Point72 Asia Singapore Pte. Ltd. Increases Position in Robert Half Inc. (NYSE:RHI)

Point72 Asia Singapore Pte. Ltd. increased its position in shares of Robert Half Inc. (NYSE:RHI) by 19.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 32,386 shares of the business services provider’s stock after acquiring an additional 5,203 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in Robert Half were worth $2,282,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Robert Half by 613.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 364 shares of the business services provider’s stock worth $25,000 after purchasing an additional 313 shares during the last quarter. Headlands Technologies LLC acquired a new stake in Robert Half in the 4th quarter worth about $26,000. Signaturefd LLC boosted its stake in Robert Half by 121.3% in the 4th quarter. Signaturefd LLC now owns 436 shares of the business services provider’s stock worth $31,000 after buying an additional 239 shares during the last quarter. Eastern Bank purchased a new stake in Robert Half in the 4th quarter valued at about $35,000. Finally, GeoWealth Management LLC acquired a new position in shares of Robert Half during the 4th quarter valued at about $35,000. 92.41% of the stock is owned by hedge funds and other institutional investors.

Robert Half Price Performance

NYSE:RHI opened at $47.47 on Thursday. The business’s 50-day moving average is $49.24 and its two-hundred day moving average is $61.80. The firm has a market capitalization of $4.85 billion, a PE ratio of 19.45 and a beta of 1.06. Robert Half Inc. has a 12 month low of $40.00 and a 12 month high of $78.41.

Robert Half (NYSE:RHI) last announced its 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 analysts’ expectations of $1.41 billion. Robert Half had a net margin of 4.34% and a return on equity of 17.20%. The business’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.61 earnings per share. Equities 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 will be paid on Friday, June 13th. Stockholders of record on Friday, May 23rd will be paid a $0.59 dividend. The ex-dividend date is Friday, May 23rd. This represents a $2.36 annualized dividend and a dividend yield of 4.97%. Robert Half’s dividend payout ratio (DPR) is presently 118.00%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. StockNews.com downgraded shares of Robert Half from a “buy” rating to a “hold” rating in a report on Tuesday, April 15th. Truist Financial set a $55.00 price objective on shares of Robert Half and gave the company a “buy” rating in a research note on Thursday, April 24th. Barclays cut their target price on Robert Half from $50.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 24th. The Goldman Sachs Group lowered their price target on Robert Half from $46.00 to $40.00 and set a “sell” rating for the company in a research report on Thursday, April 24th. Finally, BNP Paribas Exane lowered Robert Half from an “outperform” rating to a “neutral” rating and set a $45.00 price objective on the stock. in a research note on Friday, May 2nd. One equities 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’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus 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.