Ieq Capital LLC Purchases 99,868 Shares of Robert Half Inc. $RHI

Key Points

• Ieq Capital LLC increased its stake in Robert Half Inc. by 43.8%, owning 327,901 shares valued at approximately $17.9 million as of the latest SEC filing.
• Robert Half reported a net margin of 3.20% and $1.37 billion in revenue for the most recent quarter, although this reflects a 7% decline year-over-year.
• The company announced a quarterly dividend of $0.59 per share, representing a 6.5% annual yield, with a payout ratio of 134.86%.

Ieq Capital LLC raised its stake in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 43.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 327,901 shares of the business services provider's stock after purchasing an additional 99,868 shares during the quarter. Ieq Capital LLC owned 0.32% of Robert Half worth $17,887,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Robert Half during the first quarter valued at approximately $3,195,000. GAMMA Investing LLC boosted its holdings in shares of Robert Half by 92.9% in the 1st quarter. GAMMA Investing LLC now owns 2,091 shares of the business services provider's stock worth $114,000 after acquiring an additional 1,007 shares in the last quarter. Jefferies Financial Group Inc. raised its position in Robert Half by 119.4% in the 1st quarter. Jefferies Financial Group Inc. now owns 46,851 shares of the business services provider's stock worth $2,556,000 after purchasing an additional 25,498 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Robert Half by 4.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 76,378 shares of the business services provider's stock worth $4,166,000 after purchasing an additional 3,248 shares during the last quarter. Finally, Allworth Financial LP raised its position in Robert Half by 80.4% in the 1st quarter. Allworth Financial LP now owns 1,458 shares of the business services provider's stock worth $80,000 after purchasing an additional 650 shares during the last quarter. 92.41% of the stock is owned by institutional investors and hedge funds.

Robert Half Price Performance

Shares of Robert Half stock traded up $0.84 on Friday, hitting $37.37. 1,875,300 shares of the company's stock traded hands, compared to its average volume of 1,851,565. The firm's 50-day moving average price is $38.98 and its two-hundred day moving average price is $45.99. The stock has a market capitalization of $3.80 billion, a PE ratio of 21.35 and a beta of 1.02. Robert Half Inc. has a one year low of $33.18 and a one year high of $78.41.

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

Robert Half Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, August 25th will be given a $0.59 dividend. The ex-dividend date is Monday, August 25th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 6.3%. Robert Half's dividend payout ratio is currently 134.86%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on RHI. BNP Paribas Exane cut shares of Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 price objective for the company. in a research report on Friday, May 2nd. JPMorgan Chase & Co. dropped their price objective on shares of Robert Half from $47.00 to $45.00 and set a "neutral" rating for the company in a research report on Thursday, July 24th. BNP Paribas cut shares of Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 price objective for the company. in a research report on Friday, May 2nd. Finally, Wall Street Zen upgraded shares of Robert Half from a "sell" rating to a "hold" rating in a research report on Sunday, August 3rd. One 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. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $45.83.

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.