Diversified Trust Co Acquires New Holdings in Robert Half Inc. (NYSE:RHI)

Diversified Trust Co bought a new position in shares of Robert Half Inc. (NYSE:RHI) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 19,560 shares of the business services provider’s stock, valued at approximately $1,319,000.

Other hedge funds also recently bought and sold shares of the company. Blue Trust Inc. boosted its holdings in shares of Robert Half by 489.4% in the 2nd quarter. Blue Trust Inc. now owns 389 shares of the business services provider’s stock valued at $25,000 after buying an additional 323 shares in the last quarter. Fidelis Capital Partners LLC acquired a new stake in Robert Half in the first quarter valued at approximately $26,000. Versant Capital Management Inc purchased a new position in Robert Half in the second quarter worth $35,000. Family Firm Inc. acquired a new position in shares of Robert Half during the second quarter worth $45,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Robert Half by 35.6% during the 3rd quarter. GAMMA Investing LLC now owns 682 shares of the business services provider’s stock valued at $46,000 after purchasing an additional 179 shares during the last quarter. Hedge funds and other institutional investors own 92.41% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. JPMorgan Chase & Co. dropped their target price on Robert Half from $74.00 to $70.00 and set a “neutral” rating on the stock in a research note on Thursday, July 25th. StockNews.com lowered Robert Half from a “buy” rating to a “hold” rating in a research note on Friday, July 5th. BMO Capital Markets decreased their price objective on shares of 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. Barclays dropped their target price on shares of Robert Half from $70.00 to $60.00 and set an “underweight” rating on the stock in a research report on Friday, July 26th. Finally, BNP Paribas raised shares of Robert Half from an “underperform” rating to an “outperform” rating and set a $80.00 price target for the company 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 issued a buy rating to the company’s stock. Based on data from MarketBeat, Robert Half has a consensus rating of “Hold” and an average price target of $67.86.

Insider Transactions at Robert Half

In related news, Director Dirk A. Kempthorne sold 1,300 shares of the business’s stock in a transaction 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 transaction, the director now directly owns 13,342 shares in the company, valued at $841,746.78. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 3.00% of the company’s stock.

Robert Half Price Performance

NYSE RHI opened at $66.79 on Wednesday. Robert Half Inc. has a 1 year low of $57.05 and a 1 year high of $88.39. The company has a market capitalization of $7.01 billion, a PE ratio of 20.00 and a beta of 1.23. The company has a fifty day moving average of $63.48 and a 200 day moving average of $66.37.

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 the consensus estimate of $0.71 by ($0.05). The company 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 quarterly revenue was down 10.2% compared to the same quarter last year. During the same period last year, the firm earned $1.00 EPS. Research analysts expect that Robert Half Inc. will post 2.51 earnings per share for the current year.

Robert Half Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 23rd were given a $0.53 dividend. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $2.12 annualized dividend and a yield of 3.17%. Robert Half’s dividend payout ratio is presently 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.