CX Institutional Purchases Shares of 596 Robert Half Inc. (NYSE:RHI)

CX Institutional acquired a new position in Robert Half Inc. (NYSE:RHI) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 596 shares of the business services provider’s stock, valued at approximately $33,000.

Several other hedge funds have also modified their holdings of the company. Van ECK Associates Corp lifted its stake in Robert Half by 24.1% in the fourth 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 during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Robert Half by 48.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 794 shares of the business services provider’s stock worth $56,000 after buying an additional 258 shares during the period. Allworth Financial LP lifted its stake in shares of Robert Half by 73.4% during the 4th quarter. Allworth Financial LP now owns 808 shares of the business services provider’s stock worth $57,000 after acquiring an additional 342 shares during the last quarter. HighTower Advisors LLC boosted its holdings in Robert Half by 2.4% during the 4th quarter. HighTower Advisors LLC now owns 36,911 shares of the business services provider’s stock valued at $2,601,000 after acquiring an additional 863 shares during the period. Finally, Atria Investments Inc boosted its holdings in Robert Half by 35.5% during the 4th quarter. Atria Investments Inc now owns 4,168 shares of the business services provider’s stock valued at $294,000 after acquiring an additional 1,093 shares during the period. 92.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on RHI shares. Wall Street Zen upgraded Robert Half from a “sell” rating to a “hold” rating in a research report on Friday, June 6th. BNP Paribas Exane lowered shares of Robert Half from an “outperform” rating to a “neutral” rating and set a $45.00 price objective for the company. in a report on Friday, May 2nd. BNP Paribas cut shares of Robert Half from an “outperform” rating to a “neutral” rating and set a $45.00 price objective for the company. in a research report on Friday, May 2nd. Barclays dropped their target price on shares of Robert Half from $50.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 24th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Robert Half from $65.00 to $47.00 and set a “neutral” rating for the company in a research note on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $48.71.

Robert Half Trading Down 2.4%

NYSE:RHI opened at $42.21 on Wednesday. Robert Half Inc. has a twelve month low of $40.00 and a twelve month high of $78.41. The company has a market cap of $4.31 billion, a PE ratio of 21.11 and a beta of 1.04. The company’s 50 day moving average is $45.70 and its two-hundred day moving average is $57.08.

Robert Half (NYSE:RHI) last released its quarterly earnings data 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 return on equity of 14.54% and a net margin of 3.62%. The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.41 billion. During the same quarter in the prior year, the company posted $0.61 EPS. The company’s revenue for the quarter was down 8.4% on a year-over-year basis. As a group, analysts expect 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 was paid on Friday, June 13th. Investors of record on Friday, May 23rd were paid a dividend of $0.59 per share. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $2.36 annualized dividend and a yield of 5.59%. Robert Half’s dividend payout ratio is presently 118.00%.

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.