Alpha Omega Wealth Management LLC Purchases 1,275 Shares of Robert Half Inc. (NYSE:RHI)

Alpha Omega Wealth Management LLC increased its position in Robert Half Inc. (NYSE:RHI) by 4.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,386 shares of the business services provider’s stock after buying an additional 1,275 shares during the quarter. Alpha Omega Wealth Management LLC’s holdings in Robert Half were worth $2,136,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of RHI. International Assets Investment Management LLC lifted its position in Robert Half by 5,342.9% in the 4th quarter. International Assets Investment Management LLC now owns 2,286 shares of the business services provider’s stock worth $201,000 after buying an additional 2,244 shares during the last quarter. Louisiana State Employees Retirement System bought a new stake in Robert Half in the 4th quarter worth approximately $563,000. Daiwa Securities Group Inc. lifted its position in Robert Half by 5.7% in the 4th quarter. Daiwa Securities Group Inc. now owns 9,446 shares of the business services provider’s stock worth $830,000 after buying an additional 510 shares during the last quarter. Larson Financial Group LLC lifted its position in Robert Half by 69.8% in the 4th quarter. Larson Financial Group LLC now owns 915 shares of the business services provider’s stock worth $80,000 after buying an additional 376 shares during the last quarter. Finally, GAMMA Investing LLC purchased a new position in Robert Half in the 4th quarter worth approximately $46,000. Institutional investors own 92.41% of the company’s stock.

Insiders Place Their Bets

In other Robert Half news, Director Dirk A. Kempthorne sold 1,300 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $63.09, for a total value of $82,017.00. Following the completion of 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 SEC, which is available through the SEC website. 3.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on RHI. BMO Capital Markets decreased their price target on Robert Half from $72.00 to $64.00 and set a “market perform” rating on the stock in a research note on Thursday, July 25th. StockNews.com cut Robert Half from a “buy” rating to a “hold” rating in a research note on Friday, July 5th. Barclays decreased their price target 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. BNP Paribas raised Robert Half from an “underperform” rating to an “outperform” rating and set a $80.00 price target on the stock in a research note on Tuesday, June 11th. Finally, JPMorgan Chase & Co. decreased their price target on Robert Half from $74.00 to $70.00 and set a “neutral” rating on the stock in a research note 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 given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $67.86.

Robert Half Stock Up 1.0 %

Shares of RHI traded up $0.63 during mid-day trading on Monday, hitting $64.44. 1,115,712 shares of the company’s stock traded hands, compared to its average volume of 1,459,265. Robert Half Inc. has a 1 year low of $57.05 and a 1 year high of $88.39. The firm has a market capitalization of $6.76 billion, a P/E ratio of 19.29, a PEG ratio of 5.91 and a beta of 1.25. The business’s 50-day moving average price is $63.14 and its 200-day moving average price is $69.80.

Robert Half (NYSE:RHI) last posted its quarterly earnings data 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 during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the company posted $1.00 EPS. Sell-side analysts anticipate that Robert Half Inc. will post 2.58 earnings per share for the current fiscal year.

Robert Half Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 23rd will be issued a $0.53 dividend. The ex-dividend date of this dividend is Friday, August 23rd. This represents a $2.12 dividend on an annualized basis and a yield of 3.29%. Robert Half’s dividend payout ratio (DPR) is 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.