Kestra Investment Management LLC Grows Stake in Robert Half Inc. $RHI

Kestra Investment Management LLC grew its position in Robert Half Inc. (NYSE:RHI) by 129.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 64,809 shares of the business services provider’s stock after purchasing an additional 36,542 shares during the quarter. Kestra Investment Management LLC’s holdings in Robert Half were worth $1,760,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of RHI. Quadrant Capital Group LLC lifted its stake in shares of Robert Half by 3.5% during the third quarter. Quadrant Capital Group LLC now owns 12,069 shares of the business services provider’s stock worth $410,000 after buying an additional 407 shares during the period. Arizona State Retirement System lifted its stake in shares of Robert Half by 1.6% during the third quarter. Arizona State Retirement System now owns 30,231 shares of the business services provider’s stock worth $1,027,000 after buying an additional 462 shares during the period. IFP Advisors Inc lifted its stake in shares of Robert Half by 9.0% during the fourth quarter. IFP Advisors Inc now owns 6,845 shares of the business services provider’s stock worth $186,000 after buying an additional 564 shares during the period. State of Alaska Department of Revenue lifted its stake in shares of Robert Half by 1.1% during the fourth quarter. State of Alaska Department of Revenue now owns 56,746 shares of the business services provider’s stock worth $1,541,000 after buying an additional 601 shares during the period. Finally, Fifth Third Bancorp lifted its stake 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 buying an additional 664 shares during the period. 92.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Zacks Research downgraded shares of Robert Half from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 29th. The Goldman Sachs Group boosted their target price on shares of Robert Half from $24.00 to $27.00 and gave the company a “sell” rating in a research report on Tuesday, February 3rd. JPMorgan Chase & Co. boosted their target price on shares of Robert Half from $29.00 to $31.00 and gave the company a “neutral” rating in a research report on Friday, January 30th. Robert W. Baird set a $50.00 target price on shares of Robert Half in a research report on Friday, January 30th. Finally, BMO Capital Markets decreased 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 research report on Tuesday, February 17th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, Robert Half has an average rating of “Reduce” and an average target price of $31.75.

Robert Half Trading Down 1.3%

Shares of RHI stock opened at $26.95 on Wednesday. The company has a market capitalization of $2.76 billion, a P/E ratio of 20.73 and a beta of 0.80. The business’s 50 day moving average is $25.72 and its two-hundred day moving average is $26.61. Robert Half Inc. has a 12-month low of $21.83 and a 12-month high of $46.69.

Robert Half (NYSE:RHI) last released its earnings results on Thursday, April 23rd. The business services provider reported $0.14 EPS for the quarter, hitting analysts’ consensus estimates of $0.14. The business had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Robert Half had a net margin of 2.43% and a return on equity of 10.14%. The company’s quarterly revenue was down 3.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.17 earnings per share. On average, research analysts predict that Robert Half Inc. will post 1.29 earnings per share for the current fiscal year.

Robert Half Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 22nd will be paid a dividend of $0.59 per share. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 8.8%. Robert Half’s 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.