Trexquant Investment LP Sells 105,420 Shares of Robert Half Inc. (NYSE:RHI)

Trexquant Investment LP decreased its holdings in Robert Half Inc. (NYSE:RHI) by 50.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 103,757 shares of the business services provider’s stock after selling 105,420 shares during the quarter. Trexquant Investment LP’s holdings in Robert Half were worth $7,311,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in RHI. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Robert Half by 17.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,770 shares of the business services provider’s stock worth $1,468,000 after buying an additional 3,281 shares during the period. Captrust Financial Advisors lifted its holdings in shares of Robert Half by 139.7% in the 3rd quarter. Captrust Financial Advisors now owns 32,078 shares of the business services provider’s stock worth $2,162,000 after buying an additional 18,697 shares during the period. HighTower Advisors LLC lifted its stake in Robert Half by 11.1% in the third quarter. HighTower Advisors LLC now owns 36,048 shares of the business services provider’s stock worth $2,436,000 after acquiring an additional 3,606 shares during the period. Janus Henderson Group PLC grew its holdings in Robert Half by 828.9% during the 3rd quarter. Janus Henderson Group PLC now owns 463,570 shares of the business services provider’s stock worth $31,249,000 after acquiring an additional 413,664 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in Robert Half during the 3rd quarter valued at about $41,096,000. 92.41% of the stock is currently owned by institutional investors.

Robert Half Stock Performance

Robert Half stock opened at $51.01 on Friday. Robert Half Inc. has a one year low of $50.76 and a one year high of $78.41. The stock has a market cap of $5.21 billion, a PE ratio of 20.90 and a beta of 1.22. The stock has a 50-day moving average of $58.17 and a two-hundred day moving average of $66.13.

Robert Half (NYSE:RHI) last released its earnings results on Wednesday, January 29th. The business services provider reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). Robert Half had a return on equity of 17.20% and a net margin of 4.34%. As a group, sell-side analysts predict that Robert Half Inc. will post 2.48 EPS for the current fiscal year.

Robert Half Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Tuesday, February 25th were given a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 4.63%. This is an increase from Robert Half’s previous quarterly dividend of $0.53. The ex-dividend date was Tuesday, February 25th. Robert Half’s dividend payout ratio is presently 96.72%.

Wall Street Analysts Forecast Growth

RHI has been the topic of a number of recent research reports. JPMorgan Chase & Co. dropped their price objective on shares of Robert Half from $69.00 to $65.00 and set a “neutral” rating on the stock in a research note on Thursday, January 30th. Truist Financial raised Robert Half from a “hold” rating to a “buy” rating and increased their target price for the company from $62.00 to $90.00 in a research report on Friday, December 13th. Barclays raised Robert Half from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $60.00 to $80.00 in a research report on Friday, January 3rd. BNP Paribas upgraded Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 target price on the stock in a research note on Monday, February 10th. Finally, StockNews.com lowered shares of Robert Half from a “buy” rating to a “hold” rating in a research report on Friday, March 21st. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $74.92.

About Robert Half

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.