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 bought a new stake in Robert Half Inc. (NYSE:RHI - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund bought 16,835 shares of the business services provider's stock, valued at approximately $918,000.

Several other large investors have also recently made changes to their positions in the company. Manchester Capital Management LLC lifted its stake in Robert Half by 45.0% during the first quarter. Manchester Capital Management LLC now owns 825 shares of the business services provider's stock worth $45,000 after purchasing an additional 256 shares in the last quarter. Riverwater Partners LLC raised its stake in Robert Half by 10.0% during the 1st quarter. Riverwater Partners LLC now owns 5,007 shares of the business services provider's stock worth $273,000 after acquiring an additional 457 shares in the last quarter. Trust Point Inc. grew its position in shares of Robert Half by 8.2% during the first quarter. Trust Point Inc. now owns 6,488 shares of the business services provider's stock worth $354,000 after acquiring an additional 494 shares during the last quarter. Wedbush Securities Inc. grew its position in shares of Robert Half by 15.9% during the first quarter. Wedbush Securities Inc. now owns 3,682 shares of the business services provider's stock worth $201,000 after acquiring an additional 504 shares during the last quarter. Finally, Thoroughbred Financial Services LLC boosted its holdings in shares of Robert Half by 13.6% in the first quarter. Thoroughbred Financial Services LLC now owns 4,286 shares of the business services provider's stock valued at $233,000 after acquiring an additional 512 shares in the last quarter. 92.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have commented on RHI shares. Wall Street Zen raised Robert Half from a "sell" rating to a "hold" rating in a report on Sunday, August 3rd. JPMorgan Chase & Co. reduced their price target on shares of 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 given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $45.83.

Robert Half Price Performance

RHI stock traded down $0.28 on Friday, hitting $37.07. 1,168,462 shares of the company were exchanged, compared to its average volume of 1,714,995. The stock has a market capitalization of $3.77 billion, a price-to-earnings ratio of 21.18 and a beta of 1.03. The business's fifty day moving average is $38.60 and its two-hundred day moving average is $45.23. 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 released its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $0.41 EPS for the quarter, topping analysts' consensus estimates of $0.40 by $0.01. The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.35 billion. Robert Half had a return on equity of 13.00% and a net margin of 3.20%.The business's revenue for the quarter was down 7.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.66 EPS. Equities research analysts expect that Robert Half Inc. will post 2.48 earnings per share for the current year.

Robert Half Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors 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 dividend yield of 6.4%. Robert Half's 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.