Robert Half Inc. $RHI Shares Purchased by Amundi

Amundi raised its holdings in Robert Half Inc. (NYSE:RHI) by 24,118.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 58,366 shares of the business services provider’s stock after purchasing an additional 58,125 shares during the quarter. Amundi owned about 0.06% of Robert Half worth $2,974,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Robert Half in the first quarter valued at $3,195,000. GAMMA Investing LLC increased its stake in Robert Half by 92.9% in the first quarter. GAMMA Investing LLC now owns 2,091 shares of the business services provider’s stock valued at $114,000 after purchasing an additional 1,007 shares during the period. Ieq Capital LLC increased its stake in Robert Half by 43.8% in the first quarter. Ieq Capital LLC now owns 327,901 shares of the business services provider’s stock valued at $17,887,000 after purchasing an additional 99,868 shares during the period. Jefferies Financial Group Inc. increased its stake in Robert Half by 119.4% in the first quarter. Jefferies Financial Group Inc. now owns 46,851 shares of the business services provider’s stock valued at $2,556,000 after purchasing an additional 25,498 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its stake in Robert Half by 4.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 76,378 shares of the business services provider’s stock valued at $4,166,000 after purchasing an additional 3,248 shares during the period. 92.41% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Robert Half from $47.00 to $45.00 and set a “neutral” rating on the stock in a research note on Thursday, July 24th. Wall Street Zen raised shares of Robert Half from a “sell” rating to a “hold” rating in a report on Sunday, August 3rd. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $45.83.

Robert Half Stock Up 4.0%

Shares of NYSE:RHI opened at $36.41 on Friday. The company has a market cap of $3.70 billion, a price-to-earnings ratio of 20.81 and a beta of 1.03. The firm’s 50-day simple moving average is $38.07 and its 200-day simple moving average is $44.56. Robert Half Inc. has a fifty-two week low of $33.18 and a fifty-two week high of $78.41.

Robert Half (NYSE:RHI) last released its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.01. The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.35 billion. Robert Half had a net margin of 3.20% and a return on equity of 13.00%. The firm’s revenue was down 7.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.66 earnings per share. On average, research analysts forecast that Robert Half Inc. will post 2.48 EPS for the current year.

Robert Half Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, August 25th will be issued a dividend of $0.59 per share. The ex-dividend date of this dividend is Monday, August 25th. This represents a $2.36 dividend on an annualized basis and a yield of 6.5%. Robert Half’s payout ratio is currently 134.86%.

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 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.