Strengthening Families & Communities LLC Acquires 1,063 Shares of Robert Half Inc. (NYSE:RHI)

Strengthening Families & Communities LLC boosted its holdings in Robert Half Inc. (NYSE:RHI) by 8.3% during the 3rd quarter, Holdings Channel.com reports. The fund owned 13,890 shares of the business services provider’s stock after purchasing an additional 1,063 shares during the quarter. Strengthening Families & Communities LLC’s holdings in Robert Half were worth $936,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in RHI. Thrivent Financial for Lutherans lifted its position in Robert Half by 27,895.0% in the 2nd quarter. Thrivent Financial for Lutherans now owns 1,244,939 shares of the business services provider’s stock valued at $79,652,000 after acquiring an additional 1,240,492 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Robert Half by 101.0% during the 2nd quarter. AQR Capital Management LLC now owns 1,564,247 shares of the business services provider’s stock worth $99,439,000 after buying an additional 786,031 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its position in shares of Robert Half by 900.6% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 834,447 shares of the business services provider’s stock worth $66,155,000 after buying an additional 751,049 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of Robert Half by 54.7% during the 2nd quarter. Pacer Advisors Inc. now owns 1,628,919 shares of the business services provider’s stock worth $104,218,000 after buying an additional 575,879 shares in the last quarter. Finally, Miller Howard Investments Inc. NY bought a new position in shares of Robert Half during the 2nd quarter worth approximately $35,357,000. Institutional investors own 92.41% of the company’s stock.

Wall Street Analysts Forecast Growth

RHI has been the topic of several recent analyst reports. JPMorgan Chase & Co. dropped their target price on shares of 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 dropped their target price on shares of Robert Half from $70.00 to $60.00 and set an “underweight” rating on the stock in a research report on Friday, July 26th. BMO Capital Markets dropped their target price on shares of Robert Half from $72.00 to $64.00 and set a “market perform” rating on the stock in a research report on Thursday, July 25th. Finally, Truist Financial dropped 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. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $69.00.

Robert Half Stock Down 2.6 %

Shares of RHI stock opened at $73.42 on Monday. The company has a 50 day moving average of $68.00 and a 200-day moving average of $65.69. Robert Half Inc. has a 12-month low of $57.05 and a 12-month high of $88.39. The firm has a market cap of $7.58 billion, a P/E ratio of 26.80 and a beta of 1.23.

Robert Half (NYSE:RHI) last released its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02. Robert Half had a net margin of 4.84% and a return on equity of 18.78%. The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same period in the previous year, the business earned $0.90 EPS. Robert Half’s revenue was down 6.3% compared to the same quarter last year. As a group, equities analysts expect that Robert Half Inc. will post 2.45 EPS for the current year.

Robert Half Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, November 25th will be paid a $0.53 dividend. The ex-dividend date is Monday, November 25th. This represents a $2.12 dividend on an annualized basis and a yield of 2.89%. Robert Half’s dividend payout ratio is 77.37%.

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.