Thrivent Financial for Lutherans Buys 1,240,492 Shares of Robert Half Inc. (NYSE:RHI)

Thrivent Financial for Lutherans boosted its position in shares of Robert Half Inc. (NYSE:RHI) by 27,895.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,244,939 shares of the business services provider’s stock after acquiring an additional 1,240,492 shares during the period. Thrivent Financial for Lutherans owned approximately 1.19% of Robert Half worth $79,652,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. increased its position 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 purchasing an additional 323 shares during the period. Fidelis Capital Partners LLC bought a new stake in Robert Half in the 1st quarter valued at $26,000. Versant Capital Management Inc acquired a new position in shares of Robert Half in the 2nd quarter valued at $35,000. Family Firm Inc. acquired a new position in shares of Robert Half in the 2nd quarter valued at $45,000. Finally, Parallel Advisors LLC lifted its holdings in shares of Robert Half by 55.7% during the 4th quarter. Parallel Advisors LLC now owns 646 shares of the business services provider’s stock worth $57,000 after acquiring an additional 231 shares during the period. Institutional investors and hedge funds own 92.41% of the company’s stock.

Analyst Ratings Changes

RHI has been the topic of a number of analyst reports. Truist Financial lowered their target price on shares of Robert Half from $72.00 to $62.00 and set a “hold” rating on the stock in a research note on Friday, July 26th. 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 note on Tuesday, June 11th. Barclays cut their target price on Robert Half from $70.00 to $60.00 and set an “underweight” rating for the company in a research report on Friday, July 26th. JPMorgan Chase & Co. lowered their price target on Robert Half from $74.00 to $70.00 and set a “neutral” rating on the stock in a research report on Thursday, July 25th. Finally, BMO Capital Markets cut their price objective on Robert Half from $72.00 to $64.00 and set a “market perform” rating for the company in a report on Thursday, July 25th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $67.86.

Robert Half Price Performance

NYSE RHI opened at $66.80 on Friday. The stock’s 50 day simple moving average is $62.89 and its 200 day simple moving average is $67.54. Robert Half Inc. has a one year low of $57.05 and a one year high of $88.39. The firm has a market cap of $7.01 billion, a PE ratio of 20.00, a price-to-earnings-growth ratio of 5.98 and a beta of 1.23.

Robert Half (NYSE:RHI) last announced its 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). Robert Half had a net margin of 5.26% and a return on equity of 20.41%. The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same quarter last year, the business posted $1.00 earnings per share. The business’s quarterly revenue was down 10.2% compared to the same quarter last year. As a group, equities analysts expect that Robert Half Inc. will post 2.52 earnings per share for the current year.

Robert Half Dividend Announcement

The business also recently announced 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 is presently 63.47%.

Insider Transactions at Robert Half

In related news, Director Dirk A. Kempthorne sold 1,300 shares of the firm’s stock in a transaction that occurred 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 sale, the director now owns 13,342 shares of the company’s stock, valued at $841,746.78. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 3.00% of the stock is owned by company insiders.

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.