Xponance Inc. Decreases Stock Holdings in Robert Half Inc. (NYSE:RHI)

Xponance Inc. lowered its holdings in Robert Half Inc. (NYSE:RHI) by 62.7% during the 2nd quarter, Holdings Channel reports. The firm owned 6,884 shares of the business services provider’s stock after selling 11,553 shares during the period. Xponance Inc.’s holdings in Robert Half were worth $440,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of RHI. Blue Trust Inc. boosted its holdings 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. Fidelis Capital Partners LLC bought a new stake in Robert Half in the first quarter worth about $26,000. Versant Capital Management Inc bought a new stake in Robert Half in the second quarter worth about $35,000. Family Firm Inc. purchased a new position in Robert Half in the second quarter valued at about $45,000. Finally, Parallel Advisors LLC grew its position 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 period. Institutional investors own 92.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Barclays dropped their price objective on 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 dropped their price target 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. StockNews.com lowered Robert Half from a “buy” rating to a “hold” rating in a report on Friday, July 5th. BNP Paribas raised shares of 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, JPMorgan Chase & Co. cut their target price on shares of Robert Half from $74.00 to $70.00 and set a “neutral” rating for the company 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 issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price 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 dated Thursday, August 1st. The stock was sold at an average price of $63.09, for a total value 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 is accessible through this hyperlink. 3.00% of the stock is owned by corporate insiders.

Robert Half Stock Up 0.1 %

Shares of RHI opened at $67.41 on Tuesday. Robert Half Inc. has a twelve month low of $57.05 and a twelve month high of $88.39. The stock has a market cap of $7.07 billion, a PE ratio of 20.18 and a beta of 1.23. The business’s 50-day moving average price is $63.03 and its 200-day moving average price is $66.99.

Robert Half (NYSE:RHI) last posted its earnings results on Wednesday, July 24th. The business services provider reported $0.66 earnings per share 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 firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same period last year, the company posted $1.00 EPS. The business’s revenue was down 10.2% on a year-over-year basis. Analysts expect that Robert Half Inc. will post 2.51 earnings per share for the current fiscal year.

Robert Half Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 23rd were given a $0.53 dividend. The ex-dividend date was Friday, August 23rd. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.14%. Robert Half’s dividend payout ratio (DPR) is presently 63.47%.

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.