8,960 Shares in Robert Half Inc. $RHI Acquired by FORA Capital LLC

Key Points

• FORA Capital LLC acquired 8,960 shares of Robert Half Inc. during the first quarter, with the investment valued at approximately $489,000.
• Robert Half has a quarterly dividend of $0.59 per share, equating to a 6.5% yield and a payout ratio of 134.86%.
• The company's stock has experienced a decline of 0.7% recently, with a market capitalization of $3.72 billion and a price-to-earnings ratio of 20.90.

FORA Capital LLC bought a new position in Robert Half Inc. (NYSE:RHI - Free Report) in the first quarter, according to its most recent filing with the SEC. The firm bought 8,960 shares of the business services provider's stock, valued at approximately $489,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. CX Institutional acquired a new position in shares of Robert Half during the 1st quarter worth approximately $33,000. Orion Capital Management LLC acquired a new position in Robert Half in the fourth quarter valued at approximately $41,000. 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 last quarter. Allworth Financial LP increased its holdings in Robert Half by 80.4% in the 1st quarter. Allworth Financial LP now owns 1,458 shares of the business services provider's stock valued at $80,000 after purchasing an additional 650 shares during the last quarter. Finally, Parallel Advisors LLC lifted its holdings in Robert Half by 72.9% during the 1st quarter. Parallel Advisors LLC now owns 1,546 shares of the business services provider's stock worth $84,000 after buying an additional 652 shares in the last quarter. Institutional investors and hedge funds own 92.41% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Robert Half from a "sell" rating to a "hold" rating in a report on Sunday, August 3rd. JPMorgan Chase & Co. decreased their target price on shares of Robert Half from $47.00 to $45.00 and set a "neutral" rating on the stock 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $45.83.

Robert Half Stock Up 0.3%

Shares of RHI traded up $0.12 during mid-day trading on Tuesday, reaching $37.44. 1,057,426 shares of the stock traded hands, compared to its average volume of 1,716,258. The firm has a market cap of $3.81 billion, a price-to-earnings ratio of 21.36 and a beta of 1.03. The stock has a fifty day simple moving average of $38.92 and a 200 day simple moving average of $45.66. Robert Half Inc. has a 12-month low of $33.18 and a 12-month high of $78.41.

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

Robert Half Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, August 25th will be issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date is Monday, August 25th. Robert Half's payout ratio is 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.