Y Intercept Hong Kong Ltd raised its position in shares of Robert Half Inc. (NYSE:RHI – Free Report) by 137.0% during the 1st quarter, Holdings Channel reports. The firm owned 80,446 shares of the business services provider’s stock after buying an additional 46,503 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Robert Half were worth $2,043,000 as of its most recent filing with the SEC.
A number of other hedge funds have also modified their holdings of the company. Larson Financial Group LLC raised its stake in shares of Robert Half by 321.0% in the fourth quarter. Larson Financial Group LLC now owns 1,002 shares of the business services provider’s stock worth $27,000 after purchasing an additional 764 shares during the last quarter. Gilpin Wealth Management LLC purchased a new stake in Robert Half in the fourth quarter valued at approximately $27,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Robert Half in the 2nd quarter worth approximately $34,000. Fifth Third Bancorp increased its holdings in Robert Half by 94.3% in the 4th quarter. Fifth Third Bancorp now owns 1,368 shares of the business services provider’s stock worth $37,000 after buying an additional 664 shares during the period. Finally, Danske Bank A S purchased a new position in Robert Half during the 3rd quarter worth approximately $37,000. 92.41% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several analysts have recently commented on the stock. William Blair raised shares of Robert Half from a “market perform” rating to an “outperform” rating in a report on Tuesday, April 21st. Weiss Ratings raised shares of Robert Half from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, June 17th. Finally, Zacks Research downgraded shares of Robert Half from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 29th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $31.75.
Robert Half Trading Down 4.9%
Shares of NYSE:RHI opened at $33.07 on Thursday. Robert Half Inc. has a 12-month low of $21.83 and a 12-month high of $43.69. The business has a 50 day moving average of $29.48 and a two-hundred day moving average of $27.54. The company has a market capitalization of $3.38 billion, a PE ratio of 25.44 and a beta of 0.82.
Robert Half (NYSE:RHI – Get Free Report) last posted its earnings results on Thursday, April 23rd. The business services provider reported $0.14 earnings per share for the quarter, meeting the consensus estimate of $0.14. The firm had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.34 billion. Robert Half had a net margin of 2.43% and a return on equity of 10.14%. The business’s quarterly revenue was down 3.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.17 EPS. Equities research analysts predict that Robert Half Inc. will post 1.29 earnings per share for the current fiscal year.
Robert Half Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 22nd were paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 7.1%. The ex-dividend date was Friday, May 22nd. Robert Half’s payout ratio is 181.54%.
Robert Half Company Profile
Robert Half International Inc, founded in 1948 by Robert Half, is a global professional staffing and consulting firm headquartered in Menlo Park, California. As a pioneer in specialized staffing, the company has built a reputation for matching skilled professionals with leading organizations across a range of industries. Robert Half’s shares trade on the New York Stock Exchange under the ticker RHI, reflecting its position as one of the longest‐standing and best‐known firms in the staffing sector.
The company offers a comprehensive suite of services, including temporary staffing, permanent placement, and consulting solutions.
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