American Century Companies Inc. Buys 27,489 Shares of Robert Half Inc. (NYSE:RHI)

American Century Companies Inc. boosted its position in Robert Half Inc. (NYSE:RHI) by 16.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 196,365 shares of the business services provider’s stock after buying an additional 27,489 shares during the quarter. American Century Companies Inc. owned approximately 0.19% of Robert Half worth $12,563,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in RHI. Blue Trust Inc. raised its position 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 valued at $25,000 after purchasing an additional 323 shares during the period. Fidelis Capital Partners LLC bought a new stake in shares of Robert Half during the 1st quarter valued at approximately $26,000. Versant Capital Management Inc bought a new position in shares of Robert Half in the 2nd quarter valued at $35,000. Family Firm Inc. bought a new position in Robert Half in the second quarter valued at about $45,000. Finally, Parallel Advisors LLC raised its holdings in Robert Half by 55.7% in the 4th quarter. Parallel Advisors LLC now owns 646 shares of the business services provider’s stock valued at $57,000 after buying an additional 231 shares during the last quarter. Institutional investors own 92.41% of the company’s stock.

Robert Half Stock Performance

NYSE RHI opened at $66.80 on Friday. The stock has a market cap of $7.01 billion, a P/E ratio of 20.00, a price-to-earnings-growth ratio of 5.98 and a beta of 1.23. The stock has a 50 day simple moving average of $62.89 and a two-hundred day simple moving average of $67.54. Robert Half Inc. has a fifty-two week low of $57.05 and a fifty-two week high of $88.39.

Robert Half (NYSE:RHI) last posted its quarterly earnings data 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). Robert Half had a return on equity of 20.41% and a net margin of 5.26%. The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same period in the previous year, the firm earned $1.00 EPS. The company’s revenue was down 10.2% on a year-over-year basis. Sell-side analysts predict that Robert Half Inc. will post 2.52 earnings per share for the current year.

Robert Half Dividend Announcement

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 dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date was Friday, August 23rd. Robert Half’s dividend payout ratio (DPR) is presently 63.47%.

Insider Transactions at Robert Half

In related news, Director Dirk A. Kempthorne sold 1,300 shares of the 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 sale, the director now directly owns 13,342 shares of the company’s stock, valued at approximately $841,746.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.00% of the company’s stock.

Wall Street Analyst Weigh In

RHI has been the topic of several analyst reports. JPMorgan Chase & Co. reduced their target price on 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 decreased their price objective on Robert Half from $72.00 to $62.00 and set a “hold” rating for the company in a report on Friday, July 26th. Barclays cut their price target on Robert Half from $70.00 to $60.00 and set an “underweight” rating for the company in a research note on Friday, July 26th. BMO Capital Markets lowered their target price on shares of Robert Half from $72.00 to $64.00 and set a “market perform” rating for the company in a report on Thursday, July 25th. Finally, 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. Two research 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. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $67.86.

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.