Pallas Capital Advisors LLC lifted its position in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 75.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,280 shares of the business services provider's stock after acquiring an additional 8,706 shares during the quarter. Pallas Capital Advisors LLC's holdings in Robert Half were worth $1,106,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Sivia Capital Partners LLC purchased a new position in Robert Half during the first quarter worth approximately $227,000. Sendero Wealth Management LLC lifted its position in shares of Robert Half by 37.1% during the 1st quarter. Sendero Wealth Management LLC now owns 14,867 shares of the business services provider's stock valued at $811,000 after buying an additional 4,023 shares in the last quarter. Merit Financial Group LLC grew its stake in Robert Half by 65.5% in the 1st quarter. Merit Financial Group LLC now owns 45,594 shares of the business services provider's stock valued at $2,487,000 after acquiring an additional 18,047 shares during the period. Fifth Third Wealth Advisors LLC increased its holdings in Robert Half by 124.5% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 7,533 shares of the business services provider's stock worth $411,000 after acquiring an additional 4,178 shares in the last quarter. Finally, Parallel Advisors LLC increased its holdings in Robert Half by 72.9% in the 1st quarter. Parallel Advisors LLC now owns 1,546 shares of the business services provider's stock worth $84,000 after acquiring an additional 652 shares in the last quarter. 92.41% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
RHI has been the topic of several research analyst reports. Barclays dropped their target price on shares of Robert Half from $50.00 to $45.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 24th. Wall Street Zen upgraded Robert Half from a "sell" rating to a "hold" rating in a report on Friday, June 6th. Truist Financial set a $55.00 target price on shares of Robert Half and gave the company a "buy" rating in a research report on Thursday, April 24th. JPMorgan Chase & Co. lowered their price target on shares of Robert Half from $65.00 to $47.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. Finally, BNP Paribas lowered shares of Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 target price on the stock. in a research note on Friday, May 2nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, Robert Half has a consensus rating of "Hold" and an average target price of $48.71.
View Our Latest Report on Robert Half
Robert Half Stock Down 2.6%
NYSE:RHI traded down $1.16 on Friday, reaching $42.63. The company's stock had a trading volume of 1,609,575 shares, compared to its average volume of 1,445,220. The firm has a market cap of $4.36 billion, a price-to-earnings ratio of 17.47 and a beta of 1.04. Robert Half Inc. has a 12-month low of $40.00 and a 12-month high of $78.41. The stock has a 50 day moving average price of $45.95 and a 200 day moving average price of $57.52.
Robert Half (NYSE:RHI - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The business services provider reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.19). Robert Half had a return on equity of 17.20% and a net margin of 4.34%. The company had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.41 billion. During the same period last year, the business earned $0.61 EPS. The company's quarterly revenue was down 8.4% compared to the same quarter last year. Equities research analysts expect that Robert Half Inc. will post 2.48 EPS for the current fiscal year.
Robert Half Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 23rd were given a dividend of $0.59 per share. The ex-dividend date was Friday, May 23rd. This represents a $2.36 annualized dividend and a dividend yield of 5.54%. Robert Half's dividend payout ratio is presently 118.00%.
About Robert Half
(
Free Report)
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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