XTX Topco Ltd Makes New Investment in Robert Half Inc. (NYSE:RHI)

XTX Topco Ltd purchased a new stake in shares of Robert Half Inc. (NYSE:RHI) in the second quarter, according to its most recent 13F filing with the SEC. The fund purchased 27,756 shares of the business services provider’s stock, valued at approximately $1,776,000.

Other institutional investors have also recently made changes to their positions in the company. Mawer Investment Management Ltd. grew its position in Robert Half by 105.4% during the first quarter. Mawer Investment Management Ltd. now owns 3,655,626 shares of the business services provider’s stock worth $289,818,000 after buying an additional 1,875,476 shares in the last quarter. Capital World Investors grew its holdings in shares of Robert Half by 6.7% during the fourth quarter. Capital World Investors now owns 14,574,944 shares of the business services provider’s stock worth $1,281,429,000 after purchasing an additional 917,311 shares in the last quarter. Norges Bank bought a new position in shares of Robert Half in the fourth quarter worth approximately $73,311,000. Jacobs Levy Equity Management Inc. raised its stake in Robert Half by 900.6% in the first quarter. Jacobs Levy Equity Management Inc. now owns 834,447 shares of the business services provider’s stock valued at $66,155,000 after purchasing an additional 751,049 shares in the last quarter. Finally, Miller Howard Investments Inc. NY bought a new stake in Robert Half during the second quarter valued at approximately $35,357,000. Institutional investors own 92.41% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on RHI shares. JPMorgan Chase & Co. lowered their price objective on shares of Robert Half from $74.00 to $70.00 and set a “neutral” rating on the stock in a research report on Thursday, July 25th. BNP Paribas upgraded Robert Half from an “underperform” rating to an “outperform” rating and set a $80.00 price target on the stock in a research report on Tuesday, June 11th. StockNews.com lowered Robert Half from a “buy” rating to a “hold” rating in a research note on Friday, July 5th. Barclays reduced their price objective on Robert Half from $70.00 to $60.00 and set an “underweight” rating on the stock in a research report on Friday, July 26th. Finally, BMO Capital Markets dropped 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 issued a buy rating to the company’s stock. According to MarketBeat.com, Robert Half presently has a consensus rating of “Hold” and an average price target of $67.86.

Insider Buying and Selling at Robert Half

In other Robert Half news, Director Dirk A. Kempthorne sold 1,300 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $63.09, for a total value of $82,017.00. Following the transaction, the director now owns 13,342 shares in the company, valued at $841,746.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.00% of the stock is currently owned by corporate insiders.

Robert Half Trading Up 3.6 %

RHI opened at $66.00 on Friday. Robert Half Inc. has a 12 month low of $57.05 and a 12 month high of $88.39. The business’s 50-day moving average price is $62.83 and its 200-day moving average price is $67.72. The company has a market cap of $6.93 billion, a P/E ratio of 19.76, a P/E/G ratio of 5.98 and a beta of 1.23.

Robert Half (NYSE:RHI) last announced its quarterly earnings results on Wednesday, July 24th. The business services provider reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.05). The company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Robert Half had a return on equity of 20.41% and a net margin of 5.26%. Robert Half’s revenue for the quarter was down 10.2% on a year-over-year basis. During the same period last year, the firm earned $1.00 earnings per share. Equities research analysts forecast that Robert Half Inc. will post 2.52 earnings per share for the current fiscal year.

Robert Half Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 23rd were issued a dividend of $0.53 per share. 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 3.21%. Robert Half’s dividend payout ratio is currently 63.47%.

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.