Brandywine Global Investment Management LLC Buys New Shares in Robert Half Inc. (NYSE:RHI)

Brandywine Global Investment Management LLC purchased a new stake in shares of Robert Half Inc. (NYSE:RHI) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 34,479 shares of the business services provider’s stock, valued at approximately $2,778,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RHI. Resurgent Financial Advisors LLC acquired a new position in Robert Half during the fourth quarter valued at approximately $27,000. Salem Investment Counselors Inc. acquired a new position in Robert Half during the second quarter valued at approximately $28,000. Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new position in Robert Half during the fourth quarter valued at approximately $28,000. EverSource Wealth Advisors LLC lifted its position in Robert Half by 964.7% during the first quarter. EverSource Wealth Advisors LLC now owns 362 shares of the business services provider’s stock valued at $29,000 after buying an additional 328 shares in the last quarter. Finally, Ameritas Advisory Services LLC acquired a new position in Robert Half during the first quarter valued at approximately $35,000. 91.63% of the stock is owned by institutional investors and hedge funds.

Robert Half Price Performance

RHI opened at $75.10 on Friday. The stock has a market capitalization of $8.04 billion, a PE ratio of 14.90 and a beta of 1.32. The firm’s fifty day moving average price is $76.25 and its 200 day moving average price is $74.26. Robert Half Inc. has a 12-month low of $64.65 and a 12-month high of $89.78.

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

Robert Half Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, August 25th were paid a dividend of $0.48 per share. The ex-dividend date of this dividend was Thursday, August 24th. This represents a $1.92 annualized dividend and a yield of 2.56%. Robert Half’s payout ratio is 38.10%.

Insider Buying and Selling at Robert Half

In other Robert Half news, EVP Robert W. Glass sold 14,751 shares of the business’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $75.15, for a total transaction of $1,108,537.65. Following the completion of the sale, the executive vice president now owns 209,927 shares in the company, valued at $15,776,014.05. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Robert Half news, Director Dirk A. Kempthorne sold 2,050 shares of the business’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $74.15, for a total transaction of $152,007.50. Following the completion of the sale, the director now owns 12,934 shares in the company, valued at $959,056.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Robert W. Glass sold 14,751 shares of the business’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $75.15, for a total transaction of $1,108,537.65. Following the sale, the executive vice president now owns 209,927 shares of the company’s stock, valued at approximately $15,776,014.05. The disclosure for this sale can be found here. 2.70% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have weighed in on RHI shares. BMO Capital Markets reduced their price target on shares of Robert Half from $84.00 to $76.00 in a research report on Thursday, July 27th. Robert W. Baird reduced their target price on shares of Robert Half from $88.00 to $82.00 in a research report on Wednesday, July 26th. William Blair reissued a “market perform” rating on shares of Robert Half in a research report on Wednesday, July 26th. Redburn Partners initiated coverage on shares of Robert Half in a research report on Tuesday, June 20th. They set a “neutral” rating and a $76.00 target price on the stock. Finally, Credit Suisse Group reduced their target price on shares of Robert Half from $63.00 to $57.00 in a research report on Wednesday, July 26th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Robert Half presently has an average rating of “Hold” and a consensus target price of $71.22.

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.