Pallas Capital Advisors LLC Acquires 4,253 Shares of Robert Half Inc. (NYSE:RHI)

Pallas Capital Advisors LLC grew its stake in shares of Robert Half Inc. (NYSE:RHI) by 58.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,501 shares of the business services provider’s stock after buying an additional 4,253 shares during the quarter. Pallas Capital Advisors LLC’s holdings in Robert Half were worth $791,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Blue Trust Inc. increased its stake in Robert Half by 489.4% in the 2nd quarter. Blue Trust Inc. now owns 389 shares of the business services provider’s stock worth $25,000 after purchasing an additional 323 shares during the period. Fidelis Capital Partners LLC purchased a new position in shares of Robert Half in the first quarter worth $26,000. V Square Quantitative Management LLC purchased a new position in shares of Robert Half in the third quarter worth $27,000. Versant Capital Management Inc bought a new stake in Robert Half during the 2nd quarter valued at $35,000. Finally, Family Firm Inc. purchased a new stake in Robert Half during the 2nd quarter valued at $45,000. Hedge funds and other institutional investors own 92.41% of the company’s stock.

Robert Half Stock Down 0.6 %

NYSE RHI opened at $69.01 on Thursday. The firm has a market capitalization of $7.24 billion, a PE ratio of 20.66 and a beta of 1.23. The stock’s 50 day moving average is $65.31 and its 200 day moving average is $65.45. 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 earnings results on Tuesday, October 22nd. The business services provider reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02. Robert Half had a net margin of 5.26% and a return on equity of 20.41%. The firm had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter in the previous year, the business posted $0.90 EPS. The company’s quarterly revenue was down 6.3% on a year-over-year basis. On average, research analysts anticipate that Robert Half Inc. will post 2.51 earnings per share for the current year.

Robert Half Dividend Announcement

The firm 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 dividend of $0.53 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $2.12 annualized dividend and a dividend yield of 3.07%. Robert Half’s payout ratio is 63.47%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. BMO Capital Markets lowered their price objective on shares of 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. StockNews.com lowered Robert Half from a “buy” rating to a “hold” rating in a research report on Friday, July 5th. Truist Financial cut their price objective on 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 decreased 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. Finally, JPMorgan Chase & Co. cut their price target on shares of Robert Half from $70.00 to $69.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Robert Half currently has a consensus rating of “Hold” and a consensus price target of $67.71.

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.