Focus Partners Advisor Solutions LLC lifted its stake in shares of Robert Half Inc. (NYSE:RHI – Free Report) by 97.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 24,409 shares of the business services provider’s stock after purchasing an additional 12,070 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Robert Half were worth $1,002,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also made changes to their positions in the company. Quarry LP raised its position in shares of Robert Half by 540.8% during the 1st quarter. Quarry LP now owns 487 shares of the business services provider’s stock worth $27,000 after purchasing an additional 411 shares during the period. Manchester Capital Management LLC raised its position in shares of Robert Half by 45.0% during the 1st 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 period. Caitong International Asset Management Co. Ltd raised its position in shares of Robert Half by 927.7% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 853 shares of the business services provider’s stock worth $35,000 after purchasing an additional 770 shares during the period. Allworth Financial LP raised its position in shares of Robert Half by 80.4% during the 1st quarter. Allworth Financial LP now owns 1,458 shares of the business services provider’s stock worth $80,000 after purchasing an additional 650 shares during the period. Finally, Signaturefd LLC raised its position in shares of Robert Half by 286.5% during the 1st quarter. Signaturefd LLC now owns 1,685 shares of the business services provider’s stock worth $92,000 after purchasing an additional 1,249 shares during the period. 92.41% of the stock is currently owned by institutional investors and hedge funds.
Robert Half Stock Performance
Shares of NYSE RHI opened at $29.28 on Tuesday. The stock has a fifty day moving average price of $34.39 and a two-hundred day moving average price of $39.81. The firm has a market cap of $2.98 billion, a P/E ratio of 19.01 and a beta of 1.02. Robert Half Inc. has a 1 year low of $26.99 and a 1 year high of $78.41.
Robert Half Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, August 25th were paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 8.1%. The ex-dividend date of this dividend was Monday, August 25th. Robert Half’s dividend payout ratio (DPR) is presently 153.25%.
Analyst Ratings Changes
A number of analysts have recently weighed in on RHI shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of Robert Half in a research report on Tuesday, October 14th. BMO Capital Markets decreased their price objective on Robert Half from $36.00 to $31.00 and set a “market perform” rating for the company in a report on Thursday, October 23rd. Wall Street Zen raised Robert Half from a “sell” rating to a “hold” rating in a report on Sunday, August 3rd. UBS Group decreased their price objective on Robert Half from $30.00 to $27.00 and set a “sell” rating for the company in a report on Thursday. Finally, Truist Financial decreased their price objective on Robert Half from $55.00 to $50.00 and set a “buy” rating for the company in a report on Monday, October 13th. One research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $38.25.
Check Out Our Latest Report on Robert Half
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.
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