Point72 Asset Management L.P. Has $69.44 Million Stake in Robert Half Inc. (NYSE:RHI)

Point72 Asset Management L.P. raised its stake in Robert Half Inc. (NYSE:RHI) by 61.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 985,558 shares of the business services provider’s stock after purchasing an additional 375,911 shares during the period. Point72 Asset Management L.P. owned 0.95% of Robert Half worth $69,442,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Robert Half by 613.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 364 shares of the business services provider’s stock worth $25,000 after acquiring an additional 313 shares in the last quarter. Headlands Technologies LLC bought a new position in Robert Half in the 4th quarter valued at $26,000. Signaturefd LLC boosted its holdings in Robert Half by 121.3% in the 4th quarter. Signaturefd LLC now owns 436 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 239 shares during the period. Eastern Bank purchased a new position in Robert Half in the fourth quarter worth $35,000. Finally, GeoWealth Management LLC purchased a new position in Robert Half in the fourth quarter worth $35,000. 92.41% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on RHI. JPMorgan Chase & Co. lowered 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. Truist Financial set a $55.00 price target on shares of Robert Half and gave the stock a “buy” rating in a research note on Thursday, April 24th. StockNews.com downgraded shares of Robert Half from a “buy” rating to a “hold” rating in a research note on Tuesday, April 15th. BNP Paribas cut shares of Robert Half from an “outperform” rating to a “neutral” rating and set a $45.00 price objective on the stock. in a report on Friday, May 2nd. Finally, The Goldman Sachs Group cut their price objective on shares of Robert Half from $46.00 to $40.00 and set a “sell” rating on the stock in a report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Robert Half currently has a consensus rating of “Hold” and an average target price of $48.71.

Robert Half Stock Performance

Shares of NYSE RHI opened at $47.21 on Friday. The company has a market cap of $4.82 billion, a P/E ratio of 19.35 and a beta of 1.06. The firm’s fifty day moving average is $49.09 and its two-hundred day moving average is $61.65. Robert Half Inc. has a 52-week low of $40.00 and a 52-week high of $78.41.

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

Robert Half Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 23rd will be paid a dividend of $0.59 per share. The ex-dividend date is Friday, May 23rd. This represents a $2.36 annualized dividend and a dividend yield of 5.00%. Robert Half’s dividend payout ratio (DPR) 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.