Alpine Global Management LLC Buys Shares of 11,130 Robert Half Inc. (NYSE:RHI)

Alpine Global Management LLC purchased a new position in shares of Robert Half Inc. (NYSE:RHI - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 11,130 shares of the business services provider's stock, valued at approximately $784,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Van ECK Associates Corp grew its position in Robert Half by 24.1% in the fourth quarter. Van ECK Associates Corp now owns 85,878 shares of the business services provider's stock worth $6,051,000 after acquiring an additional 16,668 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of Robert Half by 347.9% in the 4th quarter. SG Americas Securities LLC now owns 16,586 shares of the business services provider's stock valued at $1,169,000 after buying an additional 12,883 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of Robert Half by 48.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 794 shares of the business services provider's stock worth $56,000 after purchasing an additional 258 shares in the last quarter. Tributary Capital Management LLC grew its holdings in Robert Half by 46.3% during the 4th quarter. Tributary Capital Management LLC now owns 13,575 shares of the business services provider's stock worth $956,000 after acquiring an additional 4,299 shares during the last quarter. Finally, Allworth Financial LP boosted its stake in shares of Robert Half by 73.4% in the 4th quarter. Allworth Financial LP now owns 808 shares of the business services provider's stock valued at $57,000 after purchasing an additional 342 shares during the last quarter. 92.41% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on RHI. The Goldman Sachs Group dropped their target price on shares of Robert Half from $46.00 to $40.00 and set a "sell" rating on the stock in a report on Thursday, April 24th. BNP Paribas downgraded Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 price target for the company. in a research note on Friday, May 2nd. JPMorgan Chase & Co. lowered their target price on Robert Half from $65.00 to $47.00 and set a "neutral" rating for the company in a research note 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 on the stock. in a report on Friday, May 2nd. Finally, Truist Financial set a $55.00 price target on Robert Half and gave the stock a "buy" rating in a report on Thursday, April 24th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $48.71.

Robert Half Stock Up 2.5%

RHI traded up $1.12 during trading hours on Tuesday, hitting $46.43. The stock had a trading volume of 1,084,579 shares, compared to its average volume of 1,492,197. Robert Half Inc. has a 1 year low of $40.00 and a 1 year high of $78.41. The company's fifty day simple moving average is $48.12 and its 200 day simple moving average is $60.32. The stock has a market cap of $4.74 billion, a PE ratio of 19.03 and a beta of 1.06.

Robert Half (NYSE:RHI - Get Free Report) last issued 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 business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.41 billion. Robert Half had a net margin of 4.34% and a return on equity of 17.20%. The business's revenue was down 8.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.61 EPS. As a group, equities analysts expect that Robert Half Inc. will post 2.48 EPS for the current year.

Robert Half Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 23rd will be given a $0.59 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $2.36 annualized dividend and a yield of 5.08%. Robert Half's payout ratio is currently 118.00%.

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.