Credit Suisse AG Sells 51,826 Shares of Robert Half Inc. (NYSE:RHI)

by · The Markets Daily

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Credit Suisse AG reduced its position in shares of Robert Half Inc. (NYSE:RHI – Free Report) by 19.3% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 216,476 shares of the business services provider’s stock after selling 51,826 shares during the quarter. Credit Suisse AG owned approximately 0.20% of Robert Half worth $16,283,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Resurgent Financial Advisors LLC bought a new stake in Robert Half during the 4th quarter valued at $27,000. Salem Investment Counselors Inc. bought a new stake in Robert Half during the 2nd quarter valued at $28,000. Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new stake in Robert Half during the 4th quarter valued at $28,000. EverSource Wealth Advisors LLC raised its holdings in Robert Half by 964.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 362 shares of the business services provider’s stock valued at $29,000 after buying an additional 328 shares during the last quarter. Finally, Dupont Capital Management Corp bought a new stake in Robert Half during the 2nd quarter valued at $44,000. 91.63% of the stock is currently owned by institutional investors.

Robert Half Stock Performance

Shares of RHI stock opened at $82.37 on Wednesday. Robert Half Inc. has a one year low of $64.65 and a one year high of $89.78. The company’s 50-day moving average is $76.96 and its 200 day moving average is $75.23. The company has a market capitalization of $8.72 billion, a price-to-earnings ratio of 18.68, a price-to-earnings-growth ratio of 17.15 and a beta of 1.26.

Robert Half (NYSE:RHI – Get Free Report) last announced its quarterly earnings data on Tuesday, October 24th. The business services provider reported $0.90 EPS for the quarter, beating the consensus estimate of $0.81 by $0.09. Robert Half had a net margin of 7.09% and a return on equity of 29.60%. The company had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same period in the prior year, the firm posted $1.53 EPS. Robert Half’s revenue for the quarter was down 14.7% on a year-over-year basis. As a group, research analysts predict that Robert Half Inc. will post 3.86 earnings per share for the current fiscal year.

Robert Half Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 2.33%. The ex-dividend date of this dividend is Wednesday, November 22nd. Robert Half’s dividend payout ratio is currently 43.54%.

Analyst Upgrades and Downgrades

RHI has been the subject of a number of recent analyst reports. UBS Group initiated coverage on shares of Robert Half in a report on Tuesday, November 7th. They set a “sell” rating and a $60.00 price target for the company. StockNews.com raised shares of Robert Half from a “hold” rating to a “buy” rating in a research report on Sunday, October 15th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $68.63.

Read Our Latest Stock Report on Robert Half

About Robert Half

(Free Report)

Robert Half Inc provides talent solutions and business consulting services in North America, South America, Europe, Asia, and Australia. The company operates through three segments: Contract Talent Solutions, Permanent Placement Talent Solutions, and Protiviti. 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.

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