HighTower Advisors LLC Grows Stock Position in Robert Half Inc. (NYSE:RHI)

HighTower Advisors LLC boosted its holdings in Robert Half Inc. (NYSE:RHI) by 11.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 36,048 shares of the business services provider’s stock after acquiring an additional 3,606 shares during the period. HighTower Advisors LLC’s holdings in Robert Half were worth $2,436,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Mawer Investment Management Ltd. grew its position in shares of Robert Half by 28.9% in the third quarter. Mawer Investment Management Ltd. now owns 4,681,340 shares of the business services provider’s stock valued at $315,569,000 after purchasing an additional 1,049,005 shares during the last quarter. FORA Capital LLC acquired a new stake in Robert Half during the 3rd quarter valued at $1,792,000. Achmea Investment Management B.V. grew its holdings in Robert Half by 9.2% during the 2nd quarter. Achmea Investment Management B.V. now owns 152,251 shares of the business services provider’s stock valued at $9,741,000 after buying an additional 12,772 shares during the last quarter. Oregon Public Employees Retirement Fund increased its position in Robert Half by 182.4% during the second quarter. Oregon Public Employees Retirement Fund now owns 25,100 shares of the business services provider’s stock worth $1,606,000 after buying an additional 16,212 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of Robert Half by 136.3% in the second quarter. Renaissance Technologies LLC now owns 88,400 shares of the business services provider’s stock worth $5,656,000 after acquiring an additional 50,995 shares during the last quarter. 92.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on RHI. Truist Financial upgraded Robert Half from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $62.00 to $90.00 in a research report on Friday. JPMorgan Chase & Co. lowered their price target on shares of Robert Half from $70.00 to $69.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $73.67.

Robert Half Trading Up 0.8 %

NYSE RHI opened at $76.10 on Friday. The company has a market capitalization of $7.86 billion, a PE ratio of 27.77 and a beta of 1.24. The business’s 50-day moving average price is $71.62 and its 200 day moving average price is $66.41. Robert Half Inc. has a twelve month low of $57.05 and a twelve month high of $88.39.

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

Robert Half Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, November 25th were paid a dividend of $0.53 per share. The ex-dividend date was Monday, November 25th. This represents a $2.12 annualized dividend and a dividend yield of 2.79%. Robert Half’s dividend payout ratio is presently 77.37%.

Insider Transactions at Robert Half

In related news, Director Dirk A. Kempthorne sold 1,032 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $74.35, for a total transaction of $76,729.20. Following the completion of the sale, the director now owns 12,310 shares of the company’s stock, valued at approximately $915,248.50. This represents a 7.73 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.00% of the company’s stock.

Robert Half Company Profile

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.