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Petrus Trust Company LTA Acquires New Position in Robert Half Inc. $RHI

Robert Half logo with Business Services background

Key Points

  • Petrus Trust Company LTA acquired 10,379 shares of Robert Half Inc., valued at approximately $566,000, in the first quarter.
  • Institutional investors now own 92.41% of Robert Half's stock, with significant position increases from several firms, including AQR Capital Management LLC, which increased its stake by 27.2%.
  • Robert Half announced a quarterly dividend of $0.59 per share, reflecting a dividend yield of 6.4% and a payout ratio of 134.86%.
  • Interested in Robert Half? Here are five stocks we like better.

Petrus Trust Company LTA bought a new position in Robert Half Inc. (NYSE:RHI - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,379 shares of the business services provider's stock, valued at approximately $566,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RHI. Quarry LP lifted its position in Robert Half by 540.8% during the first quarter. Quarry LP now owns 487 shares of the business services provider's stock valued at $27,000 after purchasing an additional 411 shares during the period. CX Institutional bought a new position in Robert Half during the first quarter valued at approximately $33,000. Orion Capital Management LLC bought a new position in Robert Half during the fourth quarter valued at approximately $41,000. Manchester Capital Management LLC lifted its position in Robert Half by 45.0% during the first quarter. Manchester Capital Management LLC now owns 825 shares of the business services provider's stock valued at $45,000 after purchasing an additional 256 shares during the period. Finally, Allworth Financial LP lifted its position in Robert Half by 80.4% during the first quarter. Allworth Financial LP now owns 1,458 shares of the business services provider's stock valued at $80,000 after purchasing an additional 650 shares during the period. Institutional investors own 92.41% of the company's stock.

Robert Half Trading Down 1.8%

RHI traded down $0.64 during trading on Friday, hitting $35.75. 347,122 shares of the company traded hands, compared to its average volume of 1,701,660. The company has a market cap of $3.64 billion, a PE ratio of 20.43 and a beta of 1.03. The stock's 50-day simple moving average is $38.07 and its two-hundred day simple moving average is $44.56. Robert Half Inc. has a 1 year low of $33.18 and a 1 year high of $78.41.

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 business had revenue of $1.37 billion during the quarter, compared to analysts' expectations of $1.35 billion. During the same period last year, the company posted $0.66 EPS. The business's revenue was down 7.0% on a year-over-year basis. Equities analysts expect that Robert Half Inc. will post 2.48 EPS for the current year.

Robert Half Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, August 25th will be paid a dividend of $0.59 per share. The ex-dividend date of this dividend is Monday, August 25th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 6.6%. Robert Half's payout ratio is currently 134.86%.

Wall Street Analysts Forecast Growth

A number of brokerages recently 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 on the stock in a research report on Thursday, July 24th. Wall Street Zen raised shares of Robert Half from a "sell" rating to a "hold" rating in a report on Sunday, August 3rd. One investment 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. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $45.83.

Check Out Our Latest Stock Report on Robert Half

Robert Half Company 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.

Further Reading

Institutional Ownership by Quarter for Robert Half (NYSE:RHI)

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