Vivaldi Capital Management LP Makes New Investment in Robert Half Inc. (NYSE:RHI)

Vivaldi Capital Management LP bought a new stake in shares of Robert Half Inc. (NYSE:RHI - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 222,789 shares of the business services provider's stock, valued at approximately $15,636,000. Robert Half accounts for approximately 2.4% of Vivaldi Capital Management LP's investment portfolio, making the stock its 8th biggest position. Vivaldi Capital Management LP owned about 0.22% of Robert Half at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. grew its holdings in Robert Half by 19.1% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 32,386 shares of the business services provider's stock valued at $2,282,000 after buying an additional 5,203 shares in the last quarter. Point72 Asset Management L.P. grew its holdings in Robert Half by 61.7% during the 4th quarter. Point72 Asset Management L.P. now owns 985,558 shares of the business services provider's stock valued at $69,442,000 after buying an additional 375,911 shares in the last quarter. Quantinno Capital Management LP grew its holdings in Robert Half by 110.8% during the 4th quarter. Quantinno Capital Management LP now owns 125,987 shares of the business services provider's stock valued at $8,877,000 after buying an additional 66,222 shares in the last quarter. Focus Partners Wealth grew its holdings in Robert Half by 8.7% during the 4th quarter. Focus Partners Wealth now owns 16,383 shares of the business services provider's stock valued at $1,154,000 after buying an additional 1,307 shares in the last quarter. Finally, Deutsche Bank AG grew its holdings in Robert Half by 21.3% during the 4th quarter. Deutsche Bank AG now owns 9,682 shares of the business services provider's stock valued at $682,000 after buying an additional 1,700 shares in the last quarter. Institutional investors own 92.41% of the company's stock.

Robert Half Stock Down 1.7%

RHI traded down $0.80 during trading hours on Friday, reaching $45.31. 1,124,966 shares of the company's stock traded hands, compared to its average volume of 1,494,447. The firm has a 50-day moving average price of $48.30 and a 200 day moving average price of $60.75. Robert Half Inc. has a 52-week low of $40.00 and a 52-week high of $78.41. The firm has a market capitalization of $4.63 billion, a PE ratio of 18.57 and a beta of 1.06.

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 analysts' consensus estimates of $0.36 by ($0.19). Robert Half had a net margin of 4.34% and a return on equity of 17.20%. The business had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.41 billion. During the same quarter in the previous year, the firm earned $0.61 EPS. Robert Half's revenue was down 8.4% compared to the same quarter last year. Equities analysts predict that Robert Half Inc. will post 2.48 EPS for the current fiscal year.

Robert Half Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 23rd will be issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 5.21%. The ex-dividend date is Friday, May 23rd. Robert Half's payout ratio is currently 118.00%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. BNP Paribas cut Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 price target for the company. in a report on Friday, May 2nd. Truist Financial set a $55.00 price target on Robert Half and gave the company a "buy" rating in a report on Thursday, April 24th. JPMorgan Chase & Co. dropped their target price on Robert Half from $65.00 to $47.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. Barclays dropped their target price on Robert Half from $50.00 to $45.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. Finally, BNP Paribas Exane cut Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 target price for the company. in a report on Friday, May 2nd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $48.71.

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.