Focus Partners Advisor Solutions LLC Boosts Stake in Robert Half Inc. $RHI

Key Points

• Focus Partners Advisor Solutions LLC has significantly increased its stake in Robert Half Inc. by 298.9%, now holding 12,339 shares valued at approximately $673,000.
• Robert Half recently reported quarterly earnings of $0.41 per share, surpassing analysts' expectations of $0.40, despite a 7% decline in revenue year-over-year.
• The company has declared a quarterly dividend of $0.59 per share, reflecting an annualized dividend yield of 6.3% with a payout ratio of 134.86%.

Focus Partners Advisor Solutions LLC lifted its holdings in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 298.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,339 shares of the business services provider's stock after purchasing an additional 9,246 shares during the period. Focus Partners Advisor Solutions LLC's holdings in Robert Half were worth $673,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in RHI. Quarry LP boosted its position in shares of Robert Half by 540.8% during the 1st quarter. Quarry LP now owns 487 shares of the business services provider's stock valued at $27,000 after purchasing an additional 411 shares in the last quarter. CX Institutional bought a new stake in shares of Robert Half during the 1st quarter valued at about $33,000. Orion Capital Management LLC bought a new stake in shares of Robert Half during the 4th quarter valued at about $41,000. Manchester Capital Management LLC boosted its position in shares of Robert Half by 45.0% during the 1st quarter. Manchester Capital Management LLC now owns 825 shares of the business services provider's stock valued at $45,000 after purchasing an additional 256 shares in the last quarter. Finally, Allworth Financial LP boosted its holdings in Robert Half by 80.4% in the first 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 in the last quarter. Institutional investors own 92.41% of the company's stock.

Robert Half Price Performance

Shares of RHI stock traded down $0.28 during trading hours on Friday, reaching $37.07. The company had a trading volume of 1,168,462 shares, compared to its average volume of 1,704,701. Robert Half Inc. has a 12 month low of $33.18 and a 12 month high of $78.41. The business has a fifty day simple moving average of $38.60 and a 200-day simple moving average of $45.02. The company has a market cap of $3.77 billion, a price-to-earnings ratio of 21.18 and a beta of 1.03.

Robert Half (NYSE:RHI - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The business services provider reported $0.41 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $1.35 billion. During the same quarter last year, the company earned $0.66 earnings per share. The company's revenue for the quarter was down 7.0% on a year-over-year basis. On average, equities research analysts expect that Robert Half Inc. will post 2.48 earnings per share for the current year.

Robert Half Dividend Announcement

The firm also recently declared 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 dividend yield of 6.4%. The ex-dividend date of this dividend is Monday, August 25th. Robert Half's dividend payout ratio (DPR) is presently 134.86%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Wall Street Zen upgraded Robert Half from a "sell" rating to a "hold" rating in a report on Sunday, August 3rd. JPMorgan Chase & Co. cut their price target 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 analyst has rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $45.83.

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.