Bank of New York Mellon Corp lessened its holdings in Robert Half Inc. (NYSE:RHI – Free Report) by 1.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,066,692 shares of the business services provider’s stock after selling 15,209 shares during the period. Bank of New York Mellon Corp owned about 0.99% of Robert Half worth $85,943,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently bought and sold shares of the business. Resurgent Financial Advisors LLC acquired a new position in shares of Robert Half during the 4th quarter worth approximately $27,000. Salem Investment Counselors Inc. acquired a new position in Robert Half during the second quarter worth $28,000. Nelson Van Denburg & Campbell Wealth Management Group LLC purchased a new position in Robert Half during the fourth quarter valued at $28,000. Ameritas Advisory Services LLC acquired a new stake in shares of Robert Half in the first quarter valued at about $35,000. Finally, Parallel Advisors LLC increased its stake in shares of Robert Half by 115.0% during the first quarter. Parallel Advisors LLC now owns 574 shares of the business services provider’s stock worth $46,000 after purchasing an additional 307 shares in the last quarter. 89.34% of the stock is owned by institutional investors and hedge funds.
Insider Activity
In related news, Director Dirk A. Kempthorne sold 2,050 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $74.15, for a total transaction of $152,007.50. Following the sale, the director now directly owns 12,934 shares of the company’s stock, valued at approximately $959,056.10. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 2.70% of the company’s stock.
Analysts Set New Price Targets
Read Our Latest Report on Robert Half
Robert Half Stock Down 0.2 %
Shares of NYSE RHI opened at $73.96 on Friday. The business’s 50 day moving average is $75.99 and its two-hundred day moving average is $75.62. Robert Half Inc. has a 52-week low of $64.65 and a 52-week high of $89.78. The firm has a market cap of $7.92 billion, a price-to-earnings ratio of 14.67 and a beta of 1.32.
Robert Half (NYSE:RHI – Get Free Report) last issued its quarterly earnings data on Tuesday, July 25th. The business services provider reported $1.00 earnings per share for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.13). Robert Half had a net margin of 7.84% and a return on equity of 34.51%. The firm had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.69 billion. During the same period in the previous year, the firm posted $1.60 earnings per share. The company’s quarterly revenue was down 12.0% compared to the same quarter last year. Analysts anticipate that Robert Half Inc. will post 3.72 EPS for the current fiscal year.
Robert Half Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, August 24th. This represents a $1.92 annualized dividend and a dividend yield of 2.60%. Robert Half’s dividend payout ratio is presently 38.10%.
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 three segments: Contract Talent Solutions, Permanent Placement Talent Solutions, and Protiviti. 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.
Featured Articles
- Five stocks we like better than Robert Half
- ESG Stocks, What Investors Should Know
- 7 Best Bear Market ETFs to Battle a Market Decline
- What is the Nikkei 225 index?
- How to Invest in Wheat: Is it a Hedge Against Inflation?
- How to Use High Beta Stocks to Maximize Your Investing Profits
- Walmart Wins the Retail Wars: Target is Losing Ground
Want to see what other hedge funds are holding RHI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Robert Half Inc. (NYSE:RHI – Free Report).
Receive News & Ratings for Robert Half Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Robert Half and related companies with MarketBeat.com's FREE daily email newsletter.
