Sei Investments Co. Has $4.91 Million Stock Holdings in Robert Half Inc. (NYSE:RHI)

Sei Investments Co. lifted its stake in shares of Robert Half Inc. (NYSE:RHI) by 60.8% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 76,670 shares of the business services provider’s stock after buying an additional 28,978 shares during the period. Sei Investments Co.’s holdings in Robert Half were worth $4,906,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of RHI. Parallel Advisors LLC increased its position in Robert Half by 55.7% in the fourth quarter. Parallel Advisors LLC now owns 646 shares of the business services provider’s stock worth $57,000 after buying an additional 231 shares during the last quarter. Bank of Nova Scotia boosted its holdings in shares of Robert Half by 31.2% in the fourth quarter. Bank of Nova Scotia now owns 13,882 shares of the business services provider’s stock worth $1,220,000 after acquiring an additional 3,299 shares during the period. Alberta Investment Management Corp purchased a new stake in Robert Half during the 4th quarter worth about $211,000. Eisler Capital UK Ltd. bought a new position in Robert Half in the 4th quarter worth about $581,000. Finally, Capital Research Global Investors grew its holdings in Robert Half by 0.5% during the 4th quarter. Capital Research Global Investors now owns 163,251 shares of the business services provider’s stock valued at $14,353,000 after buying an additional 883 shares in the last quarter. 92.41% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on RHI shares. JPMorgan Chase & Co. cut their price objective on shares of Robert Half from $74.00 to $70.00 and set a “neutral” rating for the company in a research report on Thursday, July 25th. BMO Capital Markets cut their price target on shares of Robert Half from $72.00 to $64.00 and set a “market perform” rating for the company in a report on Thursday, July 25th. Barclays decreased their price target on shares of Robert Half from $70.00 to $60.00 and set an “underweight” rating on the stock in a report on Friday, July 26th. StockNews.com lowered Robert Half from a “buy” rating to a “hold” rating in a research note on Friday, July 5th. Finally, BNP Paribas upgraded Robert Half from an “underperform” rating to an “outperform” rating and set a $80.00 target price for the company in a research report on Tuesday, June 11th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $67.86.

Robert Half Stock Down 0.7 %

Shares of RHI opened at $66.95 on Wednesday. The stock has a market capitalization of $7.03 billion, a P/E ratio of 20.04 and a beta of 1.23. Robert Half Inc. has a twelve month low of $57.05 and a twelve month high of $88.39. The firm has a fifty day simple moving average of $63.06 and a two-hundred day simple moving average of $66.91.

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

Robert Half Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 23rd were paid a dividend of $0.53 per share. The ex-dividend date was Friday, August 23rd. This represents a $2.12 annualized dividend and a dividend yield of 3.17%. Robert Half’s dividend payout ratio (DPR) is presently 63.47%.

Insider Activity at Robert Half

In related 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 value of $82,017.00. Following the sale, the director now owns 13,342 shares in the company, valued at $841,746.78. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.00% of the stock is owned by corporate insiders.

About Robert Half

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.