Robert Half Inc. $RHI Shares Bought by Parallel Advisors LLC

Parallel Advisors LLC increased its stake in Robert Half Inc. (NYSE:RHI) by 30.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,013 shares of the business services provider’s stock after purchasing an additional 467 shares during the period. Parallel Advisors LLC’s holdings in Robert Half were worth $83,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of RHI. Deutsche Bank AG boosted its stake in Robert Half by 21.3% in the 4th quarter. Deutsche Bank AG now owns 9,682 shares of the business services provider’s stock worth $682,000 after purchasing an additional 1,700 shares in the last quarter. Siemens Fonds Invest GmbH grew its stake in shares of Robert Half by 29.8% during the 4th quarter. Siemens Fonds Invest GmbH now owns 30,659 shares of the business services provider’s stock worth $2,157,000 after purchasing an additional 7,039 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in Robert Half by 11.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 73,130 shares of the business services provider’s stock valued at $5,153,000 after acquiring an additional 7,516 shares during the period. Wellington Management Group LLP grew its stake in Robert Half by 293.3% in the 4th quarter. Wellington Management Group LLP now owns 831,359 shares of the business services provider’s stock valued at $58,578,000 after acquiring an additional 619,982 shares during the period. Finally, Greenhaven Associates Inc. acquired a new stake in Robert Half in the 1st quarter valued at $207,000. 92.41% of the stock is currently owned by institutional investors and hedge funds.

Robert Half Stock Performance

RHI stock opened at $34.61 on Thursday. The company’s 50 day moving average price is $36.81 and its 200 day moving average price is $43.18. The firm has a market capitalization of $3.52 billion, a price-to-earnings ratio of 19.77 and a beta of 1.03. 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 announced its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.01. The firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.35 billion. Robert Half had a return on equity of 13.00% and a net margin of 3.20%.The firm’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.66 earnings per share. Equities analysts forecast that Robert Half Inc. will post 2.48 EPS for the current fiscal year.

Robert Half Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, August 25th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 6.8%. The ex-dividend date of this dividend was Monday, August 25th. Robert Half’s dividend payout ratio is presently 134.86%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on RHI shares. JPMorgan Chase & Co. lowered their target price 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 research report on Sunday, August 3rd. Finally, Zacks Research lowered shares of Robert Half from a “hold” rating to a “strong sell” rating in a report on Monday. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $45.83.

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.