Martin Capital Partners LLC Purchases 71,429 Shares of 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 lifted its position in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 265.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 98,310 shares of the business services provider's stock after purchasing an additional 71,429 shares during the period. Martin Capital Partners LLC owned about 0.10% of Robert Half worth $4,036,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. 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 purchasing an additional 256 shares during the last quarter. Quarry LP boosted its holdings in Robert Half by 540.8% in the first quarter. Quarry LP now owns 487 shares of the business services provider's stock valued at $27,000 after acquiring an additional 411 shares during the last quarter. Riverwater Partners LLC boosted its holdings in Robert Half by 10.0% in the first quarter. Riverwater Partners LLC now owns 5,007 shares of the business services provider's stock valued at $273,000 after acquiring an additional 457 shares during the last quarter. Parallel Advisors LLC boosted its holdings in Robert Half by 30.2% in the second quarter. Parallel Advisors LLC now owns 2,013 shares of the business services provider's stock valued at $83,000 after acquiring an additional 467 shares during the last quarter. Finally, Trust Point Inc. boosted its holdings in Robert Half by 8.2% in the first quarter. Trust Point Inc. now owns 6,488 shares of the business services provider's stock valued at $354,000 after acquiring an additional 494 shares during the last quarter. 92.41% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on RHI shares. JPMorgan Chase & Co. reduced their target price on Robert Half from $47.00 to $45.00 and set a "neutral" rating on the stock 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 analyst has rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $45.83.

Robert Half Stock Performance

Robert Half stock opened at $35.49 on Monday. Robert Half Inc. has a 52-week low of $33.18 and a 52-week high of $78.41. The stock's 50 day moving average price is $37.93 and its two-hundred day moving average price is $44.19. The stock has a market capitalization of $3.61 billion, a price-to-earnings ratio of 20.28 and a beta of 1.03.

Robert Half (NYSE:RHI - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The business services provider reported $0.41 earnings per share for the quarter, topping 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 company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same period in the prior year, the firm earned $0.66 earnings per share. Robert Half's revenue for the quarter was down 7.0% on a year-over-year basis. On average, equities research analysts forecast that Robert Half Inc. will post 2.48 EPS for the current year.

Robert Half Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, August 25th will be paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 6.7%. The ex-dividend date is Monday, August 25th. Robert Half's dividend payout ratio is 134.86%.

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.

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