23,768 Shares in Robert Half Inc. (NYSE:RHI) Purchased by ARGA Investment Management LP

ARGA Investment Management LP acquired a new position in shares of Robert Half Inc. (NYSE:RHI - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 23,768 shares of the business services provider's stock, valued at approximately $1,297,000.

Other hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC raised its stake in Robert Half by 92.9% during the 1st quarter. GAMMA Investing LLC now owns 2,091 shares of the business services provider's stock worth $114,000 after buying an additional 1,007 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in Robert Half by 4.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 76,378 shares of the business services provider's stock worth $4,166,000 after buying an additional 3,248 shares during the period. Smartleaf Asset Management LLC raised its stake in 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 buying an additional 258 shares during the period. CX Institutional acquired a new stake in shares of Robert Half in the 1st quarter valued at about $33,000. Finally, HighTower Advisors LLC raised its stake in shares of Robert Half by 2.4% in the 4th quarter. HighTower Advisors LLC now owns 36,911 shares of the business services provider's stock valued at $2,601,000 after purchasing an additional 863 shares during the period. Institutional investors and hedge funds own 92.41% of the company's stock.

Robert Half Trading Down 2.1%

Shares of NYSE RHI traded down $0.92 during mid-day trading on Friday, hitting $42.01. The company had a trading volume of 1,024,922 shares, compared to its average volume of 1,404,208. The company has a market capitalization of $4.29 billion, a PE ratio of 21.00 and a beta of 1.00. The firm has a 50-day simple moving average of $44.02 and a two-hundred day simple moving average of $53.23. Robert Half Inc. has a one year low of $39.61 and a one year high of $78.41.

Robert Half (NYSE:RHI - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.19). The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.41 billion. Robert Half had a net margin of 3.62% and a return on equity of 14.54%. Robert Half's revenue was down 8.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.61 EPS. Sell-side analysts expect 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 was paid on Friday, June 13th. Investors of record on Friday, May 23rd were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 5.62%. The ex-dividend date of this dividend was Friday, May 23rd. Robert Half's payout ratio is currently 118.00%.

Analyst Ratings Changes

Several analysts have issued reports on RHI shares. BNP Paribas Exane downgraded Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 price target on the stock. in a research note on Friday, May 2nd. The Goldman Sachs Group dropped their price target on Robert Half from $46.00 to $40.00 and set a "sell" rating on the stock in a research note on Thursday, April 24th. BNP Paribas downgraded Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 price target on the stock. in a research note on Friday, May 2nd. Wall Street Zen raised Robert Half from a "sell" rating to a "hold" rating in a research note on Friday, June 6th. Finally, Barclays dropped their price target on Robert Half from $50.00 to $45.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Robert Half has a consensus rating of "Hold" and a consensus target price of $48.71.

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.