OMNI 360 Wealth Inc. Invests $220,000 in Robert Half Inc. $RHI

OMNI 360 Wealth Inc. purchased a new stake in Robert Half Inc. (NYSE:RHI) in the second quarter, HoldingsChannel reports. The firm purchased 5,349 shares of the business services provider’s stock, valued at approximately $220,000.

Other large investors also recently added to or reduced their stakes in the company. Quarry LP increased 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 purchasing an additional 411 shares during the last quarter. CX Institutional bought a new position in shares of Robert Half in the 1st quarter valued at about $33,000. Orion Capital Management LLC bought a new stake in shares of Robert Half during the 4th quarter worth approximately $41,000. Manchester Capital Management LLC grew its position in shares of Robert Half by 45.0% in the 1st quarter. Manchester Capital Management LLC now owns 825 shares of the business services provider’s stock valued at $45,000 after acquiring an additional 256 shares during the period. Finally, Allworth Financial LP raised its holdings in shares of Robert Half by 80.4% in the 1st quarter. Allworth Financial LP now owns 1,458 shares of the business services provider’s stock valued at $80,000 after purchasing an additional 650 shares during the period. 92.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Wall Street Zen upgraded Robert Half from a “sell” rating to a “hold” rating in a research note on Sunday, August 3rd. JPMorgan Chase & Co. reduced their price objective on Robert Half from $47.00 to $45.00 and set a “neutral” rating on the stock in a research note on Thursday, July 24th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Robert Half presently has an average rating of “Hold” and an average price target of $45.83.

Robert Half Stock Down 2.5%

RHI stock opened at $35.49 on Monday. Robert Half Inc. has a 12-month low of $33.18 and a 12-month high of $78.41. The company’s fifty day simple moving average is $37.93 and its 200 day simple moving average is $44.19. The firm has a market cap of $3.61 billion, a price-to-earnings ratio of 20.28 and a beta of 1.03.

Robert Half (NYSE:RHI) 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 business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same period in the previous year, the company posted $0.66 earnings per share. The firm’s revenue for the quarter was down 7.0% on a year-over-year basis. Research analysts expect that Robert Half Inc. will post 2.48 earnings per share for the current year.

Robert Half Dividend Announcement

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

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.