Lighthouse Investment Partners LLC Reduces Stake in Robert Half Inc. (NYSE:RHI)

Lighthouse Investment Partners LLC reduced its stake in shares of Robert Half Inc. (NYSE:RHI) by 14.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 42,157 shares of the business services provider’s stock after selling 6,878 shares during the quarter. Lighthouse Investment Partners LLC’s holdings in Robert Half were worth $2,697,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. WCM Investment Management LLC increased its position in shares of Robert Half by 7.5% during the 1st quarter. WCM Investment Management LLC now owns 2,557 shares of the business services provider’s stock valued at $203,000 after purchasing an additional 178 shares during the last quarter. Cetera Advisor Networks LLC increased its position in Robert Half by 0.3% during the fourth 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 raised its stake in shares of Robert Half by 2.1% in the first 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 period. Isthmus Partners LLC lifted its holdings in shares of Robert Half by 3.3% in 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 last quarter. Finally, Parallel Advisors LLC boosted its stake in shares of Robert Half by 55.7% during the 4th quarter. Parallel Advisors LLC now owns 646 shares of the business services provider’s stock worth $57,000 after purchasing an additional 231 shares during the period. 92.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the stock. 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 research note on Friday, July 26th. BNP Paribas raised Robert Half from an “underperform” rating to an “outperform” rating and set a $80.00 price target for the company in a research note on Tuesday, June 11th. BMO Capital Markets cut their price objective on 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. JPMorgan Chase & Co. reduced their target price on Robert Half from $74.00 to $70.00 and set a “neutral” rating on the stock in a research note on Thursday, July 25th. Finally, StockNews.com lowered shares of Robert Half from a “buy” rating to a “hold” rating in a research note on Friday, July 5th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $67.86.

Insider Transactions at Robert Half

In other Robert Half 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 sale, the director now owns 13,342 shares of the company’s stock, valued at approximately $841,746.78. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 3.00% of the company’s stock.

Robert Half Trading Down 0.0 %

RHI opened at $67.35 on Friday. The business’s fifty day simple moving average is $63.03 and its 200-day simple moving average is $67.18. The company has a market capitalization of $7.07 billion, a price-to-earnings ratio of 20.16 and a beta of 1.23. Robert Half Inc. has a 12-month low of $57.05 and a 12-month high of $88.39.

Robert Half (NYSE:RHI) last posted its quarterly earnings results 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 business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.49 billion. Robert Half had a net margin of 5.26% and a return on equity of 20.41%. The company’s revenue for the quarter was down 10.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.00 EPS. On average, equities research analysts predict that Robert Half Inc. will post 2.51 EPS for the current year.

Robert Half Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 23rd were given a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date was Friday, August 23rd. Robert Half’s payout ratio is currently 63.47%.

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.