Quantinno Capital Management LP Acquires 66,222 Shares of Robert Half Inc. (NYSE:RHI)

Quantinno Capital Management LP lifted its holdings in shares of Robert Half Inc. (NYSE:RHI) by 110.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 125,987 shares of the business services provider’s stock after purchasing an additional 66,222 shares during the period. Quantinno Capital Management LP owned about 0.12% of Robert Half worth $8,877,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of 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 purchasing an additional 313 shares during the period. Headlands Technologies LLC bought a new stake in shares of Robert Half during the 4th quarter worth $26,000. Signaturefd LLC raised its stake in shares of Robert Half by 121.3% during 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 period. Eastern Bank bought a new stake in shares of Robert Half during the 4th quarter worth $35,000. Finally, GeoWealth Management LLC purchased a new stake in Robert Half in the 4th quarter worth about $35,000. 92.41% of the stock is currently owned by institutional investors.

Robert Half Stock Down 0.3%

RHI stock opened at $47.21 on Friday. The firm has a market capitalization of $4.82 billion, a PE ratio of 19.35 and a beta of 1.06. Robert Half Inc. has a twelve month low of $40.00 and a twelve month high of $78.41. The stock has a 50-day simple moving average of $49.09 and a two-hundred day simple moving average of $61.65.

Robert Half (NYSE:RHI) last posted its earnings results on Wednesday, April 23rd. The business services provider reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.19). The company 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%. The firm’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.61 EPS. On average, equities research analysts anticipate 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 will be paid on Friday, June 13th. Stockholders of record on Friday, May 23rd will be issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 5.00%. The ex-dividend date is Friday, May 23rd. Robert Half’s payout ratio is 118.00%.

Analysts Set New Price Targets

RHI has been the subject of several recent research reports. BNP Paribas Exane lowered 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. JPMorgan Chase & Co. decreased their price objective on Robert Half from $65.00 to $47.00 and set a “neutral” rating for the company in a report on Thursday, April 24th. Truist Financial set a $55.00 price objective on Robert Half and gave the stock a “buy” rating in a report on Thursday, April 24th. Barclays decreased their price objective on Robert Half from $50.00 to $45.00 and set an “equal weight” rating for the company in a report on Thursday, April 24th. Finally, StockNews.com lowered Robert Half from a “buy” rating to a “hold” rating in a report on Tuesday, April 15th. 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. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $48.71.

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.