Alpha Omega Wealth Management LLC Grows Stock Holdings in Robert Half Inc. (NYSE:RHI)

Alpha Omega Wealth Management LLC lifted its stake in Robert Half Inc. (NYSE:RHI - Free Report) by 68.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 58,794 shares of the business services provider's stock after acquiring an additional 23,913 shares during the period. Alpha Omega Wealth Management LLC owned 0.06% of Robert Half worth $3,207,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in RHI. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Robert Half by 613.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 364 shares of the business services provider's stock valued at $25,000 after buying an additional 313 shares in the last quarter. Headlands Technologies LLC purchased a new stake in Robert Half during the 4th quarter valued at about $26,000. Signaturefd LLC grew its stake in Robert Half by 121.3% during the 4th quarter. Signaturefd LLC now owns 436 shares of the business services provider's stock valued at $31,000 after purchasing an additional 239 shares during the last quarter. GeoWealth Management LLC purchased a new stake in Robert Half during the 4th quarter valued at about $35,000. Finally, Orion Capital Management LLC purchased a new stake in Robert Half during the 4th quarter valued at about $41,000. 92.41% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on RHI shares. Wall Street Zen upgraded Robert Half from a "sell" rating to a "hold" rating in a research note on Friday, June 6th. BNP Paribas Exane downgraded Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 price target on the stock. in a research note on Friday, May 2nd. The Goldman Sachs Group dropped their price target 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. Barclays lowered their target price on Robert Half from $50.00 to $45.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. Finally, BNP Paribas downgraded 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. One equities 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. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $48.71.

Robert Half Price Performance

RHI stock traded down $1.16 during mid-day trading on Friday, reaching $42.63. 1,609,575 shares of the company's stock were exchanged, compared to its average volume of 1,445,220. The company has a market cap of $4.36 billion, a price-to-earnings ratio of 17.47 and a beta of 1.04. The stock's 50 day moving average is $45.95 and its 200 day moving average is $57.52. Robert Half Inc. has a 12-month low of $40.00 and a 12-month high of $78.41.

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

Robert Half Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 23rd were issued a dividend of $0.59 per share. The ex-dividend date was Friday, May 23rd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 5.54%. Robert Half's payout ratio is currently 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.