Strengthening Families & Communities LLC Acquires 1,063 Shares of Robert Half Inc. (NYSE:RHI)

Strengthening Families & Communities LLC lifted its holdings in shares of Robert Half Inc. (NYSE:RHI) by 8.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,890 shares of the business services provider’s stock after acquiring an additional 1,063 shares during the quarter. Strengthening Families & Communities LLC’s holdings in Robert Half were worth $936,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in RHI. Blue Trust Inc. boosted its stake in Robert Half by 489.4% in the 2nd quarter. Blue Trust Inc. now owns 389 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 323 shares during the period. V Square Quantitative Management LLC bought a new stake in Robert Half in the 3rd quarter valued at $27,000. Reston Wealth Management LLC acquired a new position in Robert Half in the third quarter valued at about $34,000. Versant Capital Management Inc bought a new position in Robert Half in the second quarter valued at approximately $35,000. Finally, Family Firm Inc. acquired a new stake in shares of Robert Half in the 2nd quarter valued at $45,000. 92.41% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on RHI. BMO Capital Markets decreased their target price on Robert Half from $72.00 to $64.00 and set a “market perform” rating on the stock in a research report on Thursday, July 25th. JPMorgan Chase & Co. lowered their price objective on shares of Robert Half from $70.00 to $69.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Truist Financial decreased their target price on shares of Robert Half from $72.00 to $62.00 and set a “hold” rating on the stock in a research note on Friday, July 26th. Finally, Barclays dropped their price target on Robert Half from $70.00 to $60.00 and set an “underweight” rating for the company in a research note on Friday, July 26th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $69.00.

Robert Half Stock Down 2.6 %

NYSE RHI opened at $73.42 on Monday. The stock has a fifty day simple moving average of $68.00 and a 200 day simple moving average of $65.69. Robert Half Inc. has a twelve month low of $57.05 and a twelve month high of $88.39. The company has a market capitalization of $7.58 billion, a price-to-earnings ratio of 26.80 and a beta of 1.23.

Robert Half (NYSE:RHI) last issued its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02. The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.44 billion. Robert Half had a return on equity of 18.78% and a net margin of 4.84%. The business’s revenue was down 6.3% compared to the same quarter last year. During the same period last year, the business posted $0.90 EPS. Research analysts expect that Robert Half Inc. will post 2.45 earnings per share for the current fiscal year.

Robert Half Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, November 25th will be paid a $0.53 dividend. The ex-dividend date of this dividend is Monday, November 25th. This represents a $2.12 annualized dividend and a dividend yield of 2.89%. Robert Half’s dividend payout ratio is presently 77.37%.

About Robert Half

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.