Oxford Asset Management LLP Invests $200,000 in Robert Half Inc. (NYSE:RHI)

Oxford Asset Management LLP purchased a new position in shares of Robert Half Inc. (NYSE:RHI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,844 shares of the business services provider’s stock, valued at approximately $200,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Van ECK Associates Corp grew its position in shares of Robert Half by 24.1% during the 4th quarter. Van ECK Associates Corp now owns 85,878 shares of the business services provider’s stock worth $6,051,000 after buying an additional 16,668 shares in the last quarter. SG Americas Securities LLC boosted its position in 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 purchasing an additional 12,883 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in 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 purchasing an additional 258 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Robert Half by 20.5% during the third quarter. JPMorgan Chase & Co. now owns 270,467 shares of the business services provider’s stock valued at $18,232,000 after purchasing an additional 46,100 shares in the last quarter. Finally, Tributary Capital Management LLC boosted its position in 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 purchasing an additional 4,299 shares in the last quarter. Institutional investors own 92.41% of the company’s stock.

Wall Street Analysts Forecast Growth

RHI has been the topic of a number of recent research reports. The Goldman Sachs Group dropped their price objective 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. Barclays dropped their price objective on Robert Half from $50.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 24th. BNP Paribas upgraded Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 price target for the company in a research note on Monday, February 10th. StockNews.com lowered Robert Half from a “buy” rating to a “hold” rating in a research note on Tuesday, April 15th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Robert Half from $65.00 to $47.00 and set a “neutral” rating for the company in a research note on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $53.75.

Robert Half Price Performance

NYSE RHI opened at $44.42 on Tuesday. The stock’s fifty day moving average price is $52.26 and its 200 day moving average price is $63.58. Robert Half Inc. has a 1 year low of $40.00 and a 1 year high of $78.41. The company has a market cap of $4.53 billion, a price-to-earnings ratio of 18.20 and a beta of 1.13.

Robert Half (NYSE:RHI) last released its earnings results on Wednesday, April 23rd. The business services provider reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.19). The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.41 billion. Robert Half had a net margin of 4.34% and a return on equity of 17.20%. Robert Half’s revenue was down 8.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.61 earnings per share. Research analysts expect that Robert Half Inc. will post 2.48 earnings per share for the current year.

Robert Half Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Tuesday, February 25th were given a dividend of $0.59 per share. This is an increase from Robert Half’s previous quarterly dividend of $0.53. This represents a $2.36 annualized dividend and a yield of 5.31%. The ex-dividend date of this dividend was Tuesday, February 25th. Robert Half’s dividend payout ratio (DPR) 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.