GAMMA Investing LLC Purchases 112,980 Shares of Robert Half Inc. (NYSE:RHI)

GAMMA Investing LLC boosted its stake in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 10,422.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 114,064 shares of the business services provider's stock after purchasing an additional 112,980 shares during the quarter. GAMMA Investing LLC owned about 0.11% of Robert Half worth $6,222,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in RHI. Boston Partners grew its holdings in Robert Half by 17.5% in the 4th quarter. Boston Partners now owns 8,554,276 shares of the business services provider's stock valued at $602,867,000 after buying an additional 1,271,237 shares during the last quarter. Mawer Investment Management Ltd. grew its holdings in Robert Half by 72.6% in the 4th quarter. Mawer Investment Management Ltd. now owns 8,079,597 shares of the business services provider's stock valued at $569,288,000 after buying an additional 3,398,257 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Robert Half by 4.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,433,585 shares of the business services provider's stock valued at $241,930,000 after buying an additional 148,577 shares during the last quarter. Alliancebernstein L.P. grew its holdings in Robert Half by 0.5% in the 4th quarter. Alliancebernstein L.P. now owns 3,217,999 shares of the business services provider's stock valued at $226,740,000 after buying an additional 17,338 shares during the last quarter. Finally, Fiduciary Management Inc. WI grew its holdings in Robert Half by 15.4% in the 4th quarter. Fiduciary Management Inc. WI now owns 2,251,541 shares of the business services provider's stock valued at $158,644,000 after buying an additional 300,524 shares during the last quarter. Institutional investors own 92.41% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on RHI. BNP Paribas lowered Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 target price on the stock. in a report on Friday, May 2nd. JPMorgan Chase & Co. reduced their price objective on Robert Half from $65.00 to $47.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. Wall Street Zen upgraded Robert Half from a "sell" rating to a "hold" rating in a research report on Friday, June 6th. 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 report on Friday, May 2nd. Finally, The Goldman Sachs Group reduced their price objective on Robert Half from $46.00 to $40.00 and set a "sell" rating for the company in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $48.71.

Robert Half Trading Down 2.6%

Shares of RHI traded down $1.16 during trading hours on Friday, hitting $42.63. 1,609,575 shares of the stock traded hands, compared to its average volume of 1,448,527. The business has a fifty day moving average of $45.95 and a 200-day moving average of $57.64. The firm has a market capitalization of $4.36 billion, a PE ratio of 17.47 and a beta of 1.04. Robert Half Inc. has a 1-year low of $40.00 and a 1-year high of $78.41.

Robert Half (NYSE:RHI - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The business services provider reported $0.17 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.19). The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.41 billion. Robert Half had a net margin of 4.34% and a return on equity of 17.20%. The business's revenue was down 8.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.61 EPS. As a group, equities research analysts expect that Robert Half Inc. will post 2.48 earnings per share for the current fiscal year.

Robert Half Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 23rd will be paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 5.54%. The ex-dividend date is Friday, May 23rd. Robert Half's payout ratio is presently 118.00%.

Robert Half Company 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.