Parallel Advisors LLC Raises Stock Holdings in Robert Half Inc. (NYSE:RHI)

Parallel Advisors LLC lifted its holdings in Robert Half Inc. (NYSE:RHIFree Report) by 55.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 646 shares of the business services provider’s stock after buying an additional 231 shares during the quarter. Parallel Advisors LLC’s holdings in Robert Half were worth $57,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Empirical Asset Management LLC raised its holdings in shares of Robert Half by 2.6% in the fourth quarter. Empirical Asset Management LLC now owns 5,270 shares of the business services provider’s stock worth $463,000 after buying an additional 134 shares during the period. Wahed Invest LLC raised its holdings in shares of Robert Half by 9.0% in the third quarter. Wahed Invest LLC now owns 1,637 shares of the business services provider’s stock worth $120,000 after buying an additional 135 shares during the period. Venturi Wealth Management LLC raised its holdings in shares of Robert Half by 55.0% in the fourth quarter. Venturi Wealth Management LLC now owns 420 shares of the business services provider’s stock worth $37,000 after buying an additional 149 shares during the period. Treasurer of the State of North Carolina raised its holdings in shares of Robert Half by 0.4% in the third quarter. Treasurer of the State of North Carolina now owns 48,997 shares of the business services provider’s stock worth $3,591,000 after buying an additional 175 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S increased its holdings in Robert Half by 2.8% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 6,477 shares of the business services provider’s stock worth $569,000 after purchasing an additional 175 shares during the period. 92.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on RHI. Robert W. Baird reduced their price objective on Robert Half from $84.00 to $79.00 and set an “outperform” rating on the stock in a report on Friday, April 26th. Truist Financial upgraded Robert Half from a “sell” rating to a “hold” rating and set a $72.00 price objective on the stock in a report on Monday, April 22nd. Finally, StockNews.com upgraded Robert Half from a “hold” rating to a “buy” rating in a report on Wednesday, May 29th. One investment analyst has 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, the stock currently has an average rating of “Hold” and a consensus target price of $68.14.

Read Our Latest Research Report on Robert Half

Robert Half Trading Down 0.5 %

Shares of NYSE RHI opened at $62.90 on Friday. The stock has a market capitalization of $6.60 billion, a PE ratio of 18.83, a price-to-earnings-growth ratio of 5.20 and a beta of 1.25. The stock’s fifty day simple moving average is $70.18 and its two-hundred day simple moving average is $77.81. Robert Half Inc. has a 12-month low of $62.78 and a 12-month high of $88.39.

Robert Half (NYSE:RHIGet Free Report) last posted its quarterly earnings data on Thursday, April 25th. The business services provider reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.01. Robert Half had a return on equity of 22.36% and a net margin of 5.74%. The firm had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter last year, the firm earned $1.14 EPS. The business’s quarterly revenue was down 14.0% on a year-over-year basis. On average, equities analysts predict that Robert Half Inc. will post 2.92 earnings per share for the current fiscal year.

Robert Half Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 24th will be paid a dividend of $0.53 per share. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $2.12 annualized dividend and a yield of 3.37%. Robert Half’s dividend payout ratio (DPR) is 63.47%.

Insider Buying and Selling

In related news, Director Dirk A. Kempthorne sold 2,221 shares of the business’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $69.66, for a total transaction of $154,714.86. Following the transaction, the director now directly owns 10,713 shares in the company, valued at approximately $746,267.58. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 3.00% of the stock is owned by company insiders.

Robert Half Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Robert Half (NYSE:RHI)

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