Quent Capital LLC Lowers Holdings in Robert Half Inc. (NYSE:RHI)

Quent Capital LLC reduced its stake in Robert Half Inc. (NYSE:RHI) by 37.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,412 shares of the business services provider’s stock after selling 846 shares during the period. Quent Capital LLC’s holdings in Robert Half were worth $90,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Mawer Investment Management Ltd. boosted its stake 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 purchasing an additional 1,875,476 shares in the last quarter. Capital World Investors raised its holdings in Robert Half by 6.7% in the fourth 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 last quarter. Boston Partners grew its holdings in shares of Robert Half by 36.5% during the fourth quarter. Boston Partners now owns 3,270,365 shares of the business services provider’s stock valued at $287,265,000 after buying an additional 874,620 shares during the last quarter. Norges Bank bought a new stake in shares of Robert Half during the fourth quarter valued at approximately $73,311,000. Finally, Jacobs Levy Equity Management Inc. increased its position in shares of Robert Half by 900.6% during the first quarter. Jacobs Levy Equity Management Inc. now owns 834,447 shares of the business services provider’s stock valued at $66,155,000 after acquiring an additional 751,049 shares in the last quarter. 92.41% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related 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 value of $82,017.00. Following the completion of 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 Securities & Exchange Commission, which is available at this hyperlink. In other Robert Half news, Director Dirk A. Kempthorne sold 2,221 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $69.66, for a total transaction of $154,714.86. Following the sale, the director now directly owns 10,713 shares of the company’s stock, valued at $746,267.58. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Dirk A. Kempthorne sold 1,300 shares of the company’s stock in a transaction dated 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 directly owns 13,342 shares of the company’s stock, valued at approximately $841,746.78. The disclosure for this sale can be found here. Insiders own 3.00% of the company’s stock.

Robert Half Stock Down 1.7 %

RHI traded down $1.07 during trading on Tuesday, hitting $61.33. The company’s stock had a trading volume of 1,638,490 shares, compared to its average volume of 1,511,743. The business’s 50 day simple moving average is $63.79 and its 200-day simple moving average is $71.71. The firm has a market cap of $6.38 billion, a PE ratio of 18.36, a P/E/G ratio of 5.91 and a beta of 1.25. Robert Half Inc. has a one year low of $57.05 and a one year high of $88.39.

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 the consensus estimate of $0.71 by ($0.05). The company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Robert Half had a return on equity of 20.41% and a net margin of 5.26%. The company’s revenue for the quarter was down 10.2% on a year-over-year basis. During the same quarter last year, the company earned $1.00 earnings per share. Equities research analysts expect that Robert Half Inc. will post 2.58 EPS for the current fiscal year.

Robert Half Announces Dividend

The business 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 annualized dividend and a dividend yield of 3.46%. The ex-dividend date of this dividend is Friday, August 23rd. Robert Half’s dividend payout ratio (DPR) is currently 63.47%.

Wall Street Analyst Weigh In

Several analysts have commented on RHI shares. Barclays cut their target price on Robert Half from $70.00 to $60.00 and set an “underweight” rating on the stock in a research note on Friday, July 26th. Robert W. Baird decreased their target price on Robert Half from $84.00 to $79.00 and set an “outperform” rating for the company in a research report on Friday, April 26th. BNP Paribas raised shares of Robert Half from an “underperform” rating to an “outperform” rating and set a $80.00 price objective for the company in a report on Tuesday, June 11th. Truist Financial cut their target price on shares of Robert Half from $72.00 to $62.00 and set a “hold” rating for the company in a research report on Friday, July 26th. Finally, StockNews.com lowered Robert Half from a “buy” rating to a “hold” rating in a report on Friday, July 5th. 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $67.86.

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.