Lecap Asset Management Ltd. Has $1.34 Million Stake in Robert Half Inc. $RHI

Lecap Asset Management Ltd. raised its position in Robert Half Inc. (NYSE:RHI) by 7.8% during the second quarter, according to its most recent filing with the SEC. The firm owned 32,633 shares of the business services provider’s stock after purchasing an additional 2,368 shares during the period. Lecap Asset Management Ltd.’s holdings in Robert Half were worth $1,340,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quarry LP lifted its position in shares of Robert Half by 540.8% in the 1st quarter. Quarry LP now owns 487 shares of the business services provider’s stock worth $27,000 after purchasing an additional 411 shares during the period. CX Institutional acquired a new position in shares of Robert Half in the 1st quarter worth approximately $33,000. Manchester Capital Management LLC increased its stake in shares of Robert Half by 45.0% in the 1st quarter. Manchester Capital Management LLC now owns 825 shares of the business services provider’s stock valued at $45,000 after acquiring an additional 256 shares in the last quarter. Allworth Financial LP increased its stake in shares of Robert Half by 80.4% in the 1st quarter. Allworth Financial LP now owns 1,458 shares of the business services provider’s stock valued at $80,000 after acquiring an additional 650 shares in the last quarter. Finally, Parallel Advisors LLC increased its stake in shares of Robert Half by 72.9% in the 1st quarter. Parallel Advisors LLC now owns 1,546 shares of the business services provider’s stock valued at $84,000 after acquiring an additional 652 shares in the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.

Robert Half Trading Down 0.0%

Shares of RHI stock opened at $33.98 on Thursday. The firm has a market capitalization of $3.46 billion, a PE ratio of 19.41 and a beta of 1.03. The firm has a fifty day simple moving average of $35.99 and a two-hundred day simple moving average of $42.51. Robert Half Inc. has a 12 month low of $33.18 and a 12 month high of $78.41.

Robert Half (NYSE:RHI) last announced its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.01. Robert Half had a net margin of 3.20% and a return on equity of 13.00%. The business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same quarter in the previous year, the business posted $0.66 EPS. Robert Half’s quarterly revenue was down 7.0% on a year-over-year basis. On average, equities analysts predict that Robert Half Inc. will post 2.48 earnings per share for the current fiscal year.

Robert Half Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, August 25th were paid a $0.59 dividend. The ex-dividend date was Monday, August 25th. This represents a $2.36 annualized dividend and a dividend yield of 6.9%. Robert Half’s dividend payout ratio is presently 134.86%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on RHI shares. Zacks Research lowered shares of Robert Half from a “hold” rating to a “strong sell” rating in a research note on Monday, September 22nd. Wall Street Zen upgraded shares of Robert Half from a “sell” rating to a “hold” rating in a research note on Sunday, August 3rd. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Robert Half from $47.00 to $45.00 and set a “neutral” rating for the company in a research note on Thursday, July 24th. One analyst has rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $45.83.

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.