Lecap Asset Management Ltd. bought a new position in Robert Half Inc. (NYSE:RHI - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 30,265 shares of the business services provider's stock, valued at approximately $1,651,000.
Several other hedge funds also recently made changes to their positions in the company. Boston Partners lifted its stake in shares of Robert Half by 17.5% in the 4th quarter. Boston Partners now owns 8,554,276 shares of the business services provider's stock worth $602,867,000 after acquiring an additional 1,271,237 shares during the period. Mawer Investment Management Ltd. increased its holdings in shares of 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 purchasing an additional 3,398,257 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of 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 purchasing an additional 148,577 shares in the last quarter. Alliancebernstein L.P. increased its holdings in shares of 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 purchasing an additional 17,338 shares in the last quarter. Finally, Fiduciary Management Inc. WI increased its holdings in shares of 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 purchasing an additional 300,524 shares in the last quarter. Institutional investors and hedge funds own 92.41% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on RHI shares. JPMorgan Chase & Co. cut their price target on shares of Robert Half from $65.00 to $47.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. The Goldman Sachs Group cut their price target on shares of Robert Half from $46.00 to $40.00 and set a "sell" rating for the company in a report on Thursday, April 24th. BNP Paribas downgraded shares of Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 price target for the company. in a report on Friday, May 2nd. Truist Financial set a $55.00 price target on shares of Robert Half and gave the company a "buy" rating in a report on Thursday, April 24th. Finally, Wall Street Zen upgraded shares of Robert Half from a "sell" rating to a "hold" rating in a report on Friday, June 6th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $48.71.
Check Out Our Latest Stock Analysis on Robert Half
Robert Half Stock Performance
NYSE:RHI traded down $0.14 during mid-day trading on Friday, hitting $41.27. 3,038,419 shares of the company's stock traded hands, compared to its average volume of 1,362,703. The firm's 50 day simple moving average is $44.53 and its 200 day simple moving average is $55.08. Robert Half Inc. has a 1 year low of $39.61 and a 1 year high of $78.41. The company has a market cap of $4.22 billion, a PE ratio of 20.64 and a beta of 1.05.
Robert Half (NYSE:RHI - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The business services provider reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.19). Robert Half had a net margin of 3.62% and a return on equity of 14.54%. The business had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.41 billion. During the same quarter last year, the business posted $0.61 earnings per share. The business's revenue was down 8.4% compared to the same quarter last year. On average, research 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 declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 23rd were paid a dividend of $0.59 per share. The ex-dividend date was Friday, May 23rd. This represents a $2.36 annualized dividend and a dividend yield of 5.72%. Robert Half's dividend payout ratio is currently 118.00%.
Robert Half Profile
(
Free Report)
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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