Bokf Na Has $650,000 Stake in Robert Half Inc. (NYSE:RHI)

Bokf Na trimmed its position in shares of Robert Half Inc. (NYSE:RHI) by 2.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,153 shares of the business services provider’s stock after selling 230 shares during the period. Bokf Na’s holdings in Robert Half were worth $650,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in RHI. Mawer Investment Management Ltd. boosted its stake in shares of Robert Half by 105.4% in the 1st quarter. Mawer Investment Management Ltd. now owns 3,655,626 shares of the business services provider’s stock valued at $289,818,000 after purchasing an additional 1,875,476 shares in the last quarter. Capital World Investors boosted its stake in shares of Robert Half by 6.7% in the 4th quarter. Capital World Investors now owns 14,574,944 shares of the business services provider’s stock valued at $1,281,429,000 after purchasing an additional 917,311 shares in the last quarter. Norges Bank acquired a new stake in shares of Robert Half in the 4th quarter valued at approximately $73,311,000. Jacobs Levy Equity Management Inc. boosted its stake in shares of Robert Half by 900.6% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 834,447 shares of the business services provider’s stock valued at $66,155,000 after purchasing an additional 751,049 shares in the last quarter. Finally, Miller Howard Investments Inc. NY acquired a new stake in shares of Robert Half in the 2nd quarter valued at approximately $35,357,000. 92.41% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on RHI shares. BNP Paribas upgraded shares of Robert Half from an “underperform” rating to an “outperform” rating and set a $80.00 price target on the stock in a research note on Tuesday, June 11th. JPMorgan Chase & Co. cut their target price on shares of Robert Half from $74.00 to $70.00 and set a “neutral” rating on the stock in a research report on Thursday, July 25th. BMO Capital Markets cut their target price on shares of Robert Half from $72.00 to $64.00 and set a “market perform” rating on the stock in a research report on Thursday, July 25th. Truist Financial cut their target price on shares of Robert Half from $72.00 to $62.00 and set a “hold” rating on the stock in a research report on Friday, July 26th. Finally, StockNews.com downgraded shares of Robert Half from a “buy” rating to a “hold” rating in a research report on Friday, July 5th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $67.86.

Robert Half Stock Performance

Robert Half stock opened at $63.14 on Monday. Robert Half Inc. has a 52-week low of $57.05 and a 52-week high of $88.39. The firm has a 50 day moving average price of $62.68 and a two-hundred day moving average price of $68.08. The firm has a market cap of $6.57 billion, a price-to-earnings ratio of 18.90, a PEG ratio of 5.98 and a beta of 1.23.

Robert Half (NYSE:RHI) last released its quarterly earnings results on Wednesday, July 24th. The business services provider reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.05). The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.49 billion. Robert Half had a return on equity of 20.41% and a net margin of 5.26%. The firm’s revenue for the quarter was down 10.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.00 EPS. As a group, equities research analysts predict that Robert Half Inc. will post 2.52 EPS for the current fiscal year.

Robert Half Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 23rd were paid a $0.53 dividend. The ex-dividend date was Friday, August 23rd. This represents a $2.12 annualized dividend and a dividend yield of 3.36%. Robert Half’s dividend payout ratio is currently 63.47%.

Insider Activity

In other news, Director Dirk A. Kempthorne sold 1,300 shares of Robert Half stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $63.09, for a total value of $82,017.00. Following the completion of the sale, the director now owns 13,342 shares in the company, valued at approximately $841,746.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.00% of the stock is currently owned by company insiders.

Robert Half Company 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.