Gladius Capital Management LP Sells 911 Shares of Robert Half Inc. (NYSE:RHI)

Gladius Capital Management LP reduced its holdings in shares of Robert Half Inc. (NYSE:RHI) by 19.2% during the second quarter, Holdings Channel reports. The fund owned 3,840 shares of the business services provider’s stock after selling 911 shares during the period. Gladius Capital Management LP’s holdings in Robert Half were worth $246,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of RHI. International Assets Investment Management LLC grew its position in Robert Half by 5,342.9% during the fourth quarter. International Assets Investment Management LLC now owns 2,286 shares of the business services provider’s stock valued at $201,000 after acquiring an additional 2,244 shares during the last quarter. Cerity Partners LLC grew its position in Robert Half by 306.5% during the fourth quarter. Cerity Partners LLC now owns 15,324 shares of the business services provider’s stock valued at $1,347,000 after acquiring an additional 11,554 shares during the last quarter. Louisiana State Employees Retirement System purchased a new stake in shares of Robert Half during the fourth quarter valued at approximately $563,000. Mackenzie Financial Corp boosted its stake in shares of Robert Half by 34.0% during the fourth quarter. Mackenzie Financial Corp now owns 53,265 shares of the business services provider’s stock valued at $4,683,000 after purchasing an additional 13,503 shares during the period. Finally, Desjardins Global Asset Management Inc. boosted its stake in shares of Robert Half by 65.6% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 5,237 shares of the business services provider’s stock valued at $460,000 after purchasing an additional 2,074 shares during the period. 92.41% of the stock is currently owned by institutional investors.

Robert Half Stock Performance

RHI stock traded up $0.07 on Friday, reaching $61.31. The company’s stock had a trading volume of 663,240 shares, compared to its average volume of 1,484,890. The business has a fifty day simple moving average of $63.30 and a two-hundred day simple moving average of $70.68. Robert Half Inc. has a 12-month low of $57.05 and a 12-month high of $88.39. The firm has a market cap of $6.43 billion, a PE ratio of 18.36, 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 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.05). Robert Half had a return on equity of 20.41% and a net margin of 5.26%. The business had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same period in the previous year, the business earned $1.00 EPS. The business’s revenue was down 10.2% compared to the same quarter last year. As a group, research analysts anticipate that Robert Half Inc. will post 2.58 earnings per share for the current fiscal year.

Robert Half Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 23rd will be issued a $0.53 dividend. The ex-dividend date of this dividend is Friday, August 23rd. This represents a $2.12 dividend on an annualized basis and a yield of 3.46%. Robert Half’s dividend payout ratio (DPR) is 63.47%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. BNP Paribas raised 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. BMO Capital Markets dropped their price objective on Robert Half from $72.00 to $64.00 and set a “market perform” rating for the company in a research note on Thursday, July 25th. Truist Financial dropped their price objective on Robert Half from $72.00 to $62.00 and set a “hold” rating for the company in a research note on Friday, July 26th. Robert W. Baird dropped their price objective on Robert Half from $84.00 to $79.00 and set an “outperform” rating for the company in a research note on Friday, April 26th. Finally, Barclays dropped their price objective 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. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $67.86.

Insiders Place Their Bets

In other Robert Half news, Director Dirk A. Kempthorne sold 1,300 shares of the 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 completion of the transaction, the director now owns 13,342 shares in the company, valued at $841,746.78. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 3.00% of the stock is owned by corporate insiders.

Robert Half Company 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.