Claro Advisors LLC Invests $273,000 in Robert Half Inc. (NYSE:RHI)

Claro Advisors LLC bought a new position in shares of Robert Half Inc. (NYSE:RHI) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,051 shares of the business services provider’s stock, valued at approximately $273,000.

Several other large investors have also recently bought and sold shares of the business. Sei Investments Co. boosted its position in shares of Robert Half by 134.3% during the 1st quarter. Sei Investments Co. now owns 47,692 shares of the business services provider’s stock worth $3,781,000 after acquiring an additional 27,334 shares in the last quarter. Avantax Advisory Services Inc. acquired a new position in Robert Half in the first quarter valued at approximately $226,000. Vanguard Group Inc. increased its stake in Robert Half by 3.0% in the first quarter. Vanguard Group Inc. now owns 12,795,282 shares of the business services provider’s stock valued at $1,014,410,000 after purchasing an additional 366,978 shares during the last quarter. O Shaughnessy Asset Management LLC raised its holdings in Robert Half by 5.5% during the first quarter. O Shaughnessy Asset Management LLC now owns 11,565 shares of the business services provider’s stock worth $917,000 after purchasing an additional 602 shares in the last quarter. Finally, UniSuper Management Pty Ltd raised its holdings in Robert Half by 671.3% during the first quarter. UniSuper Management Pty Ltd now owns 12,341 shares of the business services provider’s stock worth $978,000 after purchasing an additional 10,741 shares in the last quarter. Hedge funds and other institutional investors own 92.41% of the company’s stock.

Analyst Ratings Changes

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

Robert Half Stock Down 2.8 %

RHI opened at $71.32 on Wednesday. Robert Half Inc. has a 52 week low of $57.05 and a 52 week high of $88.39. The business has a 50 day moving average price of $68.41 and a two-hundred day moving average price of $65.73. The company has a market cap of $7.36 billion, a PE ratio of 26.03 and a beta of 1.23.

Robert Half (NYSE:RHI) last released its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $0.64 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 during the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter in the prior year, the business earned $0.90 earnings per share. The company’s quarterly revenue was down 6.3% compared to the same quarter last year. As a group, sell-side analysts expect that Robert Half Inc. will post 2.45 EPS for the current fiscal year.

Robert Half Dividend Announcement

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 issued a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 2.97%. The ex-dividend date is Monday, November 25th. Robert Half’s payout ratio is 77.37%.

Robert Half 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.