Twin Tree Management LP Makes New $918,000 Investment in Robert Half Inc. $RHI

Key Points

• Twin Tree Management LP purchased 16,835 shares of Robert Half Inc. for approximately $918,000, marking a new stake in the company according to recent SEC filings.
• Robert Half announced a quarterly dividend of $0.59 per share, resulting in an annualized yield of 6.3%, with a payout ratio of 134.86%.
• The company reported quarterly earnings of $0.41 per share, exceeding analyst estimates, but faced a 7.0% decline in revenue compared to the previous year.

Twin Tree Management LP acquired a new position in shares of Robert Half Inc. (NYSE:RHI - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 16,835 shares of the business services provider's stock, valued at approximately $918,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Baird Financial Group Inc. lifted its holdings in shares of Robert Half by 48.5% in the first quarter. Baird Financial Group Inc. now owns 67,445 shares of the business services provider's stock worth $3,679,000 after acquiring an additional 22,041 shares during the last quarter. Evergreen Capital Management LLC lifted its holdings in shares of Robert Half by 20.5% in the first quarter. Evergreen Capital Management LLC now owns 7,715 shares of the business services provider's stock worth $421,000 after acquiring an additional 1,314 shares during the last quarter. Eisler Capital Management Ltd. bought a new position in shares of Robert Half in the first quarter worth about $346,000. Ieq Capital LLC lifted its holdings in shares of Robert Half by 43.8% in the first quarter. Ieq Capital LLC now owns 327,901 shares of the business services provider's stock worth $17,887,000 after acquiring an additional 99,868 shares during the last quarter. Finally, Ceredex Value Advisors LLC lifted its holdings in shares of Robert Half by 34.9% in the first quarter. Ceredex Value Advisors LLC now owns 172,650 shares of the business services provider's stock worth $9,418,000 after acquiring an additional 44,700 shares during the last quarter. Institutional investors own 92.41% of the company's stock.

Robert Half Price Performance

NYSE RHI traded down $0.06 during trading hours on Wednesday, reaching $37.17. The company's stock had a trading volume of 1,993,950 shares, compared to its average volume of 1,753,425. The firm has a fifty day simple moving average of $38.76 and a 200-day simple moving average of $45.55. The stock has a market cap of $3.78 billion, a P/E ratio of 21.24 and a beta of 1.03. Robert Half Inc. has a 52 week low of $33.18 and a 52 week high of $78.41.

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

Robert Half Dividend Announcement

The company 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 dividend of $0.59 per share. The ex-dividend date is Monday, August 25th. This represents a $2.36 annualized dividend and a yield of 6.4%. Robert Half's dividend payout ratio (DPR) is presently 134.86%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on RHI shares. Wall Street Zen raised shares of Robert Half from a "sell" rating to a "hold" rating in a report on Sunday, August 3rd. JPMorgan Chase & Co. dropped their target price on shares of Robert Half from $47.00 to $45.00 and set a "neutral" rating for the company in a report on Thursday, July 24th. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $45.83.

Robert Half 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.