Sei Investments Co. Buys 28,978 Shares of Robert Half Inc. (NYSE:RHI)

Sei Investments Co. lifted its position in Robert Half Inc. (NYSE:RHI) by 60.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,670 shares of the business services provider’s stock after buying an additional 28,978 shares during the quarter. Sei Investments Co. owned about 0.07% of Robert Half worth $4,906,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Capital World Investors lifted its position in shares of Robert Half by 6.7% in the fourth quarter. Capital World Investors now owns 14,574,944 shares of the business services provider’s stock valued at $1,281,429,000 after buying an additional 917,311 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Robert Half by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 12,795,282 shares of the business services provider’s stock valued at $1,014,410,000 after purchasing an additional 366,978 shares during the last quarter. Boston Partners boosted its position in Robert Half by 14.7% during the first quarter. Boston Partners now owns 3,749,749 shares of the business services provider’s stock worth $296,963,000 after purchasing an additional 479,384 shares during the period. Mawer Investment Management Ltd. increased its holdings in shares of Robert Half by 105.4% in the first quarter. Mawer Investment Management Ltd. now owns 3,655,626 shares of the business services provider’s stock valued at $289,818,000 after purchasing an additional 1,875,476 shares during the last quarter. Finally, Fiduciary Management Inc. WI raised its position in shares of Robert Half by 3.4% in the fourth quarter. Fiduciary Management Inc. WI now owns 1,944,057 shares of the business services provider’s stock valued at $170,921,000 after purchasing an additional 64,114 shares during the period. 92.41% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Dirk A. Kempthorne sold 1,300 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $63.09, for a total transaction of $82,017.00. Following the completion of the transaction, the director now owns 13,342 shares of the company’s stock, valued at $841,746.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 3.00% of the company’s stock.

Robert Half Stock Performance

RHI opened at $66.95 on Wednesday. Robert Half Inc. has a 52-week low of $57.05 and a 52-week high of $88.39. The firm has a market cap of $7.03 billion, a P/E ratio of 20.04 and a beta of 1.23. The business’s fifty day moving average is $63.06 and its 200-day moving average is $66.91.

Robert Half (NYSE:RHI) last released its earnings results on Wednesday, July 24th. The business services provider reported $0.66 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.05). The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.49 billion. Robert Half had a net margin of 5.26% and a return on equity of 20.41%. Robert Half’s quarterly revenue was down 10.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.00 earnings per share. On average, research analysts predict that Robert Half Inc. will post 2.51 earnings per share for the current fiscal year.

Robert Half Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 23rd were paid a $0.53 dividend. The ex-dividend date was Friday, August 23rd. This represents a $2.12 annualized dividend and a dividend yield of 3.17%. Robert Half’s payout ratio is 63.47%.

Analyst Upgrades and Downgrades

RHI has been the subject of several research analyst reports. BNP Paribas raised shares of Robert Half from an “underperform” rating to an “outperform” rating and set a $80.00 target price for the company in a report on Tuesday, June 11th. StockNews.com downgraded Robert Half from a “buy” rating to a “hold” rating in a research report on Friday, July 5th. Barclays dropped their price target on Robert Half from $70.00 to $60.00 and set an “underweight” rating for the company in a report on Friday, July 26th. BMO Capital Markets decreased their price objective on Robert Half from $72.00 to $64.00 and set a “market perform” rating on the stock in a report on Thursday, July 25th. Finally, Truist Financial dropped their target price on Robert Half from $72.00 to $62.00 and set a “hold” rating for the company in a report on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $67.86.

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 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.