Ashton Thomas Private Wealth LLC Sells 734 Shares of Robert Half Inc. (NYSE:RHI)

Ashton Thomas Private Wealth LLC reduced its position in shares of Robert Half Inc. (NYSE:RHI) by 9.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,134 shares of the business services provider’s stock after selling 734 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in Robert Half were worth $456,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Fidelis Capital Partners LLC bought a new position in shares of Robert Half during the 1st quarter worth approximately $26,000. Blue Trust Inc. grew its position in Robert Half by 489.4% in the second quarter. Blue Trust Inc. now owns 389 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 323 shares in the last quarter. Versant Capital Management Inc acquired a new stake in Robert Half in the 2nd quarter valued at $35,000. Parallel Advisors LLC lifted its position in Robert Half by 55.7% during the 4th quarter. Parallel Advisors LLC now owns 646 shares of the business services provider’s stock worth $57,000 after buying an additional 231 shares in the last quarter. Finally, Family Firm Inc. acquired a new position in shares of Robert Half during the 2nd quarter worth about $45,000. 92.41% of the stock is currently owned by institutional investors.

Robert Half Price Performance

Shares of RHI opened at $62.13 on Thursday. The company’s 50-day moving average is $62.74 and its 200-day moving average is $68.38. The firm has a market capitalization of $6.52 billion, a PE ratio of 18.60, a PEG ratio of 5.85 and a beta of 1.23. Robert Half Inc. has a fifty-two week low of $57.05 and a fifty-two week high of $88.39.

Robert Half (NYSE:RHI) last released its quarterly earnings results on Wednesday, July 24th. The business services provider reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.05). Robert Half had a net margin of 5.26% and a return on equity of 20.41%. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same period in the prior year, the company earned $1.00 earnings per share. The firm’s revenue was down 10.2% compared to the same quarter last year. Analysts predict that Robert Half Inc. will post 2.52 earnings per share for the current fiscal year.

Robert Half Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 23rd will be paid a $0.53 dividend. The ex-dividend date of this dividend is Friday, August 23rd. This represents a $2.12 annualized dividend and a yield of 3.41%. Robert Half’s dividend payout ratio (DPR) is presently 63.47%.

Insider Buying and Selling at Robert Half

In other news, Director Dirk A. Kempthorne sold 1,300 shares of Robert Half stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $63.09, for a total transaction of $82,017.00. Following the completion of the sale, the director now owns 13,342 shares of the company’s stock, valued at $841,746.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.00% of the company’s stock.

Analysts Set New Price Targets

RHI has been the topic of a number of recent research reports. StockNews.com downgraded Robert Half from a “buy” rating to a “hold” rating in a research report on Friday, July 5th. BMO Capital Markets cut their price objective on Robert Half from $72.00 to $64.00 and set a “market perform” rating for the company in a report on Thursday, July 25th. BNP Paribas upgraded shares of Robert Half from an “underperform” rating to an “outperform” rating and set a $80.00 target price on the stock in a report on Tuesday, June 11th. Truist Financial cut their price target on shares of Robert Half from $72.00 to $62.00 and set a “hold” rating for the company in a research note on Friday, July 26th. Finally, Barclays lowered their price objective on shares of Robert Half from $70.00 to $60.00 and set an “underweight” rating on the stock in a research note on Friday, July 26th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $67.86.

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.