Blair William & Co. IL Decreases Stock Holdings in Robert Half Inc. $RHI

Blair William & Co. IL trimmed its position in shares of Robert Half Inc. (NYSE:RHI) by 10.3% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 59,920 shares of the business services provider’s stock after selling 6,875 shares during the period. Blair William & Co. IL’s holdings in Robert Half were worth $2,460,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. GAMMA Investing LLC boosted its stake in Robert Half by 92.9% in the 1st quarter. GAMMA Investing LLC now owns 2,091 shares of the business services provider’s stock worth $114,000 after purchasing an additional 1,007 shares in the last quarter. CX Institutional acquired a new stake in Robert Half in the 1st quarter worth approximately $33,000. Wealth Enhancement Advisory Services LLC boosted its stake in Robert Half by 4.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 76,378 shares of the business services provider’s stock worth $4,166,000 after purchasing an additional 3,248 shares in the last quarter. Trust Point Inc. boosted its stake in Robert Half by 8.2% in the 1st quarter. Trust Point Inc. now owns 6,488 shares of the business services provider’s stock worth $354,000 after purchasing an additional 494 shares in the last quarter. Finally, Grimes & Company Inc. boosted its stake in Robert Half by 8.1% in the 1st quarter. Grimes & Company Inc. now owns 277,775 shares of the business services provider’s stock worth $15,153,000 after purchasing an additional 20,886 shares in the last quarter. 92.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on RHI shares. JPMorgan Chase & Co. lowered their target price on shares of Robert Half from $47.00 to $45.00 and set a “neutral” rating for the company in a research note on Thursday, July 24th. Wall Street Zen raised shares of Robert Half from a “sell” rating to a “hold” rating in a research report on Sunday, August 3rd. Zacks Research lowered shares of Robert Half from a “hold” rating to a “strong sell” rating in a research report on Monday, September 22nd. Weiss Ratings reissued a “sell (d+)” rating on shares of Robert Half in a research report on Tuesday. Finally, Truist Financial reduced their price target on shares of Robert Half from $55.00 to $50.00 and set a “buy” rating for the company in a research report on Monday. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $45.00.

Robert Half Price Performance

NYSE:RHI opened at $32.61 on Wednesday. The firm has a market cap of $3.32 billion, a price-to-earnings ratio of 18.63 and a beta of 1.02. The company has a 50 day moving average price of $35.22 and a 200-day moving average price of $41.13. Robert Half Inc. has a 1-year low of $31.25 and a 1-year high of $78.41.

Robert Half (NYSE:RHI) last posted its earnings results on Wednesday, July 23rd. The business services provider reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.01. The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.35 billion. Robert Half had a net margin of 3.20% and a return on equity of 13.00%. The business’s quarterly revenue was down 7.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.66 EPS. On average, sell-side analysts anticipate that Robert Half Inc. will post 2.48 earnings per share for the current fiscal year.

Robert Half Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, August 25th were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 7.2%. The ex-dividend date of this dividend was Monday, August 25th. Robert Half’s payout ratio is 134.86%.

Robert Half Company 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.