Biechele Royce Advisors Has $14.08 Million Stock Position in Robert Half Inc. (NYSE:RHI)

Biechele Royce Advisors grew its holdings in shares of Robert Half Inc. (NYSE:RHI) by 9.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 220,019 shares of the business services provider’s stock after acquiring an additional 19,640 shares during the period. Robert Half comprises approximately 4.8% of Biechele Royce Advisors’ holdings, making the stock its 9th largest position. Biechele Royce Advisors owned about 0.21% of Robert Half worth $14,077,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Capital World Investors boosted its holdings in Robert Half by 6.7% in the 4th quarter. Capital World Investors now owns 14,574,944 shares of the business services provider’s stock worth $1,281,429,000 after buying an additional 917,311 shares during the period. Vanguard Group Inc. boosted its holdings in Robert Half by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 12,795,282 shares of the business services provider’s stock worth $1,014,410,000 after buying an additional 366,978 shares during the period. Boston Partners boosted its holdings in Robert Half by 14.7% in the 1st quarter. Boston Partners now owns 3,749,749 shares of the business services provider’s stock worth $296,963,000 after buying an additional 479,384 shares during the period. Mawer Investment Management Ltd. boosted its holdings in Robert Half by 105.4% in the 1st quarter. Mawer Investment Management Ltd. now owns 3,655,626 shares of the business services provider’s stock worth $289,818,000 after buying an additional 1,875,476 shares during the period. Finally, Fiduciary Management Inc. WI boosted its holdings in Robert Half by 3.4% in the 4th quarter. Fiduciary Management Inc. WI now owns 1,944,057 shares of the business services provider’s stock worth $170,921,000 after buying an additional 64,114 shares during the period. Institutional investors own 92.41% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other news, Director Dirk A. Kempthorne sold 1,300 shares of the stock in a transaction that occurred 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 in the company, valued at $841,746.78. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 3.00% of the company’s stock.

Robert Half Stock Down 0.3 %

Robert Half stock traded down $0.16 during midday trading on Friday, reaching $62.67. The stock had a trading volume of 1,130,205 shares, compared to its average volume of 1,444,458. The firm has a market cap of $6.58 billion, a price-to-earnings ratio of 18.76, a price-to-earnings-growth ratio of 5.91 and a beta of 1.25. The company has a fifty day moving average of $63.05 and a 200 day moving average of $69.45. Robert Half Inc. has a 52-week low of $57.05 and a 52-week high of $88.39.

Robert Half (NYSE:RHI) last issued its earnings results on Wednesday, July 24th. The business services provider reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.05). The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.49 billion. Robert Half had a return on equity of 20.41% and a net margin of 5.26%. Robert Half’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 earnings per share. Equities research analysts predict that Robert Half Inc. will post 2.58 EPS for the current year.

Robert Half Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 23rd will be paid a dividend of $0.53 per share. The ex-dividend date is Friday, August 23rd. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.38%. Robert Half’s dividend payout ratio is presently 63.47%.

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.