Two Sigma Investments LP Has $857,000 Stock Holdings in Robert Half Inc. (NYSE:RHI)

Two Sigma Investments LP lessened its holdings in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 73.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 12,160 shares of the business services provider's stock after selling 34,452 shares during the period. Two Sigma Investments LP's holdings in Robert Half were worth $857,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Van ECK Associates Corp lifted its position in shares of Robert Half by 24.1% during the 4th quarter. Van ECK Associates Corp now owns 85,878 shares of the business services provider's stock worth $6,051,000 after purchasing an additional 16,668 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in Robert Half by 48.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 794 shares of the business services provider's stock valued at $56,000 after acquiring an additional 258 shares during the period. Allworth Financial LP increased its stake in Robert Half by 73.4% during the fourth quarter. Allworth Financial LP now owns 808 shares of the business services provider's stock valued at $57,000 after acquiring an additional 342 shares during the period. HighTower Advisors LLC increased its stake in Robert Half by 2.4% during the fourth quarter. HighTower Advisors LLC now owns 36,911 shares of the business services provider's stock valued at $2,601,000 after acquiring an additional 863 shares during the period. Finally, Atria Investments Inc increased its stake in Robert Half by 35.5% during the fourth quarter. Atria Investments Inc now owns 4,168 shares of the business services provider's stock valued at $294,000 after acquiring an additional 1,093 shares during the period. Institutional investors and hedge funds own 92.41% of the company's stock.

Robert Half Trading Up 1.7%

RHI stock opened at $44.30 on Friday. The business's 50 day moving average is $46.51 and its 200-day moving average is $58.69. Robert Half Inc. has a 1-year low of $40.00 and a 1-year high of $78.41. The firm has a market cap of $4.53 billion, a P/E ratio of 18.15 and a beta of 1.04.

Robert Half (NYSE:RHI - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.19). Robert Half had a return on equity of 17.20% and a net margin of 4.34%. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same period in the prior year, the company posted $0.61 EPS. The firm's quarterly revenue was down 8.4% compared to the same quarter last year. Sell-side analysts forecast that Robert Half Inc. will post 2.48 EPS for the current year.

Robert Half Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 23rd will be paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 5.33%. The ex-dividend date of this dividend is Friday, May 23rd. Robert Half's dividend payout ratio (DPR) is currently 118.00%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. BNP Paribas Exane lowered Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 price target on the stock. in a research note on Friday, May 2nd. BNP Paribas lowered Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 price target on the stock. in a research note on Friday, May 2nd. JPMorgan Chase & Co. lowered their price target on Robert Half from $65.00 to $47.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. Wall Street Zen upgraded Robert Half from a "sell" rating to a "hold" rating in a research note on Friday. Finally, Barclays lowered their price objective on Robert Half from $50.00 to $45.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Robert Half currently has an average rating of "Hold" and a consensus price target of $48.71.

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.

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