Robert Half Inc. (NYSE:RHI – Get Free Report)’s stock price rose 3.7% during mid-day trading on Wednesday following a stronger than expected earnings report. The company traded as high as $68.38 and last traded at $68.11. Approximately 370,903 shares changed hands during trading, a decline of 74% from the average daily volume of 1,412,742 shares. The stock had previously closed at $65.70.
The business services provider reported $0.64 EPS for the quarter, topping the consensus estimate of $0.62 by $0.02. The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.44 billion. Robert Half had a return on equity of 20.41% and a net margin of 5.26%. The company’s quarterly revenue was down 6.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.90 earnings per share.
Robert Half Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 23rd were issued a $0.53 dividend. The ex-dividend date was Friday, August 23rd. This represents a $2.12 annualized dividend and a dividend yield of 3.14%. Robert Half’s dividend payout ratio is currently 63.47%.
Analyst Upgrades and Downgrades
Check Out Our Latest Research Report on Robert Half
Insider Activity at Robert Half
In other Robert Half news, Director Dirk A. Kempthorne sold 1,300 shares of the business’s stock in a transaction 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 completion of the sale, the director now directly owns 13,342 shares in the company, valued at approximately $841,746.78. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.00% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Robert Half
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Blue Trust Inc. boosted its holdings in 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 period. Fidelis Capital Partners LLC bought a new position in Robert Half in the 1st quarter worth $26,000. V Square Quantitative Management LLC bought a new position in Robert Half in the 3rd quarter worth $27,000. Versant Capital Management Inc bought a new position in Robert Half in the 2nd quarter worth $35,000. Finally, Family Firm Inc. bought a new position in Robert Half in the 2nd quarter worth $45,000. 92.41% of the stock is currently owned by hedge funds and other institutional investors.
Robert Half Stock Performance
The company has a market cap of $7.09 billion, a P/E ratio of 20.23 and a beta of 1.23. The firm’s fifty day moving average is $64.71 and its two-hundred day moving average is $65.65.
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.
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