Versant Capital Management Inc Buys Shares of 540 Robert Half Inc. (NYSE:RHI)

Versant Capital Management Inc bought a new stake in Robert Half Inc. (NYSE:RHI) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 540 shares of the business services provider’s stock, valued at approximately $35,000.

Several other hedge funds have also recently bought and sold shares of RHI. International Assets Investment Management LLC increased its holdings in Robert Half by 5,342.9% in the 4th quarter. International Assets Investment Management LLC now owns 2,286 shares of the business services provider’s stock valued at $201,000 after buying an additional 2,244 shares during the period. DekaBank Deutsche Girozentrale boosted its stake in shares of Robert Half by 2.0% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 97,703 shares of the business services provider’s stock valued at $8,526,000 after purchasing an additional 1,925 shares in the last quarter. Nisa Investment Advisors LLC increased its position in Robert Half by 1.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 38,488 shares of the business services provider’s stock worth $3,384,000 after purchasing an additional 500 shares in the last quarter. Confluence Wealth Services Inc. acquired a new position in Robert Half during the 4th quarter worth approximately $223,000. Finally, Cerity Partners LLC increased its position in Robert Half by 306.5% during the 4th quarter. Cerity Partners LLC now owns 15,324 shares of the business services provider’s stock worth $1,347,000 after purchasing an additional 11,554 shares in the last quarter. 92.41% of the stock is owned by institutional investors.

Robert Half Trading Up 0.6 %

RHI traded up $0.39 during trading on Wednesday, reaching $61.74. 114,291 shares of the company’s stock were exchanged, compared to its average volume of 1,502,353. 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 $6.48 billion, a PE ratio of 18.36, a price-to-earnings-growth ratio of 5.91 and a beta of 1.25. The firm has a fifty day moving average price of $63.79 and a two-hundred day moving average price of $71.71.

Robert Half (NYSE:RHI) last posted its quarterly earnings data 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). Robert Half had a net margin of 5.26% and a return on equity of 20.41%. The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same period in the prior year, the company posted $1.00 earnings per share. The company’s revenue for the quarter was down 10.2% compared to the same quarter last year. Sell-side analysts expect that Robert Half Inc. will post 2.58 earnings per share for the current year.

Robert Half Dividend Announcement

The company 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 $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date is Friday, August 23rd. Robert Half’s dividend payout ratio is currently 63.47%.

Insider Activity

In other news, Director Dirk A. Kempthorne sold 1,300 shares of the company’s 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 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 SEC, which is available at the SEC website. Insiders own 3.00% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Barclays lowered their price objective on shares of Robert Half from $70.00 to $60.00 and set an “underweight” rating for the company in a research report on Friday, July 26th. BNP Paribas upgraded shares of Robert Half from an “underperform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research report on Tuesday, June 11th. BMO Capital Markets lowered their price objective on shares of Robert Half from $72.00 to $64.00 and set a “market perform” rating for the company in a research report on Thursday, July 25th. StockNews.com lowered shares of Robert Half from a “buy” rating to a “hold” rating in a report on Friday, July 5th. Finally, Truist Financial reduced their target price on shares of Robert Half from $72.00 to $62.00 and set a “hold” rating on the stock in a report on Friday, July 26th. Two 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 company. According to MarketBeat.com, Robert Half presently has an average rating of “Hold” and an average 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.