UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Acquires 48,095 Shares of Robert Half Inc. $RHI

Key Points

• UBS Asset Management increased its stake in Robert Half Inc. by 9.8%, owning a total of 536,429 shares valued at approximately $29.26 million by the end of the most recent quarter.
• Robert Half reported quarterly earnings of $0.41 EPS, surpassing analysts' expectations, although its revenue decreased by 7% year-over-year.
• The company announced a quarterly dividend of $0.59, which equates to an annualized dividend yield of 6.7%, with a payout ratio of 134.86%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 9.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 536,429 shares of the business services provider's stock after acquiring an additional 48,095 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.53% of Robert Half worth $29,262,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Quarry LP raised its position in shares of Robert Half by 540.8% in the first quarter. Quarry LP now owns 487 shares of the business services provider's stock valued at $27,000 after buying an additional 411 shares in the last quarter. Orion Capital Management LLC bought a new position in Robert Half in the fourth quarter valued at approximately $41,000. CX Institutional bought a new stake in shares of Robert Half during the first quarter worth $33,000. Manchester Capital Management LLC grew its stake in shares of 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 buying an additional 256 shares during the last quarter. Finally, Allworth Financial LP grew its stake in shares of Robert Half by 80.4% during the first quarter. Allworth Financial LP now owns 1,458 shares of the business services provider's stock worth $80,000 after buying an additional 650 shares during the last quarter. 92.41% of the stock is currently owned by institutional investors and hedge funds.

Robert Half Stock Down 1.3%

Shares of NYSE:RHI opened at $34.98 on Tuesday. The stock has a market cap of $3.56 billion, a PE ratio of 19.99 and a beta of 1.03. The company's fifty day moving average is $37.80 and its 200 day moving average is $44.02. 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 announced its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $0.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.40 by $0.01. The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.35 billion. Robert Half had a net margin of 3.20% and a return on equity of 13.00%. The company's revenue was down 7.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.66 EPS. Sell-side analysts anticipate that Robert Half Inc. will post 2.48 EPS for the current year.

Robert Half Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, August 25th were issued a $0.59 dividend. The ex-dividend date of this dividend was Monday, August 25th. This represents a $2.36 annualized dividend and a yield of 6.7%. Robert Half's payout ratio is 134.86%.

Analyst Ratings Changes

Several analysts recently weighed in on RHI shares. JPMorgan Chase & Co. reduced their price objective on shares of Robert Half from $47.00 to $45.00 and set a "neutral" rating on the stock in a research note on Thursday, July 24th. Wall Street Zen raised shares of Robert Half from a "sell" rating to a "hold" rating in a research note on Sunday, August 3rd. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Robert Half presently has a consensus rating of "Hold" and a consensus target price 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.

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