Alpine Global Management LLC acquired a new position in shares of Robert Half Inc. (NYSE:RHI - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 11,130 shares of the business services provider's stock, valued at approximately $784,000.
Several other large investors have also recently bought and sold shares of the stock. Mawer Investment Management Ltd. boosted its position in Robert Half by 72.6% in the fourth quarter. Mawer Investment Management Ltd. now owns 8,079,597 shares of the business services provider's stock valued at $569,288,000 after buying an additional 3,398,257 shares in the last quarter. Boston Partners lifted its holdings in Robert Half by 17.5% in the fourth quarter. Boston Partners now owns 8,554,276 shares of the business services provider's stock valued at $602,867,000 after buying an additional 1,271,237 shares during the period. Norges Bank bought a new position in shares of Robert Half in the 4th quarter worth $60,257,000. Balyasny Asset Management L.P. boosted its holdings in Robert Half by 5,172.2% during the fourth quarter. Balyasny Asset Management L.P. now owns 693,394 shares of the business services provider's stock worth $48,857,000 after buying an additional 680,242 shares during the last quarter. Finally, Wellington Management Group LLP boosted its stake in Robert Half by 293.3% during the 4th quarter. Wellington Management Group LLP now owns 831,359 shares of the business services provider's stock worth $58,578,000 after acquiring an additional 619,982 shares during the last quarter. 92.41% of the stock is currently owned by institutional investors and hedge funds.
Robert Half Stock Performance
RHI traded down $0.16 on Wednesday, reaching $46.36. The company had a trading volume of 204,488 shares, compared to its average volume of 1,487,154. The stock has a market cap of $4.74 billion, a P/E ratio of 18.99 and a beta of 1.06. Robert Half Inc. has a fifty-two week low of $40.00 and a fifty-two week high of $78.41. The company's fifty day moving average is $47.97 and its 200 day moving average is $60.22.
Robert Half (NYSE:RHI - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.41 billion. Robert Half had a return on equity of 17.20% and a net margin of 4.34%. The company's revenue was down 8.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.61 EPS. On average, sell-side analysts expect 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 will be paid on Friday, June 13th. Investors of record on Friday, May 23rd will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 5.09%. The ex-dividend date is Friday, May 23rd. Robert Half's dividend payout ratio is currently 118.00%.
Wall Street Analysts Forecast Growth
RHI has been the subject of several recent analyst reports. Barclays lowered their price target on Robert Half from $50.00 to $45.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. JPMorgan Chase & Co. reduced their price target on shares of Robert Half from $65.00 to $47.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. Wall Street Zen lowered shares of Robert Half from a "hold" rating to a "sell" rating in a research note on Saturday. The Goldman Sachs Group cut their price target on Robert Half from $46.00 to $40.00 and set a "sell" rating on the stock in a report on Thursday, April 24th. Finally, BNP Paribas downgraded shares of Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 target price for the company. in a research report on Friday, May 2nd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $48.71.
Get Our Latest Report on Robert Half
Robert Half Profile
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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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