710 Shares in Robert Half Inc. (NYSE:RHI) Bought by Family Firm Inc.

Family Firm Inc. purchased a new stake in Robert Half Inc. (NYSE:RHI) in the second quarter, HoldingsChannel reports. The fund purchased 710 shares of the business services provider’s stock, valued at approximately $45,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. International Assets Investment Management LLC boosted its position in shares of Robert Half by 5,342.9% during the 4th quarter. International Assets Investment Management LLC now owns 2,286 shares of the business services provider’s stock valued at $201,000 after acquiring an additional 2,244 shares in the last quarter. Louisiana State Employees Retirement System acquired a new stake in Robert Half during the fourth quarter valued at approximately $563,000. Daiwa Securities Group Inc. grew its stake in shares of Robert Half by 5.7% in the 4th quarter. Daiwa Securities Group Inc. now owns 9,446 shares of the business services provider’s stock valued at $830,000 after purchasing an additional 510 shares during the period. Larson Financial Group LLC grew its stake in shares of Robert Half by 69.8% in the 4th quarter. Larson Financial Group LLC now owns 915 shares of the business services provider’s stock valued at $80,000 after purchasing an additional 376 shares during the period. Finally, GAMMA Investing LLC acquired a new position in shares of Robert Half in the 4th quarter worth approximately $46,000. 92.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Dirk A. Kempthorne sold 1,300 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $63.09, for a total transaction of $82,017.00. Following the completion of the sale, the director now directly owns 13,342 shares of the company’s stock, valued at $841,746.78. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 3.00% of the company’s stock.

Robert Half Trading Up 3.6 %

Shares of Robert Half stock traded up $2.21 during midday trading on Friday, reaching $63.81. The company had a trading volume of 948,051 shares, compared to its average volume of 1,461,266. The stock has a fifty day simple moving average of $63.13 and a 200 day simple moving average of $70.06. Robert Half Inc. has a 1-year low of $57.05 and a 1-year high of $88.39. The company has a market capitalization of $6.70 billion, a price-to-earnings ratio of 19.10, a price-to-earnings-growth ratio of 5.91 and a beta of 1.25.

Robert Half (NYSE:RHI) last released its earnings results on Wednesday, July 24th. The business services provider reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.05). Robert Half had a return on equity of 20.41% and a net margin of 5.26%. The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the previous year, the firm earned $1.00 EPS. The company’s revenue was down 10.2% compared to the same quarter last year. Sell-side analysts expect that Robert Half Inc. will post 2.58 earnings per share for the current year.

Robert Half Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 23rd will be given a dividend of $0.53 per share. The ex-dividend date of this dividend is Friday, August 23rd. This represents a $2.12 dividend on an annualized basis and a yield of 3.32%. Robert Half’s payout ratio is presently 63.47%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on RHI. Truist Financial lowered their price target on Robert Half from $72.00 to $62.00 and set a “hold” rating on the stock in a research report on Friday, July 26th. BNP Paribas upgraded shares of Robert Half from an “underperform” rating to an “outperform” rating and set a $80.00 target price for the company in a research report on Tuesday, June 11th. Robert W. Baird reduced their price target on shares of Robert Half from $84.00 to $79.00 and set an “outperform” rating on the stock in a research report on Friday, April 26th. BMO Capital Markets dropped their price objective on shares of Robert Half from $72.00 to $64.00 and set a “market perform” rating for the company in a report on Thursday, July 25th. Finally, Barclays cut their target price on shares of Robert Half from $70.00 to $60.00 and set an “underweight” rating for the company in a research note on Friday, July 26th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Robert Half presently has an average rating of “Hold” and a consensus target price of $67.86.

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.