Goodman Advisory Group LLC Acquires New Holdings in Robert Half Inc. (NYSE:RHI)

Goodman Advisory Group LLC acquired a new position in shares of Robert Half Inc. (NYSE:RHI) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,258 shares of the business services provider’s stock, valued at approximately $80,000.

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

Wall Street Analyst Weigh In

Several research analysts have commented on RHI shares. BMO Capital Markets cut their target price on Robert Half from $72.00 to $64.00 and set a “market perform” rating on the stock in a report on Thursday, July 25th. JPMorgan Chase & Co. lowered their price target on shares of Robert Half from $74.00 to $70.00 and set a “neutral” rating for the company in a report on Thursday, July 25th. BNP Paribas raised shares of Robert Half from an “underperform” rating to an “outperform” rating and set a $80.00 price objective on the stock in a research note on Tuesday, June 11th. Barclays dropped their price objective on Robert Half from $70.00 to $60.00 and set an “underweight” rating on the stock in a research note on Friday, July 26th. Finally, Truist Financial lowered their target price on Robert Half from $72.00 to $62.00 and set a “hold” rating for the company in a report on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $67.86.

Robert Half Stock Down 0.0 %

Shares of RHI opened at $67.35 on Friday. Robert Half Inc. has a 12-month low of $57.05 and a 12-month high of $88.39. The stock has a market cap of $7.07 billion, a P/E ratio of 20.16 and a beta of 1.23. The business’s fifty day moving average is $63.03 and its 200 day moving average is $67.18.

Robert Half (NYSE:RHI) last posted its earnings results on Wednesday, July 24th. The business services provider reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.05). The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.49 billion. Robert Half had a return on equity of 20.41% and a net margin of 5.26%. The company’s revenue was down 10.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.00 EPS. On average, analysts expect that Robert Half Inc. will post 2.51 EPS for the current year.

Robert Half Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 23rd were issued a dividend of $0.53 per share. The ex-dividend date was Friday, August 23rd. This represents a $2.12 annualized dividend and a yield of 3.15%. Robert Half’s dividend payout ratio (DPR) is currently 63.47%.

Insider Activity at Robert Half

In other Robert Half news, Director Dirk A. Kempthorne sold 1,300 shares of Robert Half stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $63.09, for a total transaction of $82,017.00. Following the transaction, the director now directly owns 13,342 shares of the company’s stock, valued at approximately $841,746.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.00% of the stock is currently owned by insiders.

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.