Robert Half Inc. (NYSE:RHI) Shares Sold by Seven Eight Capital LP

Seven Eight Capital LP lessened its position in Robert Half Inc. (NYSE:RHI) by 65.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,362 shares of the business services provider’s stock after selling 10,057 shares during the period. Seven Eight Capital LP’s holdings in Robert Half were worth $343,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. WCM Investment Management LLC raised its holdings in Robert Half by 7.5% in the 1st quarter. WCM Investment Management LLC now owns 2,557 shares of the business services provider’s stock valued at $203,000 after acquiring an additional 178 shares during the last quarter. Cetera Advisor Networks LLC increased its stake in shares of Robert Half by 0.3% during the 4th quarter. Cetera Advisor Networks LLC now owns 66,663 shares of the business services provider’s stock valued at $5,861,000 after acquiring an additional 186 shares during the last quarter. BOKF NA increased its stake in shares of Robert Half by 2.1% during the 1st quarter. BOKF NA now owns 10,383 shares of the business services provider’s stock valued at $812,000 after acquiring an additional 216 shares during the last quarter. Isthmus Partners LLC lifted its holdings in shares of Robert Half by 3.3% during the 2nd quarter. Isthmus Partners LLC now owns 7,079 shares of the business services provider’s stock worth $453,000 after acquiring an additional 229 shares during the period. Finally, Parallel Advisors LLC boosted its position in shares of Robert Half by 55.7% in the fourth quarter. Parallel Advisors LLC now owns 646 shares of the business services provider’s stock worth $57,000 after acquiring an additional 231 shares during the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.

Insider Transactions at Robert Half

In related news, Director Dirk A. Kempthorne sold 1,300 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $841,746.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.00% of the company’s stock.

Robert Half Price Performance

Shares of RHI opened at $66.80 on Monday. Robert Half Inc. has a 12-month low of $57.05 and a 12-month high of $88.39. The business’s fifty day moving average price is $62.89 and its 200 day moving average price is $67.45. The stock has a market capitalization of $7.01 billion, a PE ratio of 20.00, a price-to-earnings-growth ratio of 5.98 and a beta of 1.23.

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

Robert Half Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 23rd were given a dividend of $0.53 per share. The ex-dividend date was Friday, August 23rd. This represents a $2.12 dividend on an annualized basis and a yield of 3.17%. Robert Half’s dividend payout ratio (DPR) is presently 63.47%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on RHI shares. JPMorgan Chase & Co. decreased their price target on shares of Robert Half from $74.00 to $70.00 and set a “neutral” rating on the stock in a report on Thursday, July 25th. Truist Financial reduced their target price on Robert Half from $72.00 to $62.00 and set a “hold” rating on the stock in a report on Friday, July 26th. BMO Capital Markets dropped their price target on Robert Half from $72.00 to $64.00 and set a “market perform” rating for the company in a research note on Thursday, July 25th. BNP Paribas upgraded Robert Half from an “underperform” rating to an “outperform” rating and set a $80.00 price objective on the stock in a report on Tuesday, June 11th. 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 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.com, Robert Half currently has an average rating of “Hold” and an average price target of $67.86.

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.