242,914 Shares in Robert Half Inc. $RHI Purchased by ProShare Advisors LLC

Key Points

• ProShare Advisors opened a new position in Robert Half, buying 242,914 shares valued at about $8.9 million, or roughly 0.24% of the company. Institutional investors and hedge funds collectively own 92.41% of its shares.
• Analyst views are mixed, with a consensus “Hold” rating and a $40.75 average price target. Robert Half reported quarterly EPS of $0.49, beating estimates by $0.02, while revenue was $1.36 billion.
• Robert Half declared a quarterly dividend of $0.59 per share, equivalent to $2.36 annually and a reported 5.4% yield.

ProShare Advisors LLC purchased a new position in shares of Robert Half Inc. (NYSE:RHI - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 242,914 shares of the business services provider's stock, valued at approximately $8,927,000. ProShare Advisors LLC owned approximately 0.24% of Robert Half at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. purchased a new position in Robert Half in the 2nd quarter valued at approximately $409,875,000. Pzena Investment Management LLC purchased a new stake in Robert Half during the second quarter worth $191,025,000. Bank of America Corp DE acquired a new stake in Robert Half in the second quarter valued at $38,460,000. Hawk Ridge Capital Management LP grew its holdings in Robert Half by 134.2% in the first quarter. Hawk Ridge Capital Management LP now owns 1,785,400 shares of the business services provider's stock valued at $45,349,000 after purchasing an additional 1,023,000 shares during the last quarter. Finally, First Trust Advisors LP increased its position in shares of Robert Half by 281.2% in the first quarter. First Trust Advisors LP now owns 1,333,720 shares of the business services provider's stock valued at $33,876,000 after buying an additional 983,842 shares in the last quarter. Institutional investors and hedge funds own 92.41% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on RHI shares. The Goldman Sachs Group raised their price target on Robert Half from $29.00 to $33.00 and gave the company a "sell" rating in a research report on Friday, October 23rd. Zacks Research upgraded shares of Robert Half from a "strong sell" rating to a "hold" rating in a research report on Tuesday, July 14th. Jefferies Financial Group reissued an "underperform" rating and issued a $33.00 price objective on shares of Robert Half in a research note on Friday, October 23rd. BMO Capital Markets raised their target price on shares of Robert Half from $47.00 to $50.00 and gave the company an "outperform" rating in a report on Monday, October 26th. Finally, Truist Financial raised their target price on shares of Robert Half from $40.00 to $50.00 and gave the company a "buy" rating in a report on Wednesday, July 22nd. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Robert Half has a consensus rating of "Hold" and a consensus price target of $40.75.

Robert Half Stock Performance

Shares of NYSE:RHI opened at $43.62 on Wednesday. The business's fifty day moving average price is $38.76 and its two-hundred day moving average price is $32.39. The stock has a market cap of $4.46 billion, a PE ratio of 37.00 and a beta of 0.76. Robert Half Inc. has a one year low of $21.83 and a one year high of $47.14.

Robert Half (NYSE:RHI - Get Free Report) last released its quarterly earnings results on Thursday, October 22nd. The business services provider reported $0.49 earnings per share for the quarter, topping analysts' consensus estimates of $0.47 by $0.02. Robert Half had a return on equity of 9.89% and a net margin of 2.30%. The company had revenue of $1.36 billion during the quarter, compared to analysts' expectations of $1.36 billion. During the same period in the previous year, the firm posted $0.43 earnings per share. The business's revenue for the quarter was up .4% compared to the same quarter last year. As a group, equities research analysts predict that Robert Half Inc. will post 1.29 earnings per share for the current fiscal year.

Robert Half Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Wednesday, November 25th will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date is Wednesday, November 25th. Robert Half's dividend payout ratio (DPR) is currently 195.04%.

Robert Half Company Profile

Robert Half Inc NYSE: RHI is a global talent solutions and business consulting company. Through its Robert Half brand, the company provides temporary, project-based and permanent staffing services, connecting employers with professionals in accounting and finance, administrative and customer support, technology, legal, and marketing and creative fields.

Robert Half also operates Protiviti, a global consulting firm that helps organizations address internal audit, risk and compliance, technology, business performance, and digital transformation challenges.

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