Robert Half Inc. (NYSE:RHI) Shares Sold by Hutchinson Capital Management CA

Hutchinson Capital Management CA lowered its position in Robert Half Inc. (NYSE:RHI) by 1.6% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 183,714 shares of the business services provider’s stock after selling 2,967 shares during the period. Robert Half accounts for approximately 2.4% of Hutchinson Capital Management CA’s portfolio, making the stock its 18th biggest holding. Hutchinson Capital Management CA’s holdings in Robert Half were worth $11,754,000 at the end of the most recent quarter.

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

Robert Half Stock Performance

Robert Half stock opened at $61.75 on Tuesday. The company has a market capitalization of $6.43 billion, a PE ratio of 18.49, a price-to-earnings-growth ratio of 5.85 and a beta of 1.23. Robert Half Inc. has a fifty-two week low of $57.05 and a fifty-two week high of $88.39. The firm has a 50 day moving average price of $62.77 and a 200 day moving average price of $68.50.

Robert Half (NYSE:RHI) last released its quarterly earnings results on Wednesday, July 24th. The business services provider reported $0.66 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.05). The firm had revenue of $1.47 billion for 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%. The company’s quarterly revenue was down 10.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.00 earnings per share. As a group, equities research analysts forecast that Robert Half Inc. will post 2.52 earnings per share for the current year.

Robert Half Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 23rd will be paid a dividend of $0.53 per share. The ex-dividend date is Friday, August 23rd. This represents a $2.12 dividend on an annualized basis and a yield of 3.43%. Robert Half’s dividend payout ratio (DPR) is presently 63.47%.

Insiders Place Their Bets

In related news, Director Dirk A. Kempthorne sold 1,300 shares of Robert Half stock in a transaction that occurred on Thursday, August 1st. The shares were 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.00% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. StockNews.com lowered Robert Half from a “buy” rating to a “hold” rating in a research note on Friday, July 5th. JPMorgan Chase & Co. dropped their price target on shares of Robert Half from $74.00 to $70.00 and set a “neutral” rating for the company in a research note on Thursday, July 25th. BNP Paribas raised shares of 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. Truist Financial lowered their price objective on Robert Half from $72.00 to $62.00 and set a “hold” rating for the company in a research report on Friday, July 26th. Finally, BMO Capital Markets cut their target price on Robert Half from $72.00 to $64.00 and set a “market perform” rating for the company in a research note on Thursday, July 25th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $67.86.

Robert Half 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.