Texas Permanent School Fund Corp Has $978,000 Holdings in Robert Half Inc. (NYSE:RHI)

Texas Permanent School Fund Corp trimmed its stake in Robert Half Inc. (NYSE:RHI) by 29.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,291 shares of the business services provider’s stock after selling 6,236 shares during the period. Texas Permanent School Fund Corp’s holdings in Robert Half were worth $978,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. Blue Trust Inc. increased its stake 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 buying an additional 323 shares during the period. Fidelis Capital Partners LLC bought a new stake in Robert Half in the first quarter valued at approximately $26,000. Versant Capital Management Inc acquired a new stake in Robert Half during the 2nd quarter valued at approximately $35,000. Family Firm Inc. bought a new position in Robert Half during the 2nd quarter worth approximately $45,000. Finally, Parallel Advisors LLC lifted its position in shares of Robert Half by 55.7% in the 4th quarter. Parallel Advisors LLC now owns 646 shares of the business services provider’s stock worth $57,000 after purchasing an additional 231 shares during the period. 92.41% of the stock is owned by institutional investors.

Robert Half Price Performance

Shares of Robert Half stock opened at $66.80 on Friday. The business has a 50-day simple moving average of $62.89 and a 200 day simple moving average of $67.61. Robert Half Inc. has a one year low of $57.05 and a one year high of $88.39. The firm has a market capitalization of $7.01 billion, a price-to-earnings ratio of 20.00, a PEG ratio of 5.98 and a beta of 1.23.

Robert Half (NYSE:RHI) last released 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 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 the consensus estimate of $1.49 billion. During the same quarter in the prior year, the firm earned $1.00 EPS. The company’s revenue was down 10.2% compared to the same quarter last year. On average, sell-side analysts expect that Robert Half Inc. will post 2.52 EPS for the current year.

Robert Half Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 23rd were paid a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date of this dividend was Friday, August 23rd. Robert Half’s dividend payout ratio (DPR) is 63.47%.

Wall Street Analyst Weigh In

RHI has been the subject of several recent analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of Robert Half from $74.00 to $70.00 and set a “neutral” rating for the company in a research report on Thursday, July 25th. Truist Financial lowered their price objective on Robert Half from $72.00 to $62.00 and set a “hold” rating for the company in a research report on Friday, July 26th. Barclays cut their target price on Robert Half from $70.00 to $60.00 and set an “underweight” rating on the stock in a research report on Friday, July 26th. StockNews.com downgraded Robert Half from a “buy” rating to a “hold” rating in a report on Friday, July 5th. Finally, BMO Capital Markets cut their price target on Robert Half from $72.00 to $64.00 and set a “market perform” rating on the stock in a report on Thursday, July 25th. 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 stock. Based on data from MarketBeat, Robert Half currently has a consensus rating of “Hold” and an average price target of $67.86.

Insider Activity

In related news, Director Dirk A. Kempthorne sold 1,300 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $63.09, for a total value of $82,017.00. Following the sale, the director now owns 13,342 shares in the company, valued at approximately $841,746.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 3.00% of the company’s stock.

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.