Tejara Capital Ltd Acquires New Holdings in Robert Half Inc. $RHI

Tejara Capital Ltd bought a new stake in Robert Half Inc. (NYSE:RHI) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 45,700 shares of the business services provider’s stock, valued at approximately $1,241,000.

Several other large investors have also recently modified their holdings of RHI. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Robert Half during the second quarter worth $34,000. Danske Bank A S acquired a new position in shares of Robert Half in the third quarter valued at about $37,000. Hantz Financial Services Inc. raised its position in Robert Half by 952.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,105 shares of the business services provider’s stock worth $38,000 after buying an additional 1,000 shares during the last quarter. Fifth Third Bancorp raised its holdings in shares of Robert Half by 94.3% during the fourth quarter. Fifth Third Bancorp now owns 1,368 shares of the business services provider’s stock worth $37,000 after purchasing an additional 664 shares during the last quarter. Finally, Quent Capital LLC purchased a new position in shares of Robert Half during the 3rd quarter valued at about $52,000. Institutional investors own 92.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. BMO Capital Markets cut their target price on shares of Robert Half from $35.00 to $32.00 and set a “market perform” rating for the company in a report on Tuesday, February 17th. JPMorgan Chase & Co. boosted their target price on shares of Robert Half from $29.00 to $31.00 and gave the stock a “neutral” rating in a research note on Friday, January 30th. Truist Financial boosted their price target on Robert Half from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. Robert W. Baird set a $50.00 price objective on shares of Robert Half in a report on Friday, January 30th. Finally, Barclays reduced their price objective on Robert Half from $36.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Friday, March 6th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $31.75.

Robert Half Stock Down 0.8%

NYSE:RHI opened at $24.69 on Friday. Robert Half Inc. has a 52 week low of $21.83 and a 52 week high of $48.20. The stock’s fifty day moving average is $25.28 and its two-hundred day moving average is $26.63. The company has a market capitalization of $2.53 billion, a P/E ratio of 19.00 and a beta of 0.80.

Robert Half (NYSE:RHI) last issued its quarterly earnings data on Thursday, April 23rd. The business services provider reported $0.14 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.14. Robert Half had a return on equity of 10.14% and a net margin of 2.43%.The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same period last year, the company earned $0.17 EPS. The company’s quarterly revenue was down 3.8% on a year-over-year basis. Sell-side analysts anticipate that Robert Half Inc. will post 1.36 earnings per share for the current fiscal year.

Robert Half Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 22nd will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 9.6%. The ex-dividend date is Friday, May 22nd. Robert Half’s dividend payout ratio is currently 181.54%.

Robert Half Profile

Robert Half International Inc, founded in 1948 by Robert Half, is a global professional staffing and consulting firm headquartered in Menlo Park, California. As a pioneer in specialized staffing, the company has built a reputation for matching skilled professionals with leading organizations across a range of industries. Robert Half’s shares trade on the New York Stock Exchange under the ticker RHI, reflecting its position as one of the longest?standing and best?known firms in the staffing sector.

The company offers a comprehensive suite of services, including temporary staffing, permanent placement, and consulting solutions.