AlphaQuest LLC lifted its stake in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 258.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,735 shares of the business services provider's stock after acquiring an additional 12,070 shares during the quarter. AlphaQuest LLC's holdings in Robert Half were worth $913,000 as of its most recent filing with the SEC.
Other institutional investors have also made changes to their positions in the company. CX Institutional bought a new stake in Robert Half during the first quarter worth approximately $33,000. GeoWealth Management LLC bought a new stake in shares of Robert Half during the 4th quarter worth $35,000. Orion Capital Management LLC bought a new stake in shares of Robert Half during the 4th quarter worth $41,000. Manchester Capital Management LLC grew its stake in Robert Half by 45.0% in the 1st quarter. Manchester Capital Management LLC now owns 825 shares of the business services provider's stock valued at $45,000 after buying an additional 256 shares during the last quarter. Finally, Allworth Financial LP raised its holdings in Robert Half by 80.4% in the 1st quarter. Allworth Financial LP now owns 1,458 shares of the business services provider's stock worth $80,000 after acquiring an additional 650 shares during the period. 92.41% of the stock is owned by institutional investors.
Robert Half Price Performance
Shares of RHI traded up $0.76 on Friday, reaching $37.29. 1,099,475 shares of the stock traded hands, compared to its average volume of 1,715,377. The firm has a market cap of $3.79 billion, a price-to-earnings ratio of 21.29 and a beta of 1.02. Robert Half Inc. has a 12 month low of $33.18 and a 12 month high of $78.41. The stock's 50-day moving average price is $39.04 and its 200-day moving average price is $46.14.
Robert Half (NYSE:RHI - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.01. Robert Half had a net margin of 3.20% and a return on equity of 13.00%. The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same quarter in the previous year, the firm posted $0.66 EPS. The business's revenue for the quarter was down 7.0% on a year-over-year basis. As a group, equities research analysts forecast that Robert Half Inc. will post 2.48 earnings per share for the current fiscal year.
Robert Half Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, August 25th will be paid a dividend of $0.59 per share. The ex-dividend date is Monday, August 25th. This represents a $2.36 dividend on an annualized basis and a yield of 6.3%. Robert Half's dividend payout ratio (DPR) is currently 134.86%.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on the stock. BNP Paribas Exane cut shares of Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 price target for the company. in a report on Friday, May 2nd. JPMorgan Chase & Co. decreased their target price on Robert Half from $47.00 to $45.00 and set a "neutral" rating for the company in a research note on Thursday, July 24th. Wall Street Zen raised Robert Half from a "sell" rating to a "hold" rating in a report on Sunday, August 3rd. Finally, BNP Paribas cut Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 price objective for the company. in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $45.83.
Read Our Latest Report on RHI
About Robert Half
(
Free Report)
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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