Silver Lake Advisory LLC Has $3.55 Million Holdings in Robert Half Inc. (NYSE:RHI)

Silver Lake Advisory LLC boosted its holdings in shares of Robert Half Inc. (NYSE:RHI) by 1.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 55,427 shares of the business services provider’s stock after buying an additional 1,050 shares during the quarter. Silver Lake Advisory LLC owned about 0.05% of Robert Half worth $3,546,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of RHI. Parallel Advisors LLC increased its holdings 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 valued at $57,000 after acquiring an additional 231 shares during the last quarter. Bank of Nova Scotia raised its position in shares of Robert Half by 31.2% in the fourth quarter. Bank of Nova Scotia now owns 13,882 shares of the business services provider’s stock valued at $1,220,000 after purchasing an additional 3,299 shares during the period. Alberta Investment Management Corp acquired a new stake in shares of Robert Half in the fourth quarter worth $211,000. Biechele Royce Advisors boosted its holdings in shares of Robert Half by 3.2% during the 4th quarter. Biechele Royce Advisors now owns 199,463 shares of the business services provider’s stock worth $17,537,000 after buying an additional 6,142 shares during the period. Finally, KBC Group NV grew its stake in Robert Half by 94.4% in the 4th quarter. KBC Group NV now owns 354,727 shares of the business services provider’s stock valued at $31,188,000 after buying an additional 172,236 shares during the last quarter. 92.41% of the stock is currently owned by institutional investors.

Robert Half Stock Performance

Shares of RHI stock opened at $67.37 on Friday. Robert Half Inc. has a 12 month low of $57.05 and a 12 month high of $88.39. The company has a market capitalization of $7.07 billion, a P/E ratio of 20.17 and a beta of 1.23. The stock has a 50 day moving average of $63.03 and a two-hundred day moving average of $67.18.

Robert Half (NYSE:RHI) last issued its 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 firm had revenue of $1.47 billion during 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 period last year, the business earned $1.00 earnings per share. Sell-side analysts predict that Robert Half Inc. will post 2.51 earnings per share for the current fiscal year.

Robert Half Announces Dividend

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

Analyst Upgrades and Downgrades

RHI has been the subject of a number of recent analyst reports. Truist Financial decreased their price target 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. JPMorgan Chase & Co. lowered their target price on Robert Half from $74.00 to $70.00 and set a “neutral” rating on the stock in a report on Thursday, July 25th. Barclays cut their price target on Robert Half from $70.00 to $60.00 and set an “underweight” rating for the company in a report on Friday, July 26th. StockNews.com downgraded shares of Robert Half from a “buy” rating to a “hold” rating in a research note on Friday, July 5th. Finally, BMO Capital Markets dropped 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. Two equities 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. Based on data from MarketBeat, Robert Half presently has a consensus rating of “Hold” and a consensus target price of $67.86.

Insider Activity at Robert Half

In other Robert Half news, Director Dirk A. Kempthorne sold 1,300 shares of Robert Half stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $63.09, for a total transaction of $82,017.00. Following the sale, the director now directly owns 13,342 shares of the company’s stock, valued at $841,746.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.00% of the stock is currently owned by 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.