Jump Financial LLC Takes Position in Robert Half Inc. $RHI

Key Points

• Jump Financial LLC has invested approximately $1.76 million in Robert Half Inc., acquiring 32,200 shares of the business services company in the 1st quarter.
• Robert Half recently announced a quarterly dividend of $0.59 per share, reflecting a dividend yield of 6.4% and a payout ratio of 134.86%.
• The company reported a 7.0% decline in revenue year-over-year, with quarterly earnings of $0.41 per share, exceeding analysts' expectations of $0.40.

Jump Financial LLC bought a new position in shares of Robert Half Inc. (NYSE:RHI - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 32,200 shares of the business services provider's stock, valued at approximately $1,757,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in RHI. Manchester Capital Management LLC grew its holdings in shares of Robert Half by 45.0% during the first quarter. Manchester Capital Management LLC now owns 825 shares of the business services provider's stock valued at $45,000 after buying an additional 256 shares during the last quarter. Riverwater Partners LLC increased its holdings in shares of Robert Half by 10.0% in the first quarter. Riverwater Partners LLC now owns 5,007 shares of the business services provider's stock valued at $273,000 after purchasing an additional 457 shares during the period. Trust Point Inc. increased its holdings in shares of Robert Half by 8.2% in the first quarter. Trust Point Inc. now owns 6,488 shares of the business services provider's stock valued at $354,000 after purchasing an additional 494 shares during the period. Wedbush Securities Inc. increased its holdings in shares of Robert Half by 15.9% in the first quarter. Wedbush Securities Inc. now owns 3,682 shares of the business services provider's stock valued at $201,000 after purchasing an additional 504 shares during the period. Finally, Thoroughbred Financial Services LLC lifted its holdings in shares of Robert Half by 13.6% during the first quarter. Thoroughbred Financial Services LLC now owns 4,286 shares of the business services provider's stock worth $233,000 after purchasing an additional 512 shares during the period. Hedge funds and other institutional investors own 92.41% of the company's stock.

Robert Half Price Performance

NYSE:RHI traded up $0.84 during trading hours on Monday, reaching $37.37. The company had a trading volume of 1,875,300 shares, compared to its average volume of 1,841,118. Robert Half Inc. has a 1-year low of $33.18 and a 1-year high of $78.41. The firm has a market cap of $3.80 billion, a PE ratio of 21.35 and a beta of 1.03. The business's 50 day moving average price is $38.98 and its 200-day moving average price is $45.82.

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

Robert Half Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, August 25th will be given a $0.59 dividend. The ex-dividend date is Monday, August 25th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 6.3%. Robert Half's dividend payout ratio is 134.86%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on RHI. 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 price objective on shares of Robert Half from $47.00 to $45.00 and set a "neutral" rating for the company in a research note on Thursday, July 24th. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price 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.