Universal Beteiligungs und Servicegesellschaft mbH Makes New $3.20 Million Investment in Robert Half Inc. (NYSE:RHI)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH acquired 58,569 shares of Robert Half Inc. valued at approximately $3.2 million, representing 0.06% ownership of the company.
• Robert Half reported a net margin of 3.20% and earnings per share (EPS) of $0.41, exceeding analysts' expectations of $0.40, despite a 7.0% decrease in revenue year-over-year.
• Analyst ratings for Robert Half show a consensus of "Hold" with an average target price of $45.83, as several firms have recently downgraded their price targets.

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Robert Half Inc. (NYSE:RHI - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 58,569 shares of the business services provider's stock, valued at approximately $3,195,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.06% of Robert Half at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. GAMMA Investing LLC raised its stake in shares of Robert Half by 92.9% during the first quarter. GAMMA Investing LLC now owns 2,091 shares of the business services provider's stock valued at $114,000 after acquiring an additional 1,007 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Robert Half by 4.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 76,378 shares of the business services provider's stock valued at $4,166,000 after acquiring an additional 3,248 shares during the last quarter. Allworth Financial LP raised its stake in shares of Robert Half by 80.4% during the first quarter. Allworth Financial LP now owns 1,458 shares of the business services provider's stock valued at $80,000 after acquiring an additional 650 shares during the last quarter. CX Institutional bought a new position in shares of Robert Half during the first quarter valued at $33,000. Finally, Deutsche Bank AG raised its stake in shares of Robert Half by 21.3% during the fourth quarter. Deutsche Bank AG now owns 9,682 shares of the business services provider's stock valued at $682,000 after acquiring an additional 1,700 shares during the last quarter. Institutional investors own 92.41% of the company's stock.

Robert Half Price Performance

Shares of RHI traded down $1.24 during trading hours on Friday, hitting $35.67. 602,185 shares of the stock were exchanged, compared to its average volume of 1,693,043. The firm has a market capitalization of $3.64 billion, a P/E ratio of 20.35 and a beta of 1.00. The business has a 50-day moving average of $42.39 and a 200-day moving average of $50.45. Robert Half Inc. has a fifty-two week low of $35.22 and a fifty-two week high of $78.41.

Robert Half (NYSE:RHI - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $0.41 EPS for the quarter, topping analysts' consensus estimates of $0.40 by $0.01. The business had revenue of $1.37 billion during the quarter, compared to analysts' expectations of $1.35 billion. Robert Half had a net margin of 3.20% and a return on equity of 13.00%. The business's quarterly revenue was down 7.0% on a year-over-year basis. During the same period last year, the company posted $0.66 earnings per share. As a group, analysts forecast that Robert Half Inc. will post 2.48 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on RHI. Wall Street Zen downgraded shares of Robert Half from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th. Barclays decreased their price objective on shares of Robert Half from $50.00 to $45.00 and set an "equal weight" rating for the company in a research report on Thursday, April 24th. The Goldman Sachs Group decreased their price objective on shares of Robert Half from $46.00 to $40.00 and set a "sell" rating for the company in a research report on Thursday, April 24th. Truist Financial set a $55.00 price objective on shares of Robert Half and gave the stock a "buy" rating in a research report on Thursday, April 24th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Robert Half from $47.00 to $45.00 and set a "neutral" rating for the company in a research report on Thursday, July 24th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $45.83.

About Robert Half

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.