Capital Fund Management S.A. Acquires New Position in Robert Half Inc. $RHI

Key Points

• Capital Fund Management S.A. acquired 15,527 shares of Robert Half Inc., valued at approximately $847,000, during the first quarter.
• Recent research analyst reports indicate BNP Paribas Exane downgraded Robert Half from "outperform" to "neutral," setting a $45.00 target price.
• Robert Half recently declared a quarterly dividend of $0.59, resulting in an annualized yield of 6.5%.

Capital Fund Management S.A. purchased a new position in shares of Robert Half Inc. (NYSE:RHI - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 15,527 shares of the business services provider's stock, valued at approximately $847,000.

Several other institutional investors have also recently added to or reduced their stakes in RHI. Manchester Capital Management LLC lifted its holdings in Robert Half by 45.0% in the first quarter. Manchester Capital Management LLC now owns 825 shares of the business services provider's stock valued at $45,000 after acquiring an additional 256 shares during the period. Riverwater Partners LLC increased its holdings in shares of Robert Half by 10.0% in the 1st quarter. Riverwater Partners LLC now owns 5,007 shares of the business services provider's stock valued at $273,000 after purchasing an additional 457 shares in the last quarter. Trust Point Inc. lifted its stake in shares of Robert Half by 8.2% in the first quarter. Trust Point Inc. now owns 6,488 shares of the business services provider's stock valued at $354,000 after purchasing an additional 494 shares during the period. Wedbush Securities Inc. lifted its stake in shares of Robert Half by 15.9% in the first quarter. Wedbush Securities Inc. now owns 3,682 shares of the business services provider's stock valued at $201,000 after purchasing an additional 504 shares during the period. Finally, Thoroughbred Financial Services LLC boosted its holdings in Robert Half by 13.6% during the first quarter. Thoroughbred Financial Services LLC now owns 4,286 shares of the business services provider's stock worth $233,000 after buying an additional 512 shares in the last quarter. Institutional investors and hedge funds own 92.41% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on RHI shares. BNP Paribas cut shares of Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 target price for the company. in a report on Friday, May 2nd. BNP Paribas Exane downgraded Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 price objective for the company. in a research note on Friday, May 2nd. Wall Street Zen raised Robert Half from a "sell" rating to a "hold" rating in a report on Sunday, August 3rd. Finally, JPMorgan Chase & Co. lowered their target price on Robert Half from $47.00 to $45.00 and set a "neutral" rating on the stock in a report on Thursday, July 24th. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $45.83.

Robert Half Stock Up 2.3%

Shares of Robert Half stock traded up $0.84 during trading on Friday, hitting $37.37. 1,875,300 shares of the company were exchanged, compared to its average volume of 1,851,565. Robert Half Inc. has a fifty-two week low of $33.18 and a fifty-two week high of $78.41. The firm has a 50 day moving average price of $38.98 and a 200 day moving average price of $45.99. The stock has a market capitalization of $3.80 billion, a price-to-earnings ratio of 21.35 and a beta of 1.02.

Robert Half (NYSE:RHI - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.01. Robert Half had a return on equity of 13.00% and a net margin of 3.20%.The company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter last year, the business posted $0.66 earnings per share. Robert Half's revenue was down 7.0% compared to the same quarter last year. Analysts predict that Robert Half Inc. will post 2.48 earnings per share for the current year.

Robert Half Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, August 25th will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 6.3%. The ex-dividend date is Monday, August 25th. Robert Half's dividend payout ratio (DPR) is currently 134.86%.

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.