Trexquant Investment LP Lowers Holdings in Robert Half Inc. $RHI

Key Points

• Trexquant Investment LP significantly reduced its stake in Robert Half Inc. by 55.4%, owning 46,233 shares after selling 57,524 shares during the quarter.
• The company's latest financial results showed a 7.0% decrease in revenue year-over-year, with earnings per share exceeding estimates at $0.41.
• A quarterly dividend of $0.59 per share will be paid, indicating a high dividend yield of 6.4% and a payout ratio of 134.86%.

Trexquant Investment LP decreased its holdings in Robert Half Inc. (NYSE:RHI - Free Report) by 55.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 46,233 shares of the business services provider's stock after selling 57,524 shares during the quarter. Trexquant Investment LP's holdings in Robert Half were worth $2,522,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. CX Institutional purchased a new position in Robert Half in the first quarter worth $33,000. Orion Capital Management LLC acquired a new stake in Robert Half in the fourth quarter valued at $41,000. Manchester Capital Management LLC grew its holdings in Robert Half by 45.0% in 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 last quarter. Allworth Financial LP grew its holdings 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 purchasing an additional 650 shares during the last quarter. Finally, Parallel Advisors LLC grew its holdings in Robert Half by 72.9% in the first quarter. Parallel Advisors LLC now owns 1,546 shares of the business services provider's stock valued at $84,000 after purchasing an additional 652 shares during the last quarter. Hedge funds and other institutional investors own 92.41% of the company's stock.

Robert Half Stock Up 0.5%

Shares of RHI traded up $0.20 during trading hours on Tuesday, reaching $36.13. 140,364 shares of the company traded hands, compared to its average volume of 1,706,075. The stock has a fifty day simple moving average of $38.50 and a 200 day simple moving average of $44.86. Robert Half Inc. has a fifty-two week low of $33.18 and a fifty-two week high of $78.41. The stock has a market capitalization of $3.68 billion, a PE ratio of 20.67 and a beta of 1.03.

Robert Half (NYSE:RHI - Get Free Report) last posted its quarterly 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 return on equity of 13.00% and a net margin of 3.20%.The firm's revenue was down 7.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.66 EPS. Research analysts predict that Robert Half Inc. will post 2.48 EPS for the current fiscal year.

Robert Half Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, August 25th will be issued a $0.59 dividend. The ex-dividend date is Monday, August 25th. This represents a $2.36 annualized dividend and a yield of 6.5%. Robert Half's payout ratio is 134.86%.

Analysts Set New Price Targets

RHI has been the topic of several research reports. Wall Street Zen raised Robert Half from a "sell" rating to a "hold" rating in a report on Sunday, August 3rd. JPMorgan Chase & Co. lowered their target price on Robert Half from $47.00 to $45.00 and set a "neutral" rating on the stock in a report on Thursday, July 24th. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target 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.