Pallas Capital Advisors LLC Buys 8,706 Shares of Robert Half Inc. (NYSE:RHI)

Pallas Capital Advisors LLC grew its position in Robert Half Inc. (NYSE:RHI - Free Report) by 75.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,280 shares of the business services provider's stock after buying an additional 8,706 shares during the quarter. Pallas Capital Advisors LLC's holdings in Robert Half were worth $1,106,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Boston Partners increased its stake in shares of Robert Half by 17.5% in the fourth 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 last quarter. Mawer Investment Management Ltd. grew its stake in Robert Half by 72.6% in the fourth 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 position in 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 worth $241,930,000 after purchasing an additional 148,577 shares during the last quarter. Alliancebernstein L.P. raised its stake in shares of Robert Half by 0.5% during the 4th quarter. Alliancebernstein L.P. now owns 3,217,999 shares of the business services provider's stock worth $226,740,000 after purchasing an additional 17,338 shares in the last quarter. Finally, Fiduciary Management Inc. WI raised its stake in shares of Robert Half by 15.4% during the 4th quarter. Fiduciary Management Inc. WI now owns 2,251,541 shares of the business services provider's stock worth $158,644,000 after purchasing an additional 300,524 shares in the last quarter. 92.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Barclays lowered their target price on shares of Robert Half from $50.00 to $45.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 24th. BNP Paribas Exane downgraded Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 price target for the company. in a research note on Friday, May 2nd. The Goldman Sachs Group cut their price objective on Robert Half from $46.00 to $40.00 and set a "sell" rating on the stock in a research note on Thursday, April 24th. JPMorgan Chase & Co. reduced their target price on Robert Half from $65.00 to $47.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. Finally, Wall Street Zen upgraded Robert Half from a "sell" rating to a "hold" rating in a report on Friday, June 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, Robert Half currently has a consensus rating of "Hold" and a consensus price target of $48.71.

Robert Half Trading Down 2.6%

Shares of NYSE:RHI traded down $1.16 during mid-day trading on Friday, reaching $42.63. The stock had a trading volume of 1,609,575 shares, compared to its average volume of 1,450,963. The firm has a 50 day simple moving average of $46.02 and a two-hundred day simple moving average of $57.86. Robert Half Inc. has a twelve month low of $40.00 and a twelve month high of $78.41. The firm has a market cap of $4.36 billion, a PE ratio of 17.47 and a beta of 1.04.

Robert Half (NYSE:RHI - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The business services provider reported $0.17 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.19). Robert Half had a return on equity of 17.20% and a net margin of 4.34%. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same quarter last year, the business posted $0.61 earnings per share. The business's quarterly revenue was down 8.4% on a year-over-year basis. On average, equities analysts anticipate that Robert Half Inc. will post 2.48 EPS for the current fiscal year.

Robert Half Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 23rd will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 5.54%. The ex-dividend date is Friday, May 23rd. Robert Half's payout ratio is presently 118.00%.

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.