Corient Private Wealth LP Has $15.56 Million Position in Robert Half Inc. $RHI

Corient Private Wealth LP lessened its position in Robert Half Inc. (NYSE:RHI - Free Report) by 10.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 506,785 shares of the business services provider's stock after selling 61,749 shares during the period. Corient Private Wealth LP owned approximately 0.50% of Robert Half worth $15,558,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Robert Half during the 2nd quarter worth $203,000. HB Wealth Management LLC raised its position in shares of Robert Half by 34.7% during the second quarter. HB Wealth Management LLC now owns 11,236 shares of the business services provider's stock worth $345,000 after purchasing an additional 2,892 shares during the period. Nykredit A S acquired a new stake in shares of Robert Half during the second quarter worth about $114,000. Proficio Capital Partners LLC bought a new position in shares of Robert Half during the 2nd quarter valued at about $387,000. Finally, Grandeur Peak Global Advisors LLC lifted its holdings in shares of Robert Half by 8.0% during the 2nd quarter. Grandeur Peak Global Advisors LLC now owns 31,750 shares of the business services provider's stock valued at $975,000 after purchasing an additional 2,346 shares in the last quarter. 92.41% of the stock is currently owned by institutional investors and hedge funds.

Robert Half Stock Performance

NYSE:RHI opened at $38.39 on Wednesday. The stock's 50-day simple moving average is $40.61 and its 200 day simple moving average is $31.98. The company has a market cap of $3.93 billion, a P/E ratio of 33.39 and a beta of 0.81. Robert Half Inc. has a 52-week low of $21.83 and a 52-week high of $46.70.

Robert Half (NYSE:RHI - Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The business services provider reported $0.26 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.26. The company had revenue of $1.34 billion for the quarter, compared to analysts' expectations of $1.32 billion. Robert Half had a return on equity of 9.18% and a net margin of 2.17%.The business's revenue was down 2.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.41 EPS. As a group, equities analysts predict that Robert Half Inc. will post 1.27 earnings per share for the current fiscal year.

Robert Half Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, August 25th were paid a dividend of $0.59 per share. The ex-dividend date was Tuesday, August 25th. This represents a $2.36 annualized dividend and a dividend yield of 6.1%. Robert Half's payout ratio is currently 205.22%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group upped their price target on shares of Robert Half from $26.00 to $29.00 and gave the company a "sell" rating in a report on Friday, July 24th. Zacks Research upgraded shares of Robert Half from a "strong sell" rating to a "hold" rating in a report on Tuesday, July 14th. Truist Financial boosted their price objective on shares of Robert Half from $40.00 to $50.00 and gave the company a "buy" rating in a research report on Wednesday, July 22nd. Weiss Ratings upgraded Robert Half from a "sell (d+)" rating to a "hold (c-)" rating in a report on Tuesday, August 18th. Finally, BMO Capital Markets raised Robert Half from a "market perform" rating to an "outperform" rating and set a $47.00 price target on the stock in a research note on Monday, July 27th. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Robert Half currently has a consensus rating of "Hold" and an average target price of $34.75.

Robert Half Company Profile

Robert Half NYSE: RHI is a global talent solutions and business consulting company. Through its staffing operations, the company connects employers with skilled professionals for temporary, temporary-to-hire and permanent positions, as well as project-based assignments.

Robert Half specializes in several professional fields, including accounting and finance, technology, legal, marketing and creative, and administrative and customer support services. Its offerings include recruitment, workforce management and talent placement solutions designed to support organizations with changing personnel needs.

The company also operates Protiviti, a wholly owned subsidiary that provides internal audit, risk and compliance, technology, business performance and other consulting services.

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