Louisiana State Employees Retirement System Sells 400 Shares of Robert Half Inc. $RHI

Louisiana State Employees Retirement System trimmed its stake in Robert Half Inc. (NYSE:RHI) by 0.8% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 46,900 shares of the business services provider’s stock after selling 400 shares during the period. Louisiana State Employees Retirement System’s holdings in Robert Half were worth $1,925,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Quarry LP raised its stake in shares of Robert Half by 540.8% in the 1st quarter. Quarry LP now owns 487 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 411 shares in the last quarter. CX Institutional bought a new position in shares of Robert Half in the 1st quarter valued at approximately $33,000. Manchester Capital Management LLC raised its stake in shares of Robert Half by 45.0% in the 1st quarter. Manchester Capital Management LLC now owns 825 shares of the business services provider’s stock valued at $45,000 after acquiring an additional 256 shares in the last quarter. Allworth Financial LP raised its stake in shares of Robert Half by 80.4% in the 1st quarter. Allworth Financial LP now owns 1,458 shares of the business services provider’s stock valued at $80,000 after acquiring an additional 650 shares in the last quarter. Finally, Signaturefd LLC raised its stake in shares of Robert Half by 286.5% in the 1st quarter. Signaturefd LLC now owns 1,685 shares of the business services provider’s stock valued at $92,000 after acquiring an additional 1,249 shares in the last quarter. 92.41% of the stock is owned by institutional investors.

Analyst Ratings Changes

RHI has been the topic of several recent analyst reports. Zacks Research downgraded Robert Half from a “hold” rating to a “strong sell” rating in a research report on Monday, September 22nd. Wall Street Zen raised Robert Half from a “sell” rating to a “hold” rating in a research report on Sunday, August 3rd. JPMorgan Chase & Co. dropped their price target on Robert Half from $47.00 to $45.00 and set a “neutral” rating on the stock in a research report on Thursday, July 24th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Robert Half in a research report on Saturday, September 27th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Robert Half presently has a consensus rating of “Reduce” and an average target price of $45.83.

Robert Half Price Performance

Shares of NYSE:RHI opened at $31.36 on Friday. The business’s fifty day moving average price is $35.34 and its two-hundred day moving average price is $41.44. Robert Half Inc. has a fifty-two week low of $31.32 and a fifty-two week high of $78.41. The stock has a market capitalization of $3.19 billion, a price-to-earnings ratio of 17.92 and a beta of 1.02.

Robert Half (NYSE:RHI) last issued its earnings results on Wednesday, July 23rd. The business services provider reported $0.41 EPS for the quarter, beating the consensus estimate of $0.40 by $0.01. The company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.35 billion. Robert Half had a net margin of 3.20% and a return on equity of 13.00%. The firm’s revenue for the quarter was down 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.66 EPS. Research analysts expect that Robert Half Inc. will post 2.48 EPS for the current fiscal year.

Robert Half Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, August 25th were given a dividend of $0.59 per share. The ex-dividend date was Monday, August 25th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 7.5%. Robert Half’s dividend payout ratio (DPR) is 134.86%.

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.