Meiji Yasuda Asset Management Co Ltd. bought a new position in shares of Robert Half Inc. (NYSE:RHI - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm bought 107,656 shares of the business services provider's stock, valued at approximately $5,873,000. Meiji Yasuda Asset Management Co Ltd. owned approximately 0.11% of Robert Half as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Quarry LP increased its position in shares of Robert Half by 540.8% during the 1st quarter. Quarry LP now owns 487 shares of the business services provider's stock worth $27,000 after purchasing an additional 411 shares in the last quarter. CX Institutional acquired a new stake in shares of Robert Half during the 1st quarter worth about $33,000. Orion Capital Management LLC acquired a new stake in shares of Robert Half during the 4th quarter worth about $41,000. Manchester Capital Management LLC increased its position in shares of Robert Half by 45.0% during the 1st quarter. Manchester Capital Management LLC now owns 825 shares of the business services provider's stock worth $45,000 after purchasing an additional 256 shares in the last quarter. Finally, Allworth Financial LP increased its position in shares of Robert Half by 80.4% during the 1st quarter. Allworth Financial LP now owns 1,458 shares of the business services provider's stock worth $80,000 after purchasing an additional 650 shares in the last quarter. Institutional investors and hedge funds own 92.41% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on RHI shares. 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 target price on shares of Robert Half from $47.00 to $45.00 and set a "neutral" rating for the company 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 assigned a Sell rating to the company's stock. Based on data from MarketBeat, Robert Half presently has an average rating of "Hold" and an average price target of $45.83.
View Our Latest Stock Analysis on Robert Half
Robert Half Stock Down 2.5%
NYSE:RHI traded down $0.90 during mid-day trading on Friday, reaching $35.49. 996,664 shares of the company were exchanged, compared to its average volume of 1,473,651. Robert Half Inc. has a 12 month low of $33.18 and a 12 month high of $78.41. The company has a fifty day moving average of $37.93 and a 200 day moving average of $44.19. The stock has a market cap of $3.61 billion, a PE ratio of 20.28 and a beta of 1.03.
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 firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same quarter in the prior year, the firm earned $0.66 EPS. The company's revenue was down 7.0% on a year-over-year basis. On average, equities research analysts anticipate that Robert Half Inc. will post 2.48 EPS for the current fiscal year.
Robert Half Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, August 25th will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 6.7%. The ex-dividend date of this dividend is Monday, August 25th. Robert Half's dividend payout ratio (DPR) is 134.86%.
Robert Half Company Profile
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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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