Pacer Advisors Inc. Purchases 575,879 Shares of Robert Half Inc. (NYSE:RHI)

Pacer Advisors Inc. lifted its position in shares of Robert Half Inc. (NYSE:RHI) by 54.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,628,919 shares of the business services provider’s stock after purchasing an additional 575,879 shares during the quarter. Pacer Advisors Inc. owned 1.55% of Robert Half worth $104,218,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Blue Trust Inc. grew its holdings in shares of Robert Half by 489.4% during 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 last quarter. Fidelis Capital Partners LLC purchased a new stake in Robert Half during the first quarter worth about $26,000. Versant Capital Management Inc purchased a new position in Robert Half in the second quarter valued at about $35,000. Family Firm Inc. bought a new position in shares of Robert Half during the 2nd quarter valued at approximately $45,000. Finally, Parallel Advisors LLC raised its holdings 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 currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on RHI shares. Truist Financial reduced 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. BMO Capital Markets reduced 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 report on Thursday, July 25th. BNP Paribas upgraded 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. Barclays decreased their target price on Robert Half from $70.00 to $60.00 and set an “underweight” rating on the stock in a research note on Friday, July 26th. Finally, StockNews.com cut Robert Half from a “buy” rating to a “hold” rating in a research note on Friday, July 5th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $67.86.

Insider Activity at Robert Half

In other Robert Half news, Director Dirk A. Kempthorne sold 1,300 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $63.09, for a total transaction of $82,017.00. Following the transaction, 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 can be accessed through this hyperlink. 3.00% of the stock is owned by corporate insiders.

Robert Half Stock Up 1.2 %

Shares of NYSE RHI opened at $66.80 on Friday. The company has a market cap of $7.01 billion, a price-to-earnings ratio of 20.00, a PEG ratio of 5.98 and a beta of 1.23. The firm’s fifty day moving average is $62.89 and its 200 day moving average is $67.61. Robert Half Inc. has a 52 week low of $57.05 and a 52 week high of $88.39.

Robert Half (NYSE:RHI) last announced its 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). The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.49 billion. Robert Half had a net margin of 5.26% and a return on equity of 20.41%. Robert Half’s revenue was down 10.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.00 EPS. Equities research analysts anticipate that Robert Half Inc. will post 2.52 earnings per share for the current year.

Robert Half Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 23rd were paid a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date was Friday, August 23rd. Robert Half’s payout ratio is 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.