Robert Half Inc. $RHI Position Lifted by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC grew its holdings in shares of Robert Half Inc. (NYSE:RHI) by 61.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 122,992 shares of the business services provider’s stock after purchasing an additional 46,614 shares during the period. Wealth Enhancement Advisory Services LLC owned 0.12% of Robert Half worth $5,270,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of RHI. Quarry LP raised its holdings in shares of Robert Half by 540.8% during the first quarter. Quarry LP now owns 487 shares of the business services provider’s stock worth $27,000 after purchasing an additional 411 shares during the period. CX Institutional acquired a new stake in shares of Robert Half during the first quarter worth $33,000. Manchester Capital Management LLC raised its holdings in shares of Robert Half by 45.0% during the first quarter. Manchester Capital Management LLC now owns 825 shares of the business services provider’s stock worth $45,000 after purchasing an additional 256 shares during the period. Allworth Financial LP raised its holdings in shares of Robert Half by 80.4% during the first quarter. Allworth Financial LP now owns 1,458 shares of the business services provider’s stock worth $80,000 after purchasing an additional 650 shares during the period. Finally, Parallel Advisors LLC raised its holdings in shares of Robert Half by 30.2% during the second quarter. Parallel Advisors LLC now owns 2,013 shares of the business services provider’s stock worth $83,000 after purchasing an additional 467 shares during the period. 92.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on RHI. Zacks Research cut shares of Robert Half from a “hold” rating to a “strong sell” rating in a report on Monday. Wall Street Zen raised shares of Robert Half from a “sell” rating to a “hold” rating in a report on Sunday, August 3rd. Finally, 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 report on Thursday, July 24th. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $45.83.

Robert Half Trading Up 2.4%

Robert Half stock opened at $34.61 on Thursday. The stock has a market cap of $3.52 billion, a price-to-earnings ratio of 19.77 and a beta of 1.03. The company’s 50-day moving average price is $36.81 and its two-hundred day moving average price is $43.18. Robert Half Inc. has a 52 week low of $33.18 and a 52 week high of $78.41.

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

Robert Half Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, August 25th were paid a dividend of $0.59 per share. The ex-dividend date of this dividend was Monday, August 25th. This represents a $2.36 annualized dividend and a yield of 6.8%. Robert Half’s dividend payout ratio (DPR) is presently 134.86%.

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.