May 2nd. BNP Paribas lowered Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 price objective on the stock. in a report on Friday, May 2nd. Finally, Barclays reduced their price objective on Robert Half from $50.00 to $45.00 and set an "equal weight" rating for the company in a research note on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Robert Half presently has an average rating of "Hold" and an average price target of $48.71.

Robert Half Stock Up 0.1 %

Shares of RHI stock opened at $43.41 on Thursday. Robert Half Inc. has a 52-week low of $40.00 and a 52-week high of $78.41. The stock has a market cap of $4.44 billion, a PE ratio of 17.79 and a beta of 1.06. The business has a 50-day simple moving average of $50.11 and a 200-day simple moving average of $62.51.

Robert Half (NYSE:RHI - Get Free Report) last announced its quarterly earnings results 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). The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.41 billion. Robert Half had a net margin of 4.34% and a return on equity of 17.20%. The company's revenue was down 8.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.61 earnings per share. Sell-side analysts anticipate that Robert Half Inc. will post 2.48 earnings per share for the current fiscal year.

Robert Half Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 23rd will be given a dividend of $0.59 per share. The ex-dividend date is Friday, May 23rd. This represents a $2.36 annualized dividend and a yield of 5.44%. Robert Half's dividend payout ratio is presently 118.00%.

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.

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