Vivaldi Capital Management LP Takes $15.64 Million Position in Robert Half Inc. (NYSE:RHI)

Vivaldi Capital Management LP acquired a new stake in shares of Robert Half Inc. (NYSE:RHI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 222,789 shares of the business services provider’s stock, valued at approximately $15,636,000. Robert Half makes up approximately 2.4% of Vivaldi Capital Management LP’s portfolio, making the stock its 8th biggest holding. Vivaldi Capital Management LP owned about 0.22% of Robert Half as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Boston Partners increased its holdings in shares of Robert Half by 17.5% during the fourth quarter. Boston Partners now owns 8,554,276 shares of the business services provider’s stock valued at $602,867,000 after acquiring an additional 1,271,237 shares in the last quarter. Mawer Investment Management Ltd. boosted its position in Robert Half by 72.6% in the fourth quarter. Mawer Investment Management Ltd. now owns 8,079,597 shares of the business services provider’s stock valued at $569,288,000 after buying an additional 3,398,257 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Robert Half by 4.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,433,585 shares of the business services provider’s stock valued at $241,930,000 after buying an additional 148,577 shares during the last quarter. Alliancebernstein L.P. boosted its position in Robert Half by 0.5% in the fourth quarter. Alliancebernstein L.P. now owns 3,217,999 shares of the business services provider’s stock valued at $226,740,000 after buying an additional 17,338 shares during the last quarter. Finally, Fiduciary Management Inc. WI boosted its position in Robert Half by 15.4% in the fourth quarter. Fiduciary Management Inc. WI now owns 2,251,541 shares of the business services provider’s stock valued at $158,644,000 after buying an additional 300,524 shares during the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.

Robert Half Trading Up 1.6%

Robert Half stock opened at $47.94 on Monday. Robert Half Inc. has a 12 month low of $40.00 and a 12 month high of $78.41. The stock’s 50 day simple moving average is $48.97 and its two-hundred day simple moving average is $61.41. The firm has a market cap of $4.90 billion, a PE ratio of 19.65 and a beta of 1.06.

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 17.20% and a net margin of 4.34%. 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. On average, equities research analysts forecast that Robert Half Inc. will post 2.48 EPS for the current year.

Robert Half Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 23rd will be paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 4.92%. The ex-dividend date of this dividend is Friday, May 23rd. Robert Half’s payout ratio is 118.00%.

Analysts Set New Price Targets

RHI has been the topic of a number of recent research reports. 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. JPMorgan Chase & Co. dropped their target price on Robert Half from $65.00 to $47.00 and set a “neutral” rating on the stock in a research report on Thursday, April 24th. BNP Paribas Exane lowered Robert Half from an “outperform” rating to a “neutral” rating and set a $45.00 target price on the stock. in a research report on Friday, May 2nd. StockNews.com lowered Robert Half from a “buy” rating to a “hold” rating in a research report on Tuesday, April 15th. Finally, BNP Paribas lowered Robert Half from an “outperform” rating to a “neutral” rating and set a $45.00 target price on the stock. in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Robert Half currently has an average rating of “Hold” and a consensus price target of $48.71.

About Robert Half

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.