Teacher Retirement System of Texas Buys 86,065 Shares of Robert Half Inc. (NYSE:RHI)

Teacher Retirement System of Texas lifted its holdings in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 311.1% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 113,733 shares of the business services provider's stock after purchasing an additional 86,065 shares during the period. Teacher Retirement System of Texas owned 0.11% of Robert Half worth $6,204,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in RHI. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Robert Half by 613.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 364 shares of the business services provider's stock valued at $25,000 after acquiring an additional 313 shares during the last quarter. Headlands Technologies LLC bought a new position in Robert Half in the fourth quarter valued at about $26,000. Signaturefd LLC boosted its holdings in Robert Half by 121.3% during the fourth quarter. Signaturefd LLC now owns 436 shares of the business services provider's stock worth $31,000 after buying an additional 239 shares during the last quarter. CX Institutional bought a new position in Robert Half during the first quarter worth about $33,000. Finally, GeoWealth Management LLC bought a new position in Robert Half during the fourth quarter worth about $35,000. Institutional investors own 92.41% of the company's stock.

Robert Half Stock Performance

Shares of RHI traded up $1.06 during mid-day trading on Tuesday, reaching $42.22. 1,335,016 shares of the company were exchanged, compared to its average volume of 1,384,497. The business has a 50 day simple moving average of $44.18 and a two-hundred day simple moving average of $53.78. The stock has a market capitalization of $4.31 billion, a PE ratio of 21.00 and a beta of 1.00. Robert Half Inc. has a 52 week low of $39.61 and a 52 week high of $78.41.

Robert Half (NYSE:RHI - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.19). Robert Half had a net margin of 3.62% and a return on equity of 14.54%. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same period in the previous year, the business posted $0.61 EPS. The business's revenue for the quarter was down 8.4% compared to the same quarter last year. On average, analysts predict that Robert Half Inc. will post 2.48 EPS for the current year.

Robert Half Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 23rd were given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 5.59%. The ex-dividend date of this dividend was Friday, May 23rd. Robert Half's payout ratio is currently 118.00%.

Wall Street Analyst Weigh In

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

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.