Hsbc Holdings PLC Purchases 37,677 Shares of Robert Half Inc. $RHI

Key Points

• Hsbc Holdings PLC increased its stake in Robert Half Inc. by 15.9%, acquiring an additional 37,677 shares, bringing its total to 274,472 shares valued at approximately $14.9 million.
• Robert Half reported earnings per share of $0.41 for the last quarter, exceeding estimates, but noted a 7% decline in revenue year-over-year.
• The company recently announced a quarterly dividend of $0.59 per share, with a significant dividend yield of 6.2%, despite a high payout ratio of 134.86%.

Hsbc Holdings PLC boosted its position in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 15.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 274,472 shares of the business services provider's stock after acquiring an additional 37,677 shares during the period. Hsbc Holdings PLC owned 0.27% of Robert Half worth $14,915,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of RHI. Mariner LLC grew its position in shares of Robert Half by 27.9% during the 4th quarter. Mariner LLC now owns 12,961 shares of the business services provider's stock valued at $913,000 after purchasing an additional 2,829 shares in the last quarter. GeoWealth Management LLC bought a new stake in Robert Half during the fourth quarter valued at $35,000. T. Rowe Price Investment Management Inc. bought a new stake in Robert Half during the fourth quarter valued at $1,668,000. Kovitz Investment Group Partners LLC purchased a new position in Robert Half during the fourth quarter worth about $285,000. Finally, Oxford Asset Management LLP bought a new position in Robert Half in the 4th quarter worth about $200,000. Institutional investors own 92.41% of the company's stock.

Robert Half Stock Performance

RHI stock opened at $37.8750 on Friday. Robert Half Inc. has a 52 week low of $33.18 and a 52 week high of $78.41. The firm's fifty day moving average is $39.44 and its 200 day moving average is $46.68. The firm has a market cap of $3.85 billion, a P/E ratio of 21.64 and a beta of 1.02.

Robert Half (NYSE:RHI - Get Free Report) last posted 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 net margin of 3.20% and a return on equity of 13.00%. The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same period in the previous year, the firm posted $0.66 earnings per share. The firm's revenue for the quarter was down 7.0% on a year-over-year basis. As a group, analysts forecast that Robert Half Inc. will post 2.48 EPS for the current year.

Robert Half Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, August 25th will be paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date of this dividend is Monday, August 25th. Robert Half's dividend payout ratio is 134.86%.

Wall Street Analysts Forecast Growth

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

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