Quantbot Technologies LP Has $1.88 Million Stake in Robert Half Inc. $RHI

Key Points

• Quantbot Technologies LP increased its holdings in Robert Half Inc. by 137.0% during Q1, acquiring additional shares worth approximately $1.87 million.
• Robert Half recently reported earnings of $0.41 per share for the last quarter, slightly exceeding analyst expectations of $0.40, despite a 7.0% year-over-year revenue decline to $1.37 billion.
• The company announced a quarterly dividend of $0.59 per share, representing a 6.6% yield and a payout ratio of 134.86%, with the next payment scheduled for September 15th.

Quantbot Technologies LP boosted its holdings in Robert Half Inc. (NYSE:RHI - Free Report) by 137.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,449 shares of the business services provider's stock after acquiring an additional 19,914 shares during the quarter. Quantbot Technologies LP's holdings in Robert Half were worth $1,879,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

RHI has been the topic of a number of analyst reports. JPMorgan Chase & Co. lowered their target price on shares of Robert Half from $47.00 to $45.00 and set a "neutral" rating on the stock in a research note on Thursday, July 24th. BNP Paribas lowered shares of 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. Wall Street Zen upgraded shares of Robert Half from a "sell" rating to a "hold" rating in a research report on Sunday, August 3rd. Finally, BNP Paribas Exane lowered shares of 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. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $45.83.

Robert Half Stock Up 5.3%

NYSE:RHI traded up $1.9150 on Friday, reaching $37.8750. The stock had a trading volume of 2,026,472 shares, compared to its average volume of 1,880,452. The company has a market capitalization of $3.85 billion, a P/E ratio of 21.64 and a beta of 1.02. Robert Half Inc. has a 1-year low of $33.18 and a 1-year high of $78.41. The stock has a fifty day moving average price of $39.44 and a 200-day moving average price of $46.58.

Robert Half (NYSE:RHI - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The business services provider reported $0.41 earnings per share (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 company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same period in the prior year, the business earned $0.66 earnings per share. Robert Half's quarterly revenue was down 7.0% on a year-over-year basis. Sell-side analysts predict that Robert Half Inc. will post 2.48 earnings per share for the current fiscal year.

Robert Half Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, August 25th will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date is Monday, August 25th. Robert Half's dividend payout ratio is presently 134.86%.

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.