Aquatic Capital Management LLC Reduces Stock Position in Robert Half Inc. (NYSE:RHI)

Aquatic Capital Management LLC lowered its stake in shares of Robert Half Inc. (NYSE:RHI) by 26.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,057 shares of the business services provider’s stock after selling 8,670 shares during the quarter. Aquatic Capital Management LLC’s holdings in Robert Half were worth $1,695,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Van ECK Associates Corp raised its position in shares of Robert Half by 24.1% during the 4th quarter. Van ECK Associates Corp now owns 85,878 shares of the business services provider’s stock valued at $6,051,000 after acquiring an additional 16,668 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Robert Half by 347.9% in the 4th quarter. SG Americas Securities LLC now owns 16,586 shares of the business services provider’s stock worth $1,169,000 after buying an additional 12,883 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Robert Half by 48.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 794 shares of the business services provider’s stock valued at $56,000 after buying an additional 258 shares during the period. JPMorgan Chase & Co. grew its position in shares of Robert Half by 20.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 270,467 shares of the business services provider’s stock valued at $18,232,000 after buying an additional 46,100 shares during the last quarter. Finally, Tributary Capital Management LLC raised its stake in Robert Half by 46.3% during the fourth quarter. Tributary Capital Management LLC now owns 13,575 shares of the business services provider’s stock worth $956,000 after acquiring an additional 4,299 shares during the period. 92.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on RHI. The Goldman Sachs Group dropped their price target 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. Truist Financial set a $55.00 price target on shares of Robert Half and gave the company a “buy” rating in a report on Thursday, April 24th. Barclays cut their price objective on shares of 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. StockNews.com cut shares of Robert Half from a “buy” rating to a “hold” rating in a research report on Tuesday, April 15th. Finally, JPMorgan Chase & Co. reduced their price objective on Robert Half from $65.00 to $47.00 and set a “neutral” rating for the company in a research report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Robert Half has an average rating of “Hold” and a consensus price target of $53.75.

Robert Half Stock Down 0.4 %

Shares of NYSE RHI opened at $44.26 on Wednesday. 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 $4.51 billion, a price-to-earnings ratio of 18.14 and a beta of 1.13. The stock’s fifty day simple moving average is $51.94 and its 200 day simple moving average is $63.44.

Robert Half (NYSE:RHI) last posted its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.19). The firm 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%. Robert Half’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.61 earnings per share. As a group, 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. Stockholders of record on Tuesday, February 25th were issued a $0.59 dividend. The ex-dividend date was Tuesday, February 25th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 5.33%. This is a positive change from Robert Half’s previous quarterly dividend of $0.53. Robert Half’s dividend payout ratio is presently 118.00%.

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.