Qsemble Capital Management LP Makes New $1.45 Million Investment in Robert Half Inc. (NYSE:RHI)

Qsemble Capital Management LP acquired a new stake in shares of Robert Half Inc. (NYSE:RHI - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,339 shares of the business services provider's stock, valued at approximately $1,454,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Wellington Management Group LLP raised its holdings in shares of Robert Half by 2.3% in the third quarter. Wellington Management Group LLP now owns 1,050,091 shares of the business services provider's stock worth $76,951,000 after buying an additional 23,377 shares during the last quarter. DNB Asset Management AS lifted its position in Robert Half by 0.6% during the 4th quarter. DNB Asset Management AS now owns 42,112 shares of the business services provider's stock worth $3,702,000 after acquiring an additional 241 shares during the period. Nordea Investment Management AB grew its stake in Robert Half by 68.1% during the 4th quarter. Nordea Investment Management AB now owns 46,632 shares of the business services provider's stock valued at $4,092,000 after purchasing an additional 18,892 shares during the last quarter. Vest Financial LLC acquired a new position in shares of Robert Half in the fourth quarter valued at about $240,000. Finally, Contravisory Investment Management Inc. acquired a new position in shares of Robert Half in the fourth quarter valued at about $422,000. 92.41% of the stock is owned by hedge funds and other institutional investors.

Robert Half Stock Performance

NYSE RHI traded up $2.14 during mid-day trading on Tuesday, reaching $66.03. 1,103,718 shares of the stock were exchanged, compared to its average volume of 1,491,933. The company has a market capitalization of $6.93 billion, a P/E ratio of 19.77, a P/E/G ratio of 5.19 and a beta of 1.25. The business's 50 day moving average is $65.38 and its 200-day moving average is $73.64. Robert Half Inc. has a 1 year low of $60.66 and a 1 year high of $88.39.

Robert Half (NYSE:RHI - Get Free Report) last posted its earnings results on Thursday, April 25th. The business services provider reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.01. Robert Half had a net margin of 5.74% and a return on equity of 22.36%. The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same period in the prior year, the company posted $1.14 EPS. The company's revenue for the quarter was down 14.0% on a year-over-year basis. Equities analysts predict that Robert Half Inc. will post 2.92 earnings per share for the current fiscal year.

Robert Half Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 24th were given a dividend of $0.53 per share. The ex-dividend date was Thursday, May 23rd. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.21%. Robert Half's dividend payout ratio (DPR) is 63.47%.

Insider Buying and Selling at Robert Half

In other news, Director Dirk A. Kempthorne sold 2,221 shares of Robert Half stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $69.66, for a total value of $154,714.86. Following the sale, the director now directly owns 10,713 shares of the company's stock, valued at $746,267.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.00% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on RHI. StockNews.com lowered Robert Half from a "buy" rating to a "hold" rating in a research report on Friday, July 5th. Truist Financial raised shares of Robert Half from a "sell" rating to a "hold" rating and set a $72.00 price objective on the stock in a report on Monday, April 22nd. Robert W. Baird reduced their target price on shares of Robert Half from $84.00 to $79.00 and set an "outperform" rating for the company in a report on Friday, April 26th. Finally, BNP Paribas raised shares of Robert Half from an "underperform" rating to an "outperform" rating and set a $80.00 price target on the stock in a report on Tuesday, June 11th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $68.71.

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.