Robert Half Inc. (NYSE:RHI) Shares Acquired by Toronto Dominion Bank

Toronto Dominion Bank grew its position in Robert Half Inc. (NYSE:RHI) by 0.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 60,014 shares of the business services provider’s stock after purchasing an additional 266 shares during the period. Toronto Dominion Bank’s holdings in Robert Half were worth $4,758,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Fidelis Capital Partners LLC acquired a new stake in Robert Half during the first quarter worth about $26,000. Venturi Wealth Management LLC grew its holdings in Robert Half by 55.0% during the fourth quarter. Venturi Wealth Management LLC now owns 420 shares of the business services provider’s stock worth $37,000 after acquiring an additional 149 shares during the period. GAMMA Investing LLC acquired a new stake in Robert Half during the fourth quarter worth about $46,000. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in Robert Half by 72.2% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 620 shares of the business services provider’s stock worth $55,000 after acquiring an additional 260 shares during the period. Finally, Parallel Advisors LLC grew 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 acquiring an additional 231 shares during the period. 92.41% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Dirk A. Kempthorne sold 2,221 shares of Robert Half stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $69.66, for a total transaction of $154,714.86. Following the transaction, the director now owns 10,713 shares in the company, valued at $746,267.58. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 3.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts recently commented on the company. JPMorgan Chase & Co. dropped 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. 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. Barclays lowered their price target on Robert Half from $70.00 to $60.00 and set an “underweight” rating on the stock in a research report on Friday. Robert W. Baird lowered their price target on Robert Half from $84.00 to $79.00 and set an “outperform” rating on the stock in a research report on Friday, April 26th. Finally, BMO Capital Markets lowered 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. 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 company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $67.86.

Robert Half Price Performance

NYSE RHI opened at $62.31 on Friday. The company has a market cap of $6.54 billion, a PE ratio of 18.66, a price-to-earnings-growth ratio of 5.24 and a beta of 1.25. The stock’s 50 day simple moving average is $64.40 and its 200-day simple moving average is $72.69. Robert Half Inc. has a 1-year low of $57.05 and a 1-year high of $88.39.

Robert Half (NYSE:RHI) last released its earnings results on Wednesday, July 24th. The business services provider reported $0.66 earnings per share 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 analysts’ expectations of $1.49 billion. Robert Half had a net margin of 5.26% and a return on equity of 20.41%. The business’s revenue was down 10.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.00 EPS. On average, equities research analysts anticipate that Robert Half Inc. will post 2.69 EPS for the current fiscal year.

Robert Half Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 24th were given a $0.53 dividend. The ex-dividend date was Thursday, May 23rd. This represents a $2.12 annualized dividend and a dividend yield of 3.40%. 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.