Meiji Yasuda Asset Management Co Ltd. Buys Shares of 107,656 Robert Half Inc. $RHI

Key Points

• Meiji Yasuda Asset Management Co Ltd. acquired a $5.87 million stake in Robert Half Inc., purchasing 107,656 shares during the first quarter.
• Several institutional investors have increased their stakes in Robert Half, with 92.41% of its stock now owned by institutional investors.
• Robert Half announced a quarterly dividend of $0.59 per share, representing an annual yield of 6.6% with a dividend payout ratio of 134.86%.

Meiji Yasuda Asset Management Co Ltd. purchased a new stake in shares of Robert Half Inc. (NYSE:RHI - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 107,656 shares of the business services provider's stock, valued at approximately $5,873,000. Meiji Yasuda Asset Management Co Ltd. owned about 0.11% of Robert Half as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in RHI. BNP Paribas Financial Markets increased its position in Robert Half by 72.5% in the 4th quarter. BNP Paribas Financial Markets now owns 30,017 shares of the business services provider's stock valued at $2,115,000 after acquiring an additional 12,617 shares in the last quarter. Captrust Financial Advisors increased its position in Robert Half by 6.0% in the 4th quarter. Captrust Financial Advisors now owns 33,996 shares of the business services provider's stock valued at $2,395,000 after acquiring an additional 1,918 shares in the last quarter. Deutsche Bank AG increased its position in Robert Half by 21.3% in the 4th quarter. Deutsche Bank AG now owns 9,682 shares of the business services provider's stock valued at $682,000 after acquiring an additional 1,700 shares in the last quarter. Focus Partners Wealth increased its position in Robert Half by 8.7% in the 4th quarter. Focus Partners Wealth now owns 16,383 shares of the business services provider's stock valued at $1,154,000 after acquiring an additional 1,307 shares in the last quarter. Finally, Quantinno Capital Management LP increased its position in Robert Half by 110.8% in the 4th quarter. Quantinno Capital Management LP now owns 125,987 shares of the business services provider's stock valued at $8,877,000 after acquiring an additional 66,222 shares in the last quarter. 92.41% of the stock is owned by institutional investors.

Robert Half Trading Down 2.5%

Shares of RHI traded down $0.90 on Friday, reaching $35.49. 996,664 shares of the company's stock were exchanged, compared to its average volume of 1,505,300. The stock has a market capitalization of $3.61 billion, a P/E ratio of 20.28 and a beta of 1.03. The business has a 50 day moving average price of $37.93 and a two-hundred day moving average price of $44.39. Robert Half Inc. has a 12 month low of $33.18 and a 12 month high of $78.41.

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 analysts' consensus estimates of $0.40 by $0.01. The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.35 billion. Robert Half had a net margin of 3.20% and a return on equity of 13.00%. Robert Half's revenue for the quarter was down 7.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.66 earnings per share. Equities research analysts predict that Robert Half Inc. will post 2.48 EPS for the current year.

Robert Half Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, August 25th will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 6.7%. The ex-dividend date of this dividend is Monday, August 25th. Robert Half's dividend payout ratio is presently 134.86%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on RHI. JPMorgan Chase & Co. lowered 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 report on Thursday, July 24th. Wall Street Zen upgraded shares of Robert Half from a "sell" rating to a "hold" rating in a research report on Sunday, August 3rd. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Robert Half currently has an average rating of "Hold" and a consensus price target of $45.83.

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.