Universal Beteiligungs und Servicegesellschaft mbH Takes Position 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 position in shares of Robert Half Inc. (NYSE:RHI - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 58,569 shares of the business services provider's stock, valued at approximately $3,195,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.06% of Robert Half as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. GAMMA Investing LLC raised its stake in Robert Half by 92.9% during the first quarter. GAMMA Investing LLC now owns 2,091 shares of the business services provider's stock worth $114,000 after acquiring an additional 1,007 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Robert Half by 4.4% in 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 boosted its holdings in Robert Half by 80.4% in 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 Robert Half in the first quarter valued at about $33,000. Finally, Deutsche Bank AG boosted its holdings in Robert Half by 21.3% during the fourth quarter. Deutsche Bank AG now owns 9,682 shares of the business services provider's stock worth $682,000 after buying an additional 1,700 shares during the last quarter. 92.41% of the stock is owned by institutional investors.

Robert Half Stock Performance

Shares of Robert Half stock traded down $0.94 during trading on Wednesday, reaching $37.45. 2,541,913 shares of the company's stock were exchanged, compared to its average volume of 1,698,598. Robert Half Inc. has a 1-year low of $36.96 and a 1-year high of $78.41. The company has a market cap of $3.83 billion, a P/E ratio of 21.40 and a beta of 1.00. The firm's 50-day moving average price is $42.73 and its 200 day moving average price is $50.74.

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

Robert Half Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 23rd were paid a $0.59 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $2.36 annualized dividend and a dividend yield of 6.30%. Robert Half's payout ratio is 134.86%.

Analyst Ratings Changes

RHI has been the topic of a number of research analyst reports. JPMorgan Chase & Co. dropped their price target on Robert Half from $47.00 to $45.00 and set a "neutral" rating on the stock in a research report on Thursday, July 24th. Barclays lowered their price target on Robert Half from $50.00 to $45.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 24th. The Goldman Sachs Group reduced their target price on Robert Half from $46.00 to $40.00 and set a "sell" rating for the company in a research note on Thursday, April 24th. Wall Street Zen downgraded Robert Half from a "hold" rating to a "sell" rating in a research note on Saturday. Finally, Truist Financial set a $55.00 price target on Robert Half and gave the company a "buy" rating in a research note on Thursday, April 24th. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Robert Half currently has an average rating of "Hold" and an average target price of $45.83.

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.