Robert Half Inc. (NYSE:RHI) Position Boosted by Amalgamated Bank

Amalgamated Bank raised its holdings in shares of Robert Half Inc. (NYSE:RHI) by 26.9% during the 2nd quarter, Holdings Channel reports. The fund owned 45,945 shares of the business services provider’s stock after purchasing an additional 9,730 shares during the period. Amalgamated Bank’s holdings in Robert Half were worth $2,940,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in RHI. Blue Trust Inc. increased its holdings in shares of Robert Half by 489.4% during the second quarter. Blue Trust Inc. now owns 389 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 323 shares during the period. Fidelis Capital Partners LLC acquired a new stake in shares of Robert Half in the 1st quarter worth approximately $26,000. Versant Capital Management Inc acquired a new stake in shares of Robert Half in the 2nd quarter worth approximately $35,000. Family Firm Inc. acquired a new position in shares of Robert Half during the second quarter valued at approximately $45,000. Finally, Parallel Advisors LLC raised its holdings in Robert Half by 55.7% during the fourth quarter. Parallel Advisors LLC now owns 646 shares of the business services provider’s stock worth $57,000 after purchasing an additional 231 shares in the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Truist Financial lowered their price target on Robert Half from $72.00 to $62.00 and set a “hold” rating on the stock in a research report on Friday, July 26th. BMO Capital Markets dropped their price target 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. StockNews.com lowered shares of Robert Half from a “buy” rating to a “hold” rating in a research report on Friday, July 5th. JPMorgan Chase & Co. dropped their target price on shares of Robert Half from $74.00 to $70.00 and set a “neutral” rating on the stock in a report on Thursday, July 25th. Finally, BNP Paribas upgraded shares of Robert Half from an “underperform” rating to an “outperform” rating and set a $80.00 target price for the company in a report on Tuesday, June 11th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Robert Half presently has an average rating of “Hold” and a consensus price target of $67.86.

Robert Half Trading Up 2.2 %

NYSE RHI opened at $68.29 on Tuesday. Robert Half Inc. has a 1 year low of $57.05 and a 1 year high of $88.39. The company has a market cap of $7.17 billion, a PE ratio of 20.44, a PEG ratio of 5.98 and a beta of 1.23. The stock’s 50-day moving average price is $62.98 and its two-hundred day moving average price is $67.37.

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

Robert Half Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 3.10%. Robert Half’s payout ratio is currently 63.47%.

Insider Transactions at Robert Half

In related news, Director Dirk A. Kempthorne sold 1,300 shares of the company’s stock in a transaction 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 transaction, the director now directly owns 13,342 shares of the company’s stock, valued at $841,746.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 3.00% of the stock is currently owned by insiders.

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.