363,700 Shares in Robert Half Inc. (NYSE:RHI) Purchased by Kiltearn Partners LLP

Kiltearn Partners LLP acquired a new stake in shares of Robert Half Inc. (NYSE:RHI) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 363,700 shares of the business services provider’s stock, valued at approximately $23,270,000. Robert Half comprises approximately 2.8% of Kiltearn Partners LLP’s portfolio, making the stock its 14th largest position.

Other large investors have also bought and sold shares of the company. Fidelis Capital Partners LLC purchased a new position in Robert Half during the 1st quarter valued at about $26,000. Blue Trust Inc. grew its stake in shares of Robert Half by 489.4% in the 2nd quarter. Blue Trust Inc. now owns 389 shares of the business services provider’s stock worth $25,000 after buying an additional 323 shares during the last quarter. Versant Capital Management Inc bought a new position in Robert Half during the 2nd quarter valued at approximately $35,000. Parallel Advisors LLC raised its stake in Robert Half by 55.7% during the fourth quarter. Parallel Advisors LLC now owns 646 shares of the business services provider’s stock valued at $57,000 after buying an additional 231 shares during the last quarter. Finally, Family Firm Inc. purchased a new stake in shares of Robert Half in the second quarter worth $45,000. 92.41% of the stock is owned by institutional investors.

Robert Half Trading Up 2.2 %

RHI opened at $68.29 on Tuesday. Robert Half Inc. has a 12-month low of $57.05 and a 12-month high of $88.39. The company has a market cap of $7.17 billion, a price-to-earnings ratio of 20.44, a PEG ratio of 5.98 and a beta of 1.23. The company’s 50 day moving average is $62.98 and its 200 day moving average is $67.37.

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

Robert Half Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders 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 dividend yield of 3.10%. Robert Half’s payout ratio is currently 63.47%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on RHI. Barclays dropped their price target on shares of Robert Half from $70.00 to $60.00 and set an “underweight” rating on the stock in a research note on Friday, July 26th. BMO Capital Markets cut their price target on shares of Robert Half from $72.00 to $64.00 and set a “market perform” rating on the stock in a report on Thursday, July 25th. Truist Financial decreased their price objective on shares of Robert Half from $72.00 to $62.00 and set a “hold” rating for the company in a report on Friday, July 26th. StockNews.com downgraded Robert Half from a “buy” rating to a “hold” rating in a research note on Friday, July 5th. Finally, JPMorgan Chase & Co. decreased their price target on Robert Half from $74.00 to $70.00 and set a “neutral” rating for the company in a research note on Thursday, July 25th. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Robert Half presently has an average rating of “Hold” and a consensus price target of $67.86.

Insider Activity at Robert Half

In other Robert Half news, Director Dirk A. Kempthorne sold 1,300 shares of the firm’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 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 SEC, which is available through this hyperlink. 3.00% of the stock is currently owned by corporate insiders.

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.