Dirk A. Kempthorne Sells 1,300 Shares of Robert Half Inc. (NYSE:RHI) Stock

Robert Half Inc. (NYSE:RHI) Director Dirk A. Kempthorne sold 1,300 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $63.09, for a total transaction of $82,017.00. Following the sale, the director now owns 13,342 shares of the company’s stock, valued at approximately $841,746.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Robert Half Trading Up 0.8 %

Shares of Robert Half stock traded up $0.49 on Friday, reaching $63.25. The stock had a trading volume of 2,152,633 shares, compared to its average volume of 1,503,437. The business’s 50 day moving average is $64.02 and its two-hundred day moving average is $72.21. Robert Half Inc. has a 1 year low of $57.05 and a 1 year high of $88.39. The company has a market cap of $6.64 billion, a P/E ratio of 18.94, a price-to-earnings-growth ratio of 6.05 and a beta of 1.25.

Robert Half (NYSE:RHI) last posted its earnings results on Wednesday, July 24th. The business services provider reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.05). Robert Half had a return on equity of 20.41% and a net margin of 5.26%. The firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter in the prior year, the company earned $1.00 earnings per share. The business’s revenue for the quarter was down 10.2% compared to the same quarter last year. On average, equities analysts anticipate that Robert Half Inc. will post 2.58 EPS for the current fiscal year.

Robert Half Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 23rd will be given 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 3.35%. Robert Half’s dividend payout ratio (DPR) is presently 63.47%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. BNP Paribas raised shares of Robert Half from an “underperform” rating to an “outperform” rating and set a $80.00 price target on the stock in a report on Tuesday, June 11th. Barclays dropped their price target on Robert Half from $70.00 to $60.00 and set an “underweight” rating on the stock in a research report on Friday, July 26th. JPMorgan Chase & Co. decreased their price objective on Robert Half from $74.00 to $70.00 and set a “neutral” rating for the company in a report on Thursday, July 25th. Robert W. Baird dropped their price objective on shares of Robert Half from $84.00 to $79.00 and set an “outperform” rating on the stock in a report on Friday, April 26th. Finally, StockNews.com lowered 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 issued a buy rating to the stock. According to MarketBeat.com, Robert Half currently has an average rating of “Hold” and a consensus price target of $67.86.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of RHI. Blue Trust Inc. grew its stake in Robert Half by 489.4% in the 2nd quarter. Blue Trust Inc. now owns 389 shares of the business services provider’s stock worth $25,000 after buying an additional 323 shares in the last quarter. Fidelis Capital Partners LLC bought a new position in Robert Half in the first quarter valued at $26,000. Versant Capital Management Inc bought a new stake in Robert Half during the second quarter worth about $35,000. Venturi Wealth Management LLC boosted its holdings in shares of Robert Half by 55.0% in the 4th quarter. Venturi Wealth Management LLC now owns 420 shares of the business services provider’s stock worth $37,000 after purchasing an additional 149 shares in the last quarter. Finally, Family Firm Inc. bought a new position in shares of Robert Half during the 2nd quarter valued at about $45,000. 92.41% of the stock is currently owned by institutional investors.

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.