Public Employees Retirement System of Ohio Acquires 1,089 Shares of Robert Half Inc. (NYSE:RHI)

Public Employees Retirement System of Ohio raised its stake in shares of Robert Half Inc. (NYSE:RHI) by 2.0% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 55,685 shares of the business services provider’s stock after purchasing an additional 1,089 shares during the period. Public Employees Retirement System of Ohio’s holdings in Robert Half were worth $4,415,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of RHI. Fidelis Capital Partners LLC bought a new stake in Robert Half during the first quarter worth $26,000. Venturi Wealth Management LLC grew its stake in shares of Robert Half by 55.0% in the 4th quarter. Venturi Wealth Management LLC now owns 420 shares of the business services provider’s stock worth $37,000 after acquiring an additional 149 shares in the last quarter. GAMMA Investing LLC purchased a new stake in shares of Robert Half in the fourth quarter valued at about $46,000. Livforsakringsbolaget Skandia Omsesidigt lifted its position in shares of Robert Half by 72.2% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 620 shares of the business services provider’s stock valued at $55,000 after purchasing an additional 260 shares in the last quarter. Finally, Parallel Advisors LLC boosted its holdings in 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 last quarter. 92.41% of the stock is owned by hedge funds and other institutional investors.

Robert Half Price Performance

Shares of NYSE RHI opened at $64.19 on Thursday. The business’s fifty day moving average price is $64.17 and its 200-day moving average price is $72.33. Robert Half Inc. has a one year low of $57.05 and a one year high of $88.39. The stock has a market capitalization of $6.74 billion, a PE ratio of 19.22, a P/E/G ratio of 5.97 and a beta of 1.25.

Robert Half (NYSE:RHI) last posted its earnings results on Wednesday, July 24th. The business services provider reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.05). Robert Half had a return on equity of 20.41% and a net margin of 5.26%. The company had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter in the prior year, the company earned $1.00 EPS. The company’s revenue was down 10.2% on a year-over-year basis. As a group, equities analysts expect that Robert Half Inc. will post 2.58 EPS for the current fiscal year.

Robert Half Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 23rd will be given a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 3.30%. The ex-dividend date of this dividend is Friday, August 23rd. Robert Half’s dividend payout ratio is presently 63.47%.

Insider Activity

In other news, Director Dirk A. Kempthorne sold 2,221 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $69.66, for a total value of $154,714.86. Following the completion of the transaction, the director now directly owns 10,713 shares in the company, valued at $746,267.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 3.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on RHI. StockNews.com lowered shares of Robert Half from a “buy” rating to a “hold” rating in a research note on Friday, July 5th. Truist Financial dropped their price target on Robert Half from $72.00 to $62.00 and set a “hold” rating on the stock in a report on Friday, July 26th. BNP Paribas upgraded Robert Half from an “underperform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research note on Tuesday, June 11th. Barclays decreased their target price on Robert Half from $70.00 to $60.00 and set an “underweight” rating for the company in a research report on Friday, July 26th. Finally, Robert W. Baird reduced their price target on shares of Robert Half from $84.00 to $79.00 and set an “outperform” rating for the company in a research report on Friday, April 26th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently 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.