Alpine Global Management LLC Takes $784,000 Position in Robert Half Inc. (NYSE:RHI)

Alpine Global Management LLC bought a new position in Robert Half Inc. (NYSE:RHI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 11,130 shares of the business services provider’s stock, valued at approximately $784,000.

Several other institutional investors also recently made changes to their positions in RHI. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Robert Half by 613.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 364 shares of the business services provider’s stock worth $25,000 after buying an additional 313 shares during the last quarter. Headlands Technologies LLC bought a new stake in Robert Half in the 4th quarter valued at about $26,000. Signaturefd LLC grew its position 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 purchasing an additional 239 shares during the last quarter. Eastern Bank bought a new stake in shares of Robert Half during the fourth quarter valued at approximately $35,000. Finally, GeoWealth Management LLC acquired a new position in shares of Robert Half during the fourth quarter worth approximately $35,000. 92.41% of the stock is owned by institutional investors.

Robert Half Trading Down 0.6 %

RHI stock opened at $45.14 on Tuesday. The firm has a 50-day moving average of $53.71 and a two-hundred day moving average of $64.34. The firm has a market capitalization of $4.60 billion, a PE ratio of 18.50 and a beta of 1.13. Robert Half Inc. has a one year low of $44.31 and a one year high of $78.41.

Robert Half (NYSE:RHI) last announced its earnings results on Wednesday, January 29th. The business services provider reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.01). Robert Half had a net margin of 4.34% and a return on equity of 17.20%. On average, equities research analysts anticipate that Robert Half Inc. will post 2.48 earnings per share for the current year.

Robert Half Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Tuesday, February 25th were given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 5.23%. This is an increase from Robert Half’s previous quarterly dividend of $0.53. The ex-dividend date was Tuesday, February 25th. Robert Half’s payout ratio is currently 96.72%.

Wall Street Analysts Forecast Growth

RHI has been the subject of several recent analyst reports. StockNews.com cut Robert Half from a “buy” rating to a “hold” rating in a research note on Tuesday, April 15th. JPMorgan Chase & Co. dropped their price target on shares of Robert Half from $69.00 to $65.00 and set a “neutral” rating on the stock in a research report on Thursday, January 30th. BNP Paribas raised Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 target price on the stock in a report on Monday, February 10th. Truist Financial decreased their price target on Robert Half from $90.00 to $60.00 and set a “buy” rating for the company in a research note on Tuesday, April 15th. Finally, Barclays cut their price objective on Robert Half from $80.00 to $50.00 and set an “equal weight” rating for the company in a report on Thursday, April 10th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Robert Half currently has an average rating of “Hold” and an average price target of $64.92.

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.