Isthmus Partners LLC Buys 1,905 Shares of Robert Half Inc. (NYSE:RHI)

Isthmus Partners LLC grew its stake in Robert Half Inc. (NYSE:RHI) by 23.3% in the 1st quarter, Holdings Channel reports. The institutional investor owned 10,081 shares of the business services provider’s stock after buying an additional 1,905 shares during the quarter. Isthmus Partners LLC’s holdings in Robert Half were worth $550,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Robert Half by 613.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 364 shares of the business services provider’s stock worth $25,000 after purchasing an additional 313 shares during the period. Headlands Technologies LLC bought a new stake in shares of Robert Half in the fourth quarter valued at about $26,000. Signaturefd LLC boosted its position in shares of Robert Half by 121.3% during the fourth quarter. Signaturefd LLC now owns 436 shares of the business services provider’s stock worth $31,000 after buying an additional 239 shares during the period. GeoWealth Management LLC bought a new position in shares of Robert Half during the fourth quarter worth about $35,000. Finally, Orion Capital Management LLC bought a new position in shares of Robert Half during the fourth quarter worth about $41,000. Institutional investors own 92.41% of the company’s stock.

Analyst Upgrades and Downgrades

RHI has been the topic of several research reports. Truist Financial set a $55.00 target price on Robert Half and gave the company a “buy” rating in a research note on Thursday, April 24th. BNP Paribas Exane cut shares of Robert Half from an “outperform” rating to a “neutral” rating and set a $45.00 target price for the company. in a report on Friday, May 2nd. JPMorgan Chase & Co. decreased their target price on shares of Robert Half from $65.00 to $47.00 and set a “neutral” rating for the company in a research report on Thursday, April 24th. Wall Street Zen raised shares of Robert Half from a “sell” rating to a “hold” rating in a research report on Friday, June 6th. Finally, BNP Paribas downgraded shares of Robert Half from an “outperform” rating to a “neutral” rating and set a $45.00 price objective for the company. in a research note on Friday, May 2nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $48.71.

Robert Half Trading Down 2.1%

NYSE:RHI opened at $42.01 on Friday. Robert Half Inc. has a 1-year low of $39.61 and a 1-year high of $78.41. The firm has a fifty day simple moving average of $44.02 and a 200 day simple moving average of $53.11. The stock has a market capitalization of $4.29 billion, a PE ratio of 21.00 and a beta of 1.00.

Robert Half (NYSE:RHI) last announced its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.19). The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.41 billion. Robert Half had a net margin of 3.62% and a return on equity of 14.54%. The business’s revenue was down 8.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.61 EPS. On average, equities analysts predict that Robert Half Inc. will post 2.48 earnings per share for the current fiscal year.

Robert Half Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 23rd were paid a $0.59 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $2.36 annualized dividend and a yield of 5.62%. Robert Half’s dividend payout ratio (DPR) is currently 118.00%.

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.