Robert Half Inc. (NYSE:RHI) Shares Bought by Isthmus Partners LLC

Isthmus Partners LLC increased its stake in Robert Half Inc. (NYSE:RHI) by 3.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,079 shares of the business services provider’s stock after acquiring an additional 229 shares during the period. Isthmus Partners LLC’s holdings in Robert Half were worth $453,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Blue Trust Inc. raised its stake in Robert Half by 489.4% during the second quarter. Blue Trust Inc. now owns 389 shares of the business services provider’s stock worth $25,000 after purchasing an additional 323 shares during the period. Fidelis Capital Partners LLC purchased a new position in shares of Robert Half in the 1st quarter worth $26,000. Versant Capital Management Inc acquired a new position in Robert Half in the second quarter valued at $35,000. Family Firm Inc. purchased a new stake in Robert Half during the second quarter valued at about $45,000. Finally, Parallel Advisors LLC raised its holdings in shares of Robert Half by 55.7% in the 4th quarter. Parallel Advisors LLC now owns 646 shares of the business services provider’s stock worth $57,000 after purchasing an additional 231 shares during the period. 92.41% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related 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 transaction of $82,017.00. Following the completion of the sale, the director now owns 13,342 shares of the company’s stock, valued at approximately $841,746.78. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently issued reports on RHI. BNP Paribas raised shares of Robert Half from an “underperform” rating to an “outperform” rating and set a $80.00 target price for the company in a research report on Tuesday, June 11th. BMO Capital Markets dropped their price objective on shares of 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. JPMorgan Chase & Co. reduced 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. Truist Financial lowered their price target on Robert Half from $72.00 to $62.00 and set a “hold” rating for the company in a report on Friday, July 26th. Finally, 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 note on Friday, July 26th. 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’s stock. According to data from MarketBeat, Robert Half presently has a consensus rating of “Hold” and an average price target of $67.86.

Robert Half Trading Down 1.1 %

NYSE RHI traded down $0.69 during trading hours on Friday, reaching $60.71. 840,713 shares of the company traded hands, compared to its average volume of 1,430,898. The company has a 50 day moving average of $62.81 and a two-hundred day moving average of $68.79. The stock has a market capitalization of $6.37 billion, a PE ratio of 18.18, a PEG ratio of 6.04 and a beta of 1.25. Robert Half Inc. has a 12 month low of $57.05 and a 12 month high of $88.39.

Robert Half (NYSE:RHI) last posted 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). Robert Half had a return on equity of 20.41% and a net margin of 5.26%. The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same quarter last year, the business posted $1.00 earnings per share. The firm’s revenue for the quarter was down 10.2% on a year-over-year basis. On average, equities research analysts anticipate that Robert Half Inc. will post 2.52 earnings per share for the current year.

Robert Half Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 23rd will be given a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 3.49%. The ex-dividend date is Friday, August 23rd. Robert Half’s dividend payout ratio is currently 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.