Distillate Capital Partners LLC Purchases New Position in Robert Half Inc. (NYSE:RHI)

Distillate Capital Partners LLC acquired a new stake in Robert Half Inc. (NYSE:RHI) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 205,029 shares of the business services provider’s stock, valued at approximately $13,118,000. Distillate Capital Partners LLC owned 0.20% of Robert Half at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Blue Trust Inc. raised its holdings in shares of Robert Half by 489.4% during the 2nd quarter. Blue Trust Inc. now owns 389 shares of the business services provider’s stock valued at $25,000 after buying an additional 323 shares during the period. Fidelis Capital Partners LLC acquired a new stake in shares of Robert Half during the first quarter valued at about $26,000. Versant Capital Management Inc acquired a new stake in shares of Robert Half during the second quarter worth approximately $35,000. Family Firm Inc. acquired a new stake in shares of Robert Half during the second quarter worth approximately $45,000. Finally, Parallel Advisors LLC raised its holdings in Robert Half by 55.7% in the fourth quarter. Parallel Advisors LLC now owns 646 shares of the business services provider’s stock valued at $57,000 after acquiring an additional 231 shares in the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.

Analysts Set New Price Targets

RHI has been the subject of several recent analyst reports. BNP Paribas raised shares of Robert Half from an “underperform” rating to an “outperform” rating and set a $80.00 price objective for the company in a report on Tuesday, June 11th. 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. Truist Financial lowered their price objective on 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 report on Friday, July 5th. Finally, BMO Capital Markets decreased their target price on Robert Half from $72.00 to $64.00 and set a “market perform” rating for the company in a research report on Thursday, July 25th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $67.86.

Robert Half Trading Up 2.2 %

NYSE RHI opened at $68.29 on Tuesday. The company has a 50-day moving average price of $62.98 and a two-hundred day moving average price of $67.37. Robert Half Inc. has a 52 week low of $57.05 and a 52 week high of $88.39. The stock has a market cap of $7.17 billion, a price-to-earnings ratio of 20.44, a price-to-earnings-growth ratio of 5.98 and a beta of 1.23.

Robert Half (NYSE:RHI) last issued its quarterly earnings data on Wednesday, July 24th. The business services provider reported $0.66 earnings per share (EPS) 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 business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same period last year, the company earned $1.00 earnings per share. The business’s quarterly revenue was down 10.2% compared to the same quarter last year. As a group, equities research analysts expect that Robert Half Inc. will post 2.52 earnings per share for the current fiscal year.

Robert Half Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 23rd were paid a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date of this dividend was Friday, August 23rd. Robert Half’s dividend payout ratio is currently 63.47%.

Insider Activity

In other Robert Half news, Director Dirk A. Kempthorne sold 1,300 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was 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 directly owns 13,342 shares in the company, valued at $841,746.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.00% of the company’s stock.

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.