Robert Half Inc. (NYSE:RHI) Shares Acquired by Legacy Financial Advisors Inc.

Legacy Financial Advisors Inc. increased its position in Robert Half Inc. (NYSE:RHI) by 6.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,200 shares of the business services provider’s stock after purchasing an additional 607 shares during the quarter. Legacy Financial Advisors Inc.’s holdings in Robert Half were worth $653,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Summit Trail Advisors LLC increased its holdings in Robert Half by 39.6% during the 2nd quarter. Summit Trail Advisors LLC now owns 9,223 shares of the business services provider’s stock worth $590,000 after purchasing an additional 2,617 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in Robert Half by 27,895.0% in the second quarter. Thrivent Financial for Lutherans now owns 1,244,939 shares of the business services provider’s stock valued at $79,652,000 after acquiring an additional 1,240,492 shares in the last quarter. Sei Investments Co. boosted its stake in Robert Half by 60.8% during the 2nd quarter. Sei Investments Co. now owns 76,670 shares of the business services provider’s stock valued at $4,906,000 after acquiring an additional 28,978 shares during the last quarter. Pacer Advisors Inc. grew its holdings in Robert Half by 54.7% during the 2nd quarter. Pacer Advisors Inc. now owns 1,628,919 shares of the business services provider’s stock worth $104,218,000 after acquiring an additional 575,879 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its position in shares of Robert Half by 28.3% in the 2nd quarter. Canada Pension Plan Investment Board now owns 43,625 shares of the business services provider’s stock worth $2,791,000 after purchasing an additional 9,625 shares during the last quarter. Hedge funds and other institutional investors own 92.41% of the company’s stock.

Insiders Place Their Bets

In related news, Director Dirk A. Kempthorne sold 1,300 shares of Robert Half 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 document filed with the SEC, which is available through the SEC website. 3.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

RHI has been the subject of a number of research reports. JPMorgan Chase & Co. decreased their price target on Robert Half from $74.00 to $70.00 and set a “neutral” rating for the company in a research note on Thursday, July 25th. StockNews.com downgraded Robert Half from a “buy” rating to a “hold” rating in a report on Friday, July 5th. Barclays reduced their price objective 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. BMO Capital Markets lowered their target price 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. Finally, Truist Financial reduced their price target on shares of Robert Half from $72.00 to $62.00 and set a “hold” rating on the stock in a research report on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Robert Half presently has an average rating of “Hold” and a consensus price target of $67.86.

Robert Half Stock Performance

Shares of RHI opened at $66.80 on Friday. Robert Half Inc. has a 1 year low of $57.05 and a 1 year high of $88.39. The firm has a fifty day moving average of $62.89 and a 200-day moving average of $67.54. The company has a market cap of $7.01 billion, a price-to-earnings ratio of 20.00, a price-to-earnings-growth ratio of 5.98 and a beta of 1.23.

Robert Half (NYSE:RHI) last posted its earnings results 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). The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.49 billion. Robert Half had a return on equity of 20.41% and a net margin of 5.26%. Robert Half’s revenue for the quarter was down 10.2% on a year-over-year basis. During the same quarter last year, the company posted $1.00 EPS. Analysts predict that Robert Half Inc. will post 2.52 EPS for the current year.

Robert Half Dividend Announcement

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

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.