Dimensional Fund Advisors LP Purchases 231,129 Shares of Robert Half Inc. (NYSE:RHI)

Dimensional Fund Advisors LP boosted its position in shares of Robert Half Inc. (NYSE:RHI) by 17.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,542,502 shares of the business services provider’s stock after purchasing an additional 231,129 shares during the period. Dimensional Fund Advisors LP owned about 1.47% of Robert Half worth $98,687,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in RHI. Qsemble Capital Management LP bought a new position in shares of Robert Half in the first quarter valued at approximately $1,454,000. UniSuper Management Pty Ltd boosted its stake in Robert Half by 671.3% in the first quarter. UniSuper Management Pty Ltd now owns 12,341 shares of the business services provider’s stock worth $978,000 after purchasing an additional 10,741 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Robert Half by 35.1% during the fourth quarter. Franklin Resources Inc. now owns 253,968 shares of the business services provider’s stock worth $22,329,000 after purchasing an additional 66,049 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Robert Half by 10.0% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 122,356 shares of the business services provider’s stock valued at $9,700,000 after buying an additional 11,124 shares in the last quarter. Finally, iA Global Asset Management Inc. raised its holdings in shares of Robert Half by 167.3% in the first quarter. iA Global Asset Management Inc. now owns 21,414 shares of the business services provider’s stock valued at $1,698,000 after buying an additional 13,404 shares during the last quarter. 92.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on RHI. Truist Financial lowered their price objective on shares of Robert Half from $72.00 to $62.00 and set a “hold” rating for the company in a research report on Friday, July 26th. JPMorgan Chase & Co. reduced their price objective on Robert Half from $74.00 to $70.00 and set a “neutral” rating on the stock in a report on Thursday, July 25th. Barclays lowered their target price 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. BNP Paribas raised Robert Half from an “underperform” rating to an “outperform” rating and set a $80.00 price target on the stock in a research note on Tuesday, June 11th. Finally, StockNews.com lowered Robert Half from a “buy” rating to a “hold” rating in a research report on Friday, July 5th. 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 company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price 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 0.4 %

NYSE:RHI opened at $67.99 on Wednesday. Robert Half Inc. has a 1-year low of $57.05 and a 1-year high of $88.39. The firm has a market capitalization of $7.13 billion, a price-to-earnings ratio of 20.36, a PEG ratio of 5.98 and a beta of 1.23. The business’s 50-day moving average price is $63.02 and its two-hundred day moving average price is $67.27.

Robert Half (NYSE:RHI) last announced its quarterly earnings results on Wednesday, July 24th. The business services provider reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.05). The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.49 billion. Robert Half had a net margin of 5.26% and a return on equity of 20.41%. The business’s 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. 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 $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date was Friday, August 23rd. Robert Half’s dividend payout ratio is currently 63.47%.

About Robert Half

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.