Alpine Global Management LLC Purchases Shares of 11,130 Robert Half Inc. (NYSE:RHI)

Alpine Global Management LLC purchased a new stake in Robert Half Inc. (NYSE:RHI) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 11,130 shares of the business services provider’s stock, valued at approximately $784,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Van ECK Associates Corp lifted its stake in shares of Robert Half by 24.1% during the fourth quarter. Van ECK Associates Corp now owns 85,878 shares of the business services provider’s stock valued at $6,051,000 after buying an additional 16,668 shares during the period. SG Americas Securities LLC lifted its stake in shares of Robert Half by 347.9% during the fourth quarter. SG Americas Securities LLC now owns 16,586 shares of the business services provider’s stock valued at $1,169,000 after buying an additional 12,883 shares during the period. Smartleaf Asset Management LLC lifted its stake in shares of Robert Half by 48.1% during the fourth 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. Tributary Capital Management LLC lifted its stake in shares of 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 valued at $956,000 after buying an additional 4,299 shares during the period. Finally, Allworth Financial LP lifted its stake in shares of Robert Half by 73.4% during the fourth quarter. Allworth Financial LP now owns 808 shares of the business services provider’s stock valued at $57,000 after buying an additional 342 shares during the period. Hedge funds and other institutional investors own 92.41% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on RHI shares. Barclays reduced 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 note on Thursday, April 24th. BNP Paribas downgraded shares of Robert Half from an “outperform” rating to a “neutral” rating and set a $45.00 price objective on the stock. in a research note on Friday, May 2nd. Truist Financial set a $55.00 price objective on shares of Robert Half and gave the company a “buy” rating in a research note on Thursday, April 24th. BNP Paribas Exane downgraded shares of Robert Half from an “outperform” rating to a “neutral” rating and set a $45.00 price objective on the stock. in a research note on Friday, May 2nd. Finally, JPMorgan Chase & Co. dropped 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 report on Thursday, April 24th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $48.71.

Robert Half Stock Performance

Shares of RHI stock opened at $45.96 on Friday. Robert Half Inc. has a one year low of $40.00 and a one year high of $78.41. The company has a 50 day moving average price of $48.48 and a 200 day moving average price of $60.91. The firm has a market capitalization of $4.70 billion, a price-to-earnings ratio of 18.83 and a beta of 1.06.

Robert Half (NYSE:RHI) last issued its quarterly earnings results 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 for the quarter, compared to analyst estimates of $1.41 billion. During the same period last year, the company posted $0.61 EPS. The business’s revenue for the quarter was down 8.4% on a year-over-year basis. As a group, equities analysts forecast 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 given a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 5.14%. The ex-dividend date is Friday, May 23rd. Robert Half’s payout ratio is currently 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.