Trexquant Investment LP Trims Stock Position 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 lowered its holdings in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 55.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of RHI. CX Institutional acquired a new stake in Robert Half in the 1st quarter valued at approximately $33,000. Orion Capital Management LLC acquired a new stake in shares of Robert Half in the fourth quarter valued at about $41,000. Manchester Capital Management LLC grew its position in shares of 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 raised its position in Robert Half by 80.4% during 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. Finally, Parallel Advisors LLC grew its stake in shares of Robert Half by 72.9% in the 1st quarter. Parallel Advisors LLC now owns 1,546 shares of the business services provider's stock valued at $84,000 after buying an additional 652 shares during the period. Institutional investors and hedge funds own 92.41% of the company's stock.

Analyst Ratings Changes

RHI has been the subject of several recent analyst reports. Wall Street Zen raised shares of Robert Half from a "sell" rating to a "hold" rating in a research note on Sunday, August 3rd. JPMorgan Chase & Co. dropped their price target on shares of Robert Half from $47.00 to $45.00 and set a "neutral" rating on the stock in a research report on Thursday, July 24th. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $45.83.

Robert Half Price Performance

Shares of NYSE RHI traded down $1.08 during trading hours on Monday, reaching $35.95. The stock had a trading volume of 722,033 shares, compared to its average volume of 1,710,672. The business's fifty day moving average is $38.60 and its two-hundred day moving average is $45.02. The company has a market cap of $3.66 billion, a price-to-earnings ratio of 20.57 and a beta of 1.03. Robert Half Inc. has a twelve month low of $33.18 and a twelve month high of $78.41.

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, beating analysts' consensus estimates of $0.40 by $0.01. Robert Half had a return on equity of 13.00% and a net margin of 3.20%.The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same quarter last year, the firm earned $0.66 EPS. Robert Half's revenue for the quarter was down 7.0% compared to the same quarter last year. Sell-side analysts forecast that Robert Half Inc. will post 2.48 earnings per share for the current fiscal year.

Robert Half Dividend Announcement

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 given a dividend of $0.59 per share. The ex-dividend date of this dividend is Monday, August 25th. This represents a $2.36 dividend on an annualized basis and a yield of 6.6%. Robert Half's dividend payout ratio is presently 134.86%.

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.