Pallas Capital Advisors LLC Has $1.57 Million Stock Holdings in Robert Half Inc. $RHI

Key Points

• Pallas Capital Advisors LLC increased its stake in Robert Half Inc. by 88.1%, acquiring an additional 17,861 shares and bringing its total holdings to 38,141 shares.
• Robert Half's latest quarterly earnings showed a net margin of 3.20% with revenues of $1.37 billion, despite a 7.0% decline compared to the same quarter last year.
• The company's dividend of $0.59 per share, paid in September, represents a 6.7% yield, but its dividend payout ratio stands at 134.86%.

Pallas Capital Advisors LLC increased its holdings in Robert Half Inc. (NYSE:RHI - Free Report) by 88.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,141 shares of the business services provider's stock after buying an additional 17,861 shares during the quarter. Pallas Capital Advisors LLC's holdings in Robert Half were worth $1,566,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its stake in Robert Half by 5.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,618,177 shares of the business services provider's stock valued at $197,372,000 after purchasing an additional 184,592 shares in the last quarter. Alliancebernstein L.P. boosted its stake in Robert Half by 1.6% during the 1st quarter. Alliancebernstein L.P. now owns 3,268,435 shares of the business services provider's stock valued at $178,293,000 after purchasing an additional 50,436 shares in the last quarter. Fiduciary Management Inc. WI boosted its stake in Robert Half by 14.4% during the 1st quarter. Fiduciary Management Inc. WI now owns 2,576,782 shares of the business services provider's stock valued at $140,563,000 after purchasing an additional 325,241 shares in the last quarter. AQR Capital Management LLC boosted its stake in Robert Half by 27.2% during the 1st quarter. AQR Capital Management LLC now owns 2,134,881 shares of the business services provider's stock valued at $115,348,000 after purchasing an additional 457,025 shares in the last quarter. Finally, Pzena Investment Management LLC boosted its stake in Robert Half by 29.2% during the 1st quarter. Pzena Investment Management LLC now owns 1,318,708 shares of the business services provider's stock valued at $71,936,000 after purchasing an additional 298,368 shares in the last quarter. 92.41% of the stock is owned by institutional investors.

Robert Half Trading Up 0.2%

NYSE RHI traded up $0.06 during trading on Monday, hitting $34.53. 610,985 shares of the company traded hands, compared to its average volume of 1,703,862. Robert Half Inc. has a 12 month low of $33.18 and a 12 month high of $78.41. The business has a fifty day simple moving average of $37.20 and a 200 day simple moving average of $43.45. The company has a market capitalization of $3.51 billion, a P/E ratio of 19.73 and a beta of 1.03.

Robert Half (NYSE:RHI - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The business services provider reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.01. The company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.35 billion. Robert Half had a return on equity of 13.00% and a net margin of 3.20%.The business's revenue was down 7.0% compared to the same quarter last year. During the same period last year, the company earned $0.66 earnings per share. Equities research analysts predict that Robert Half Inc. will post 2.48 EPS for the current fiscal year.

Robert Half Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, August 25th were paid a $0.59 dividend. The ex-dividend date was Monday, August 25th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 6.8%. Robert Half's payout ratio is presently 134.86%.

Analyst Ratings Changes

A number of equities analysts have issued reports on RHI shares. Wall Street Zen raised Robert Half from a "sell" rating to a "hold" rating in a research note on Sunday, August 3rd. JPMorgan Chase & Co. cut their price objective on 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 investment analyst has rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $45.83.

Robert Half 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.