Robert Half Inc. $RHI Shares Acquired by Focus Partners Advisor Solutions LLC

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 grew its stake in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 298.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,339 shares of the business services provider's stock after acquiring 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.

A number of other hedge funds and other institutional investors also recently modified their holdings of RHI. BNP Paribas Financial Markets lifted its position in shares of Robert Half by 72.5% during the 4th quarter. BNP Paribas Financial Markets now owns 30,017 shares of the business services provider's stock valued at $2,115,000 after acquiring an additional 12,617 shares during the period. Baird Financial Group Inc. lifted its position in shares of Robert Half by 4.2% during the 4th quarter. Baird Financial Group Inc. now owns 45,404 shares of the business services provider's stock valued at $3,199,000 after acquiring an additional 1,848 shares during the period. Captrust Financial Advisors lifted its position in shares of Robert Half by 6.0% during the 4th quarter. Captrust Financial Advisors now owns 33,996 shares of the business services provider's stock valued at $2,395,000 after acquiring an additional 1,918 shares during the period. Crestline Management LP purchased a new position in shares of Robert Half during the 4th quarter worth approximately $1,782,000. Finally, Deprince Race & Zollo Inc. raised its position in shares of Robert Half by 29.6% during the 4th quarter. Deprince Race & Zollo Inc. now owns 825,747 shares of the business services provider's stock worth $58,182,000 after purchasing an additional 188,720 shares during the last quarter. 92.41% of the stock is currently owned by institutional investors and hedge funds.

Robert Half Stock Down 2.7%

Shares of NYSE RHI traded down $0.97 during trading on Wednesday, hitting $34.88. 164,823 shares of the company traded hands, compared to its average volume of 1,703,140. Robert Half Inc. has a 1 year low of $33.18 and a 1 year high of $78.41. The company has a 50-day moving average price of $38.36 and a 200-day moving average price of $44.79. The firm has a market capitalization of $3.55 billion, a P/E ratio of 19.92 and a beta of 1.03.

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

Robert Half Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, August 25th will be issued a dividend of $0.59 per share. The ex-dividend date is Monday, August 25th. This represents a $2.36 annualized dividend and a dividend yield of 6.8%. Robert Half's payout ratio is presently 134.86%.

Analyst Ratings Changes

Several research analysts recently issued reports on RHI shares. Wall Street Zen upgraded Robert Half from a "sell" rating to a "hold" rating in a research report on Sunday, August 3rd. JPMorgan Chase & Co. cut their price objective on Robert Half from $47.00 to $45.00 and set a "neutral" rating for the company in a research report on Thursday, July 24th. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Robert Half currently has an average rating of "Hold" and an average price target of $45.83.

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.