KLP Kapitalforvaltning AS Acquires 1,800 Shares of Robert Half Inc. $RHI

KLP Kapitalforvaltning AS grew its holdings in shares of Robert Half Inc. (NYSE:RHI) by 7.0% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 27,600 shares of the business services provider’s stock after buying an additional 1,800 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Robert Half were worth $1,133,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Robert Half in the first quarter worth approximately $3,195,000. GAMMA Investing LLC grew 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 worth $114,000 after purchasing an additional 1,007 shares in the last quarter. Ieq Capital LLC grew 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 worth $17,887,000 after purchasing an additional 99,868 shares in the last quarter. Jefferies Financial Group Inc. grew 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 worth $2,556,000 after purchasing an additional 25,498 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew 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 worth $4,166,000 after purchasing an additional 3,248 shares in the last quarter. Institutional investors own 92.41% of the company’s stock.

Robert Half Trading Up 1.7%

Shares of RHI opened at $32.61 on Wednesday. Robert Half Inc. has a 12 month low of $31.25 and a 12 month high of $78.41. The stock has a fifty day moving average price of $35.22 and a 200-day moving average price of $41.13. The firm has a market cap of $3.32 billion, a PE ratio of 18.63 and a beta of 1.02.

Robert Half (NYSE:RHI) last issued its quarterly earnings data 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. Robert Half had a return on equity of 13.00% and a net margin of 3.20%.The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same quarter in the prior year, the business posted $0.66 EPS. The business’s revenue for the quarter was down 7.0% compared to the same quarter last year. As a group, research analysts forecast that Robert Half Inc. will post 2.48 EPS for the current year.

Robert Half Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, August 25th were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 7.2%. The ex-dividend date was Monday, August 25th. Robert Half’s dividend payout ratio is currently 134.86%.

Wall Street Analyst Weigh In

RHI has been the topic of several research analyst reports. Truist Financial dropped their price objective on Robert Half from $55.00 to $50.00 and set a “buy” rating on the stock in a research note on Monday. JPMorgan Chase & Co. dropped their price objective on Robert Half from $47.00 to $45.00 and set a “neutral” rating on the stock in a research note on Thursday, July 24th. Weiss Ratings reissued a “sell (d+)” rating on shares of Robert Half in a research note on Tuesday. Wall Street Zen upgraded Robert Half from a “sell” rating to a “hold” rating in a report on Sunday, August 3rd. Finally, Zacks Research lowered Robert Half from a “hold” rating to a “strong sell” rating in a report on Monday, September 22nd. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Robert Half currently has an average rating of “Reduce” and a consensus target price of $45.00.

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.