Robert Half Inc. (NYSE:RHI) Holdings Cut by Aquatic Capital Management LLC

Aquatic Capital Management LLC reduced its stake in shares of Robert Half Inc. (NYSE:RHI) by 26.5% during the 4th quarter, HoldingsChannel reports. The fund owned 24,057 shares of the business services provider’s stock after selling 8,670 shares during the period. Aquatic Capital Management LLC’s holdings in Robert Half were worth $1,695,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Van ECK Associates Corp raised its stake 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 in the last quarter. SG Americas Securities LLC lifted its stake in shares of Robert Half by 347.9% in the 4th quarter. SG Americas Securities LLC now owns 16,586 shares of the business services provider’s stock valued at $1,169,000 after purchasing an additional 12,883 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of Robert Half by 48.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 794 shares of the business services provider’s stock valued at $56,000 after purchasing an additional 258 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Robert Half by 20.5% in the third quarter. JPMorgan Chase & Co. now owns 270,467 shares of the business services provider’s stock worth $18,232,000 after purchasing an additional 46,100 shares in the last quarter. Finally, Tributary Capital Management LLC increased its position in Robert Half by 46.3% during the fourth quarter. Tributary Capital Management LLC now owns 13,575 shares of the business services provider’s stock worth $956,000 after buying an additional 4,299 shares during the last quarter. 92.41% of the stock is currently owned by hedge funds and other institutional investors.

Robert Half Stock Down 0.4 %

RHI stock opened at $44.26 on Wednesday. The company has a market cap of $4.51 billion, a PE ratio of 18.14 and a beta of 1.13. Robert Half Inc. has a twelve month low of $40.00 and a twelve month high of $78.41. The business’s 50-day simple moving average is $51.94 and its 200 day simple moving average is $63.44.

Robert Half (NYSE:RHI) last released its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $0.17 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.19). The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.41 billion. Robert Half had a net margin of 4.34% and a return on equity of 17.20%. Robert Half’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same period last year, the company earned $0.61 earnings per share. On average, equities research analysts anticipate that Robert Half Inc. will post 2.48 EPS for the current year.

Robert Half Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Tuesday, February 25th were issued a $0.59 dividend. This is a positive change from Robert Half’s previous quarterly dividend of $0.53. This represents a $2.36 annualized dividend and a yield of 5.33%. The ex-dividend date was Tuesday, February 25th. Robert Half’s dividend payout ratio is currently 118.00%.

Analyst Ratings Changes

Several research firms have recently issued reports on RHI. Truist Financial set a $55.00 price target on Robert Half and gave the stock a “buy” rating in a research note on Thursday, April 24th. BNP Paribas raised Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 target price for the company in a research report on Monday, February 10th. Barclays reduced their price objective on shares of Robert Half from $50.00 to $45.00 and set an “equal weight” rating for the company in a research note on Thursday, April 24th. StockNews.com downgraded shares of Robert Half from a “buy” rating to a “hold” rating in a report on Tuesday, April 15th. Finally, The Goldman Sachs Group decreased their price target on shares of Robert Half from $46.00 to $40.00 and set a “sell” rating for the company in a report on Thursday, April 24th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Robert Half presently has an average rating of “Hold” and an average target price of $53.75.

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.