Capital Performance Advisors LLP Has $382,000 Holdings in Robert Half Inc. (NYSE:RHI)

Capital Performance Advisors LLP reduced its position in Robert Half Inc. (NYSE:RHI) by 27.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,667 shares of the business services provider’s stock after selling 2,154 shares during the period. Capital Performance Advisors LLP’s holdings in Robert Half were worth $382,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Blue Trust Inc. increased its holdings in shares of Robert Half by 489.4% in the 2nd quarter. Blue Trust Inc. now owns 389 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 323 shares during the period. Fidelis Capital Partners LLC acquired a new stake in shares of Robert Half during the 1st quarter valued at $26,000. V Square Quantitative Management LLC purchased a new position in shares of Robert Half during the 3rd quarter valued at $27,000. Reston Wealth Management LLC acquired a new position in shares of Robert Half in the third quarter worth $34,000. Finally, Versant Capital Management Inc purchased a new stake in shares of Robert Half during the second quarter worth $35,000. Institutional investors and hedge funds own 92.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on RHI shares. JPMorgan Chase & Co. dropped their target price on Robert Half from $70.00 to $69.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Barclays cut their price target on shares of Robert Half from $70.00 to $60.00 and set an “underweight” rating on the stock in a report on Friday, July 26th. Truist Financial lowered their target price on shares of Robert Half from $72.00 to $62.00 and set a “hold” rating on the stock in a research report on Friday, July 26th. Finally, BMO Capital Markets reduced their price target on Robert Half from $72.00 to $64.00 and set a “market perform” rating for the company in a research report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $69.00.

Robert Half Price Performance

NYSE:RHI remained flat at $75.80 during mid-day trading on Friday. 39,212 shares of the company traded hands, compared to its average volume of 1,403,019. The firm has a market cap of $7.83 billion, a P/E ratio of 27.66 and a beta of 1.23. The company has a fifty day simple moving average of $66.34 and a two-hundred day simple moving average of $65.53. Robert Half Inc. has a 52-week low of $57.05 and a 52-week high of $88.39.

Robert Half (NYSE:RHI) last released its earnings results on Tuesday, October 22nd. The business services provider reported $0.64 EPS for the quarter, beating the consensus estimate of $0.62 by $0.02. Robert Half had a return on equity of 18.78% and a net margin of 4.84%. The company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same period last year, the firm earned $0.90 EPS. The business’s revenue for the quarter was down 6.3% on a year-over-year basis. Sell-side analysts expect that Robert Half Inc. will post 2.46 EPS for the current year.

Robert Half Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, November 25th will be issued a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 2.80%. The ex-dividend date is Monday, November 25th. Robert Half’s dividend payout ratio (DPR) is 77.37%.

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.