GAMMA Investing LLC Buys 112,980 Shares of Robert Half Inc. (NYSE:RHI)

GAMMA Investing LLC boosted its stake in Robert Half Inc. (NYSE:RHI) by 10,422.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 114,064 shares of the business services provider’s stock after purchasing an additional 112,980 shares during the quarter. GAMMA Investing LLC owned about 0.11% of Robert Half worth $6,222,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in RHI. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Robert Half by 613.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 364 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 313 shares during the period. Headlands Technologies LLC acquired a new position in Robert Half in the fourth quarter valued at about $26,000. Signaturefd LLC grew its stake in Robert Half by 121.3% in the fourth quarter. Signaturefd LLC now owns 436 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 239 shares during the period. GeoWealth Management LLC acquired a new position in Robert Half in the fourth quarter valued at about $35,000. Finally, Orion Capital Management LLC acquired a new position in Robert Half in the fourth quarter valued at about $41,000. 92.41% of the stock is owned by institutional investors and hedge funds.

Robert Half Stock Performance

Shares of NYSE RHI opened at $44.49 on Tuesday. The stock has a 50 day moving average price of $46.31 and a 200 day moving average price of $58.27. Robert Half Inc. has a 52 week low of $40.00 and a 52 week high of $78.41. The stock has a market capitalization of $4.54 billion, a PE ratio of 18.23 and a beta of 1.04.

Robert Half (NYSE:RHI) last issued 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). Robert Half had a net margin of 4.34% and a return on equity of 17.20%. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same period last year, the company posted $0.61 earnings per share. The business’s revenue for the quarter was down 8.4% on a year-over-year basis. As a group, research analysts forecast that Robert Half Inc. will post 2.48 EPS for the current year.

Robert Half Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 23rd will be paid a $0.59 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $2.36 annualized dividend and a yield of 5.30%. Robert Half’s dividend payout ratio is 118.00%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on RHI shares. The Goldman Sachs Group dropped their target price on Robert Half from $46.00 to $40.00 and set a “sell” rating on the stock in a research report on Thursday, April 24th. Wall Street Zen raised shares of Robert Half from a “sell” rating to a “hold” rating in a research note on Friday. Truist Financial set a $55.00 price objective on shares of Robert Half and gave the company a “buy” rating in a report on Thursday, April 24th. BNP Paribas Exane lowered shares of Robert Half from an “outperform” rating to a “neutral” rating and set a $45.00 price objective on the stock. in a research report on Friday, May 2nd. Finally, JPMorgan Chase & Co. reduced their target price on shares of Robert Half from $65.00 to $47.00 and set a “neutral” rating for the company in a report on Thursday, April 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $48.71.

Robert Half Company 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.