GAMMA Investing LLC Increases Holdings in Robert Half Inc. (NYSE:RHI)

GAMMA Investing LLC increased its stake in shares of Robert Half Inc. (NYSE:RHI) by 35.6% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 682 shares of the business services provider’s stock after purchasing an additional 179 shares during the period. GAMMA Investing LLC’s holdings in Robert Half were worth $46,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Fidelis Capital Partners LLC purchased a new stake in Robert Half in the 1st quarter worth approximately $26,000. Blue Trust Inc. raised its position 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 worth $25,000 after buying an additional 323 shares in the last quarter. Versant Capital Management Inc purchased a new stake in shares of Robert Half in the second quarter worth $35,000. Family Firm Inc. bought a new stake in Robert Half during the second quarter valued at $45,000. Finally, Institutional & Family Asset Management LLC purchased a new position in Robert Half during the second quarter worth about $63,000. Institutional investors own 92.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on RHI shares. StockNews.com cut shares of Robert Half from a “buy” rating to a “hold” rating in a research report on Friday, July 5th. BMO Capital Markets decreased their price target on shares of Robert Half from $72.00 to $64.00 and set a “market perform” rating on the stock in a report on Thursday, July 25th. Barclays dropped their price objective on shares of Robert Half from $70.00 to $60.00 and set an “underweight” rating for the company in a report on Friday, July 26th. JPMorgan Chase & Co. cut their target price 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. Finally, Truist Financial lowered their price target on 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 given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $67.86.

Robert Half Price Performance

RHI opened at $67.22 on Friday. Robert Half Inc. has a one year low of $57.05 and a one year high of $88.39. The business has a 50 day simple moving average of $64.22 and a two-hundred day simple moving average of $66.00. The firm has a market capitalization of $7.05 billion, a price-to-earnings ratio of 20.13 and a beta of 1.23.

Robert Half (NYSE:RHI) last announced 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 during the quarter, compared to analysts’ expectations of $1.49 billion. During the same period in the previous year, the business earned $1.00 EPS. The business’s revenue was down 10.2% compared to the same quarter last year. As a group, sell-side analysts expect that Robert Half Inc. will post 2.51 EPS for the current fiscal year.

Robert Half Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 23rd were issued a $0.53 dividend. The ex-dividend date was Friday, August 23rd. This represents a $2.12 annualized dividend and a yield of 3.15%. Robert Half’s dividend payout ratio (DPR) is presently 63.47%.

Insider Buying and Selling at Robert Half

In related news, Director Dirk A. Kempthorne sold 1,300 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $63.09, for a total value of $82,017.00. Following the sale, the director now directly owns 13,342 shares of the company’s stock, valued at $841,746.78. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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.