American Century Companies Inc. Purchases 40,112 Shares of Robert Half Inc. (NYSE:RHI)

American Century Companies Inc. increased its position in shares of Robert Half Inc. (NYSE:RHI) by 53.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 115,356 shares of the business services provider’s stock after acquiring an additional 40,112 shares during the period. American Century Companies Inc. owned about 0.11% of Robert Half worth $9,273,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of RHI. Moneta Group Investment Advisors LLC grew its position in Robert Half by 116,277.2% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 7,941,582 shares of the business services provider’s stock worth $586,327,000 after acquiring an additional 7,934,758 shares during the last quarter. Capital World Investors bought a new stake in shares of Robert Half in the 1st quarter valued at about $636,060,000. Millennium Management LLC grew its position in shares of Robert Half by 2,249.5% in the 4th quarter. Millennium Management LLC now owns 1,597,852 shares of the business services provider’s stock valued at $117,969,000 after buying an additional 1,529,845 shares during the last quarter. Alliancebernstein L.P. grew its position in shares of Robert Half by 46.5% in the 4th quarter. Alliancebernstein L.P. now owns 2,808,208 shares of the business services provider’s stock valued at $207,330,000 after buying an additional 891,202 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Robert Half in the 4th quarter valued at about $58,586,000. Institutional investors own 91.63% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on RHI. StockNews.com began coverage on Robert Half in a research report on Wednesday, August 23rd. They issued a “hold” rating on the stock. Credit Suisse Group reduced their price target on Robert Half from $63.00 to $57.00 in a research report on Wednesday, July 26th. UBS Group assumed coverage on Robert Half in a research report on Wednesday, May 31st. They issued a “buy” rating and a $82.00 price target on the stock. Robert W. Baird dropped their price objective on Robert Half from $88.00 to $82.00 in a research note on Wednesday, July 26th. Finally, Bank of America dropped their price objective on Robert Half from $63.00 to $53.00 in a research note on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $71.22.

Robert Half Stock Performance

RHI stock opened at $74.98 on Monday. The stock’s 50 day simple moving average is $76.53 and its 200 day simple moving average is $74.73. Robert Half Inc. has a fifty-two week low of $64.65 and a fifty-two week high of $89.78. The company has a market cap of $8.03 billion, a P/E ratio of 14.88 and a beta of 1.32.

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

Robert Half Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 2.56%. The ex-dividend date of this dividend is Thursday, August 24th. Robert Half’s dividend payout ratio (DPR) is presently 38.10%.

Insider Transactions at Robert Half

In other news, Director Dirk A. Kempthorne sold 2,050 shares of the stock in a transaction that occurred on Tuesday, August 8th. The stock was 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 directly owns 12,934 shares of the company’s stock, valued at $959,056.10. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Dirk A. Kempthorne sold 2,050 shares of the stock in a transaction that occurred on Tuesday, August 8th. The stock was 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 directly owns 12,934 shares of the company’s stock, valued at $959,056.10. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Robert W. Glass sold 14,751 shares of the stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $75.15, for a total value of $1,108,537.65. Following the completion of the sale, the executive vice president now directly owns 209,927 shares of the company’s stock, valued at $15,776,014.05. The disclosure for this sale can be found here. Company insiders own 2.70% of the company’s stock.

Robert Half Profile

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.