Callan Family Office LLC Acquires New Shares in Robert Half Inc. $RHI

Callan Family Office LLC acquired a new position in shares of Robert Half Inc. (NYSE:RHI) during the second quarter, Holdings Channel.com reports. The fund acquired 11,683 shares of the business services provider’s stock, valued at approximately $359,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Basecamp Wealth Advisors LLC grew its position in shares of Robert Half by 19.4% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 2,164 shares of the business services provider’s stock valued at $55,000 after purchasing an additional 351 shares in the last quarter. Quadrant Capital Group LLC boosted its position in shares of Robert Half by 3.5% during the 3rd quarter. Quadrant Capital Group LLC now owns 12,069 shares of the business services provider’s stock valued at $410,000 after acquiring an additional 407 shares during the last quarter. IFP Advisors Inc boosted its position in shares of Robert Half by 9.0% during the 4th quarter. IFP Advisors Inc now owns 6,845 shares of the business services provider’s stock valued at $186,000 after acquiring an additional 564 shares during the last quarter. Fifth Third Bancorp grew its holdings in shares of Robert Half by 94.3% during the fourth quarter. Fifth Third Bancorp now owns 1,368 shares of the business services provider’s stock worth $37,000 after purchasing an additional 664 shares in the last quarter. Finally, Inspire Advisors LLC increased its holdings in shares of Robert Half by 5.0% in the 4th quarter. Inspire Advisors LLC now owns 14,059 shares of the business services provider’s stock worth $382,000 after buying an additional 669 shares during the last quarter. 92.41% of the stock is currently owned by institutional investors.

Robert Half Stock Down 0.9%

Shares of Robert Half stock opened at $44.50 on Thursday. The company’s fifty day simple moving average is $37.93 and its two-hundred day simple moving average is $30.48. Robert Half Inc. has a 12-month low of $21.83 and a 12-month high of $46.70. The firm has a market cap of $4.56 billion, a PE ratio of 38.70 and a beta of 0.79.

Robert Half (NYSE:RHI) last announced its quarterly earnings results on Thursday, July 23rd. The business services provider reported $0.26 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.26. The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.32 billion. Robert Half had a return on equity of 9.18% and a net margin of 2.17%.Robert Half’s revenue was down 2.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.41 EPS. As a group, sell-side analysts expect that Robert Half Inc. will post 1.27 earnings per share for the current fiscal year.

Robert Half Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, August 25th will be issued a $0.59 dividend. The ex-dividend date is Tuesday, August 25th. This represents a $2.36 annualized dividend and a yield of 5.3%. Robert Half’s dividend payout ratio is 205.22%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on RHI shares. BMO Capital Markets upgraded shares of Robert Half from a “market perform” rating to an “outperform” rating and set a $47.00 price objective on the stock in a research report on Monday, July 27th. Weiss Ratings upgraded Robert Half from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, August 18th. Robert W. Baird set a $47.00 price objective on Robert Half in a research report on Monday, July 27th. The Goldman Sachs Group lifted their price target on shares of Robert Half from $26.00 to $29.00 and gave the stock a “sell” rating in a research note on Friday, July 24th. Finally, Truist Financial upped their price objective on shares of Robert Half from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $34.75.

Robert Half Company Profile

Robert Half International Inc, founded in 1948 by Robert Half, is a global professional staffing and consulting firm headquartered in Menlo Park, California. As a pioneer in specialized staffing, the company has built a reputation for matching skilled professionals with leading organizations across a range of industries. Robert Half’s shares trade on the New York Stock Exchange under the ticker RHI, reflecting its position as one of the longest‐standing and best‐known firms in the staffing sector.

The company offers a comprehensive suite of services, including temporary staffing, permanent placement, and consulting solutions.