Bokf Na Has $650,000 Stake in Robert Half Inc. (NYSE:RHI)

Bokf Na decreased its holdings in shares of Robert Half Inc. (NYSE:RHI) by 2.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,153 shares of the business services provider’s stock after selling 230 shares during the quarter. Bokf Na’s holdings in Robert Half were worth $650,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in RHI. Mawer Investment Management Ltd. boosted its holdings in Robert Half by 105.4% during the first quarter. Mawer Investment Management Ltd. now owns 3,655,626 shares of the business services provider’s stock worth $289,818,000 after purchasing an additional 1,875,476 shares during the last quarter. Capital World Investors boosted its holdings in Robert Half by 6.7% during the fourth quarter. Capital World Investors now owns 14,574,944 shares of the business services provider’s stock worth $1,281,429,000 after purchasing an additional 917,311 shares during the last quarter. Norges Bank acquired a new stake in Robert Half in the fourth quarter valued at $73,311,000. Jacobs Levy Equity Management Inc. lifted its stake in Robert Half by 900.6% in the first quarter. Jacobs Levy Equity Management Inc. now owns 834,447 shares of the business services provider’s stock valued at $66,155,000 after acquiring an additional 751,049 shares during the last quarter. Finally, Miller Howard Investments Inc. NY acquired a new stake in Robert Half in the second quarter valued at $35,357,000. Institutional investors and hedge funds own 92.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on RHI. StockNews.com cut shares of Robert Half from a “buy” rating to a “hold” rating in a research note on Friday, July 5th. JPMorgan Chase & Co. cut their price target on shares of Robert Half from $74.00 to $70.00 and set a “neutral” rating for the company in a research note on Thursday, July 25th. BMO Capital Markets cut their price target on shares of Robert Half from $72.00 to $64.00 and set a “market perform” rating for the company in a research note on Thursday, July 25th. BNP Paribas raised shares of Robert Half from an “underperform” rating to an “outperform” rating and set a $80.00 price objective on the stock in a research report on Tuesday, June 11th. Finally, Barclays dropped their price objective 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. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $67.86.

Robert Half Price Performance

Shares of RHI opened at $63.14 on Monday. Robert Half Inc. has a fifty-two week low of $57.05 and a fifty-two week high of $88.39. The firm has a market capitalization of $6.57 billion, a PE ratio of 18.90, a PEG ratio of 5.98 and a beta of 1.23. The company’s 50-day moving average is $62.68 and its 200-day moving average is $68.08.

Robert Half (NYSE:RHI) last released its quarterly earnings results on Wednesday, July 24th. The business services provider reported $0.66 EPS for the quarter, missing analysts’ consensus estimates 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 prior year, the business posted $1.00 earnings per share. Robert Half’s revenue was down 10.2% compared to the same quarter last year. Analysts predict that Robert Half Inc. will post 2.52 earnings per share for the current fiscal year.

Robert Half Dividend Announcement

The firm also recently declared 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 3.36%. The ex-dividend date was Friday, August 23rd. Robert Half’s dividend payout ratio is 63.47%.

Insider Buying and Selling

In other Robert Half news, Director Dirk A. Kempthorne sold 1,300 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $63.09, for a total transaction of $82,017.00. Following the sale, the director now directly owns 13,342 shares in the company, valued at $841,746.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.00% of the stock is owned by insiders.

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.