Martin Capital Partners LLC Has $4.04 Million Stock Position in Robert Half Inc. $RHI

Key Points

• Martin Capital Partners LLC increased its holdings in Robert Half Inc. by 265.7%, acquiring 71,429 additional shares, bringing its total ownership to approximately 98,310 shares valued at $4.03 million.
• Robert Half's stock has a current market capitalization of $3.61 billion with a dividend yield of 6.7%, as the company announced a quarterly dividend of $0.59 to be paid to shareholders.
• Analysts have set a consensus price target of $45.83 for Robert Half, with recommendations ranging from one Buy, four Holds, and one Sell rating.

Martin Capital Partners LLC grew its holdings in Robert Half Inc. (NYSE:RHI - Free Report) by 265.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 98,310 shares of the business services provider's stock after acquiring an additional 71,429 shares during the quarter. Martin Capital Partners LLC owned 0.10% of Robert Half worth $4,036,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Quarry LP grew its holdings in shares of Robert Half by 540.8% during the first quarter. Quarry LP now owns 487 shares of the business services provider's stock worth $27,000 after buying an additional 411 shares in the last quarter. CX Institutional bought a new position in shares of Robert Half during the first quarter worth about $33,000. Orion Capital Management LLC bought a new position in shares of Robert Half during the fourth quarter worth about $41,000. Manchester Capital Management LLC grew its holdings in shares of Robert Half by 45.0% during the first quarter. Manchester Capital Management LLC now owns 825 shares of the business services provider's stock worth $45,000 after buying an additional 256 shares in the last quarter. Finally, Allworth Financial LP grew its holdings in shares of Robert Half by 80.4% during the first quarter. Allworth Financial LP now owns 1,458 shares of the business services provider's stock worth $80,000 after buying an additional 650 shares in the last quarter. 92.41% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

RHI has been the subject of a number of research reports. JPMorgan Chase & Co. decreased their price objective on Robert Half from $47.00 to $45.00 and set a "neutral" rating for the company in a report on Thursday, July 24th. Wall Street Zen upgraded Robert Half from a "sell" rating to a "hold" rating in a report on Sunday, August 3rd. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $45.83.

Robert Half Price Performance

RHI stock traded down $0.47 during mid-day trading on Friday, reaching $34.64. The company had a trading volume of 529,093 shares, compared to its average volume of 1,692,994. The stock has a 50 day simple moving average of $37.34 and a two-hundred day simple moving average of $43.75. The company has a market capitalization of $3.52 billion, a price-to-earnings ratio of 19.80 and a beta of 1.03. Robert Half Inc. has a 52 week low of $33.18 and a 52 week high of $78.41.

Robert Half (NYSE:RHI - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $0.41 earnings per share for the quarter, beating analysts' consensus estimates of $0.40 by $0.01. Robert Half had a return on equity of 13.00% and a net margin of 3.20%.The firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same period last year, the company earned $0.66 earnings per share. The business's revenue was down 7.0% compared to the same quarter last year. On average, equities analysts predict that Robert Half Inc. will post 2.48 EPS for the current year.

Robert Half Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, August 25th were paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 6.8%. The ex-dividend date was Monday, August 25th. Robert Half's payout ratio is currently 134.86%.

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.