Allworth Financial LP Buys 650 Shares of Robert Half Inc. (NYSE:RHI)

Allworth Financial LP lifted its stake in shares of Robert Half Inc. (NYSE:RHI) by 80.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,458 shares of the business services provider’s stock after purchasing an additional 650 shares during the period. Allworth Financial LP’s holdings in Robert Half were worth $80,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Mawer Investment Management Ltd. grew its holdings in shares of Robert Half by 72.6% during the 4th quarter. Mawer Investment Management Ltd. now owns 8,079,597 shares of the business services provider’s stock worth $569,288,000 after purchasing an additional 3,398,257 shares in the last quarter. Alliancebernstein L.P. boosted its position in shares of Robert Half by 0.5% during the 4th quarter. Alliancebernstein L.P. now owns 3,217,999 shares of the business services provider’s stock worth $226,740,000 after purchasing an additional 17,338 shares in the last quarter. Fiduciary Management Inc. WI grew its holdings in shares of Robert Half by 15.4% during the fourth quarter. Fiduciary Management Inc. WI now owns 2,251,541 shares of the business services provider’s stock valued at $158,644,000 after buying an additional 300,524 shares during the last quarter. Geode Capital Management LLC grew its position in Robert Half by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 2,109,561 shares of the business services provider’s stock valued at $148,677,000 after buying an additional 53,294 shares during the period. Finally, First Trust Advisors LP lifted its holdings in Robert Half by 1.9% during the fourth quarter. First Trust Advisors LP now owns 1,975,037 shares of the business services provider’s stock valued at $139,161,000 after purchasing an additional 36,150 shares during the last quarter. 92.41% of the stock is currently owned by institutional investors and hedge funds.

Robert Half Stock Up 2.2%

Robert Half stock opened at $42.07 on Friday. The company has a fifty day simple moving average of $43.78 and a 200-day simple moving average of $52.41. The firm has a market capitalization of $4.30 billion, a price-to-earnings ratio of 21.04 and a beta of 1.00. Robert Half Inc. has a 52-week low of $39.61 and a 52-week high of $78.41.

Robert Half (NYSE:RHI) last issued its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.19). The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.41 billion. Robert Half had a return on equity of 14.54% and a net margin of 3.62%. The firm’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.61 earnings per share. On average, research analysts anticipate that Robert Half Inc. will post 2.48 EPS for the current fiscal year.

Robert Half Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 23rd were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 5.61%. The ex-dividend date was Friday, May 23rd. Robert Half’s dividend payout ratio (DPR) is presently 118.00%.

Wall Street Analyst Weigh In

RHI has been the topic of several recent analyst reports. The Goldman Sachs Group lowered their price target on Robert Half from $46.00 to $40.00 and set a “sell” rating on the stock in a report on Thursday, April 24th. BNP Paribas lowered Robert Half from an “outperform” rating to a “neutral” rating and set a $45.00 price target for the company. in a research note on Friday, May 2nd. BNP Paribas Exane downgraded shares of Robert Half from an “outperform” rating to a “neutral” rating and set a $45.00 target price on the stock. in a research report on Friday, May 2nd. Wall Street Zen upgraded shares of Robert Half from a “sell” rating to a “hold” rating in a research note on Friday, June 6th. Finally, Barclays cut their price objective on Robert Half from $50.00 to $45.00 and set an “equal weight” rating for the company in a report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $48.71.

Robert Half Company 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.