Greenleaf Trust Buys Shares of 2,586 Robert Half Inc. (NYSE:RHI)

Greenleaf Trust bought a new stake in Robert Half Inc. (NYSE:RHI) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 2,586 shares of the business services provider’s stock, valued at approximately $208,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RHI. Private Advisor Group LLC lifted its holdings in Robert Half by 32.1% in the 1st quarter. Private Advisor Group LLC now owns 4,727 shares of the business services provider’s stock valued at $540,000 after purchasing an additional 1,150 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Robert Half by 4.8% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,650 shares of the business services provider’s stock valued at $1,673,000 after purchasing an additional 676 shares in the last quarter. Vontobel Holding Ltd. lifted its holdings in Robert Half by 28.5% in the 1st quarter. Vontobel Holding Ltd. now owns 3,619 shares of the business services provider’s stock valued at $428,000 after purchasing an additional 802 shares in the last quarter. Blair William & Co. IL lifted its holdings in Robert Half by 11.8% in the 1st quarter. Blair William & Co. IL now owns 73,591 shares of the business services provider’s stock valued at $8,403,000 after purchasing an additional 7,769 shares in the last quarter. Finally, Aviva PLC lifted its holdings in Robert Half by 55.4% in the 1st quarter. Aviva PLC now owns 92,865 shares of the business services provider’s stock valued at $10,603,000 after purchasing an additional 33,095 shares in the last quarter. 91.63% of the stock is currently owned by hedge funds and other institutional investors.

Robert Half Stock Performance

RHI opened at $74.67 on Tuesday. The firm has a 50 day moving average price of $76.22 and a 200 day moving average price of $74.99. The company has a market cap of $8.00 billion, a PE ratio of 14.82 and a beta of 1.32. Robert Half Inc. has a 1 year low of $64.65 and a 1 year high of $89.78.

Robert Half (NYSE:RHI) last posted its earnings results on Tuesday, July 25th. The business services provider reported $1.00 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.13). Robert Half had a return on equity of 34.51% and a net margin of 7.84%. The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same period last year, the company posted $1.60 EPS. The firm’s revenue for the quarter was down 12.0% compared to the same quarter last year. On average, sell-side analysts predict that Robert Half Inc. will post 3.72 earnings per share for the current year.

Robert Half Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 2.57%. The ex-dividend date is Thursday, August 24th. Robert Half’s dividend payout ratio (DPR) is 38.10%.

Insider Buying and Selling at Robert Half

In other Robert Half news, Director Dirk A. Kempthorne sold 2,050 shares of the stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $74.15, for a total value of $152,007.50. Following the completion of the sale, the director now owns 12,934 shares of the company’s stock, valued at $959,056.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. StockNews.com assumed coverage on shares of Robert Half in a report on Wednesday, August 23rd. They set a “hold” rating on the stock. BMO Capital Markets cut their price objective on shares of Robert Half from $84.00 to $76.00 in a report on Thursday, July 27th. William Blair reiterated a “market perform” rating on shares of Robert Half in a report on Wednesday, July 26th. Robert W. Baird cut their price objective on shares of Robert Half from $88.00 to $82.00 in a report on Wednesday, July 26th. Finally, UBS Group assumed coverage on shares of Robert Half in a report on Wednesday, May 31st. They set a “buy” rating and a $82.00 price objective on the stock. Two analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $71.22.

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 three segments: Contract Talent Solutions, Permanent Placement Talent Solutions, and Protiviti. 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.