Tributary Capital Management LLC Has $588,000 Position in Robert Half Inc. (NYSE:RHI)

Tributary Capital Management LLC increased its stake in Robert Half Inc. (NYSE:RHI) by 25.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 9,185 shares of the business services provider’s stock after purchasing an additional 1,861 shares during the quarter. Tributary Capital Management LLC’s holdings in Robert Half were worth $588,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Family Legacy Inc. lifted its holdings in shares of Robert Half by 2.0% during the first quarter. Family Legacy Inc. now owns 7,177 shares of the business services provider’s stock worth $569,000 after buying an additional 144 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in shares of Robert Half by 2.8% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 6,477 shares of the business services provider’s stock worth $569,000 after buying an additional 175 shares during the last quarter. WCM Investment Management LLC lifted its holdings in shares of Robert Half by 7.5% during the first quarter. WCM Investment Management LLC now owns 2,557 shares of the business services provider’s stock worth $203,000 after buying an additional 178 shares during the last quarter. Fifth Third Bancorp lifted its holdings in shares of Robert Half by 6.6% during the first quarter. Fifth Third Bancorp now owns 2,888 shares of the business services provider’s stock worth $229,000 after buying an additional 180 shares during the last quarter. Finally, Cetera Advisor Networks LLC lifted its holdings in shares of Robert Half by 0.3% during the fourth quarter. Cetera Advisor Networks LLC now owns 66,663 shares of the business services provider’s stock worth $5,861,000 after buying an additional 186 shares during the last quarter. 92.41% of the stock is currently owned by institutional investors and hedge funds.

Robert Half Price Performance

Shares of NYSE RHI traded up $2.21 during trading hours on Friday, reaching $63.81. The stock had a trading volume of 948,051 shares, compared to its average volume of 1,461,266. The business’s fifty day moving average is $63.13 and its two-hundred day moving average is $70.06. Robert Half Inc. has a twelve month low of $57.05 and a twelve month high of $88.39. The company has a market cap of $6.70 billion, a price-to-earnings ratio of 19.10, a PEG ratio of 5.91 and a beta of 1.25.

Robert Half (NYSE:RHI) last announced its quarterly earnings results on Wednesday, July 24th. The business services provider reported $0.66 earnings per share 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 company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter last year, the company earned $1.00 earnings per share. The business’s revenue was down 10.2% on a year-over-year basis. Sell-side analysts forecast that Robert Half Inc. will post 2.58 earnings per share 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. Shareholders of record on Friday, August 23rd will be given a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date of this dividend is Friday, August 23rd. Robert Half’s dividend payout ratio (DPR) is 63.47%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on RHI. Robert W. Baird cut their price target on Robert Half from $84.00 to $79.00 and set an “outperform” rating for the company in a report on Friday, April 26th. JPMorgan Chase & Co. cut their price target on Robert Half from $74.00 to $70.00 and set a “neutral” rating for the company in a report on Thursday, July 25th. Truist Financial cut their price target on Robert Half from $72.00 to $62.00 and set a “hold” rating for the company in a report on Friday, July 26th. Barclays cut their target price on Robert Half from $70.00 to $60.00 and set an “underweight” rating for the company in a research note on Friday, July 26th. 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 note on Tuesday, June 11th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $67.86.

Insider Buying and Selling at Robert Half

In other Robert Half news, Director Dirk A. Kempthorne sold 1,300 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was 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 in the company, valued at $841,746.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.00% of the company’s stock.

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.