MQS Management LLC Purchases 1,099 Shares of Robert Half Inc. (NYSE:RHI)

MQS Management LLC raised its position in shares of Robert Half Inc. (NYSE:RHI) by 14.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,874 shares of the business services provider’s stock after buying an additional 1,099 shares during the period. MQS Management LLC’s holdings in Robert Half were worth $568,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of RHI. XTX Topco Ltd acquired a new stake in Robert Half during the 2nd quarter valued at $1,776,000. Vanguard Personalized Indexing Management LLC grew its holdings in shares of Robert Half by 15.0% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 13,157 shares of the business services provider’s stock worth $841,000 after purchasing an additional 1,715 shares during the last quarter. Amalgamated Bank increased its stake in shares of Robert Half by 26.9% in the second quarter. Amalgamated Bank now owns 45,945 shares of the business services provider’s stock valued at $2,940,000 after buying an additional 9,730 shares in the last quarter. Mutual of America Capital Management LLC raised its holdings in shares of Robert Half by 24.4% in the second quarter. Mutual of America Capital Management LLC now owns 16,990 shares of the business services provider’s stock valued at $1,087,000 after buying an additional 3,332 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in Robert Half by 136.3% during the 2nd quarter. Renaissance Technologies LLC now owns 88,400 shares of the business services provider’s stock worth $5,656,000 after buying an additional 50,995 shares in the last quarter. Institutional investors own 92.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on RHI shares. Barclays lowered their price target on shares of Robert Half from $70.00 to $60.00 and set an “underweight” rating for the company in a report on Friday, July 26th. StockNews.com downgraded Robert Half from a “buy” rating to a “hold” rating in a research report on Friday, July 5th. BNP Paribas upgraded Robert Half from an “underperform” rating to an “outperform” rating and set a $80.00 price target on the stock in a report on Tuesday, June 11th. BMO Capital Markets lowered their price objective on 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. Finally, Truist Financial cut their target price on shares of Robert Half from $72.00 to $62.00 and set a “hold” rating on the stock in a research report on Friday, July 26th. Two investment 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. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $67.86.

Insider Buying and Selling

In other Robert Half news, Director Dirk A. Kempthorne sold 1,300 shares of the business’s stock in a transaction dated 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 directly owns 13,342 shares of the company’s stock, valued at $841,746.78. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.00% of the stock is currently owned by company insiders.

Robert Half Trading Down 0.2 %

Shares of RHI opened at $63.71 on Thursday. The stock has a market cap of $6.69 billion, a P/E ratio of 19.07, a price-to-earnings-growth ratio of 5.98 and a beta of 1.23. Robert Half Inc. has a 1 year low of $57.05 and a 1 year high of $88.39. The stock’s 50-day moving average price is $62.76 and its two-hundred day moving average price is $67.73.

Robert Half (NYSE:RHI) last issued 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). Robert Half had a net margin of 5.26% and a return on equity of 20.41%. The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same quarter in the prior year, the firm posted $1.00 EPS. The firm’s revenue for the quarter was down 10.2% compared to the same quarter last year. As a group, equities analysts forecast that Robert Half Inc. will post 2.52 EPS for the current year.

Robert Half Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 23rd were given a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date was Friday, August 23rd. Robert Half’s dividend payout ratio is currently 63.47%.

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.