Claro Advisors LLC Lowers Position in Robert Half Inc. (NYSE:RHI)

Claro Advisors LLC decreased its stake in Robert Half Inc. (NYSE:RHI) by 24.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,079 shares of the business services provider’s stock after selling 972 shares during the quarter. Claro Advisors LLC’s holdings in Robert Half were worth $217,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC grew its stake in shares of Robert Half by 35.6% during the 3rd quarter. GAMMA Investing LLC now owns 682 shares of the business services provider’s stock valued at $46,000 after acquiring an additional 179 shares during the period. Private Trust Co. NA lifted its holdings in Robert Half by 79.7% during the third quarter. Private Trust Co. NA now owns 433 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 192 shares in the last quarter. M&T Bank Corp boosted its position in shares of Robert Half by 3.7% in the third quarter. M&T Bank Corp now owns 6,419 shares of the business services provider’s stock worth $432,000 after purchasing an additional 227 shares during the period. SYM FINANCIAL Corp increased its stake in shares of Robert Half by 7.5% in the third quarter. SYM FINANCIAL Corp now owns 3,443 shares of the business services provider’s stock worth $232,000 after purchasing an additional 241 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D raised its position in shares of Robert Half by 0.9% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 30,957 shares of the business services provider’s stock valued at $2,087,000 after purchasing an additional 290 shares during the period. Institutional investors own 92.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Truist Financial raised shares of Robert Half from a “hold” rating to a “buy” rating and upped their target price for the stock from $62.00 to $90.00 in a report on Friday, December 13th. BNP Paribas lowered Robert Half from an “outperform” rating to an “underperform” rating and set a $64.00 price objective for the company. in a research note on Monday, December 16th. Barclays raised Robert Half from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $60.00 to $80.00 in a research note on Friday, January 3rd. Finally, JPMorgan Chase & Co. dropped their price target on Robert Half from $70.00 to $69.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $74.33.

Insiders Place Their Bets

In related news, Director Dirk A. Kempthorne sold 1,032 shares of the stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $74.35, for a total value of $76,729.20. Following the completion of the transaction, the director now owns 12,310 shares of the company’s stock, valued at approximately $915,248.50. This trade represents a 7.73 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.00% of the company’s stock.

Robert Half Trading Up 2.3 %

NYSE:RHI opened at $70.25 on Thursday. The business’s 50-day moving average is $72.61 and its 200 day moving average is $67.42. Robert Half Inc. has a 12 month low of $57.05 and a 12 month high of $83.25. The company has a market capitalization of $7.25 billion, a P/E ratio of 25.64 and a beta of 1.24.

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

Robert Half Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, November 25th were paid a $0.53 dividend. The ex-dividend date was Monday, November 25th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.02%. Robert Half’s payout ratio is currently 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.