Robert Half Inc. $RHI Stock Sold by Kestra Investment Management LLC

Kestra Investment Management LLC lowered its stake in Robert Half Inc. (NYSE:RHI) by 12.7% in the third quarter, Holdings Channel.com reports. The institutional investor owned 84,848 shares of the business services provider’s stock after selling 12,331 shares during the quarter. Kestra Investment Management LLC’s holdings in Robert Half were worth $3,118,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in RHI. Provenance Wealth Advisors LLC acquired a new position in shares of Robert Half during the 3rd quarter valued at about $31,000. Reyes Financial Architecture Inc. bought a new position in shares of Robert Half in the 3rd quarter valued at approximately $36,000. Elevation Wealth Partners LLC lifted its holdings in Robert Half by 605.6% in the 2nd quarter. Elevation Wealth Partners LLC now owns 1,136 shares of the business services provider’s stock worth $35,000 after purchasing an additional 975 shares during the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in Robert Half in the 2nd quarter worth approximately $39,000. Finally, Quantbot Technologies LP acquired a new stake in Robert Half in the 2nd quarter worth approximately $39,000. Institutional investors own 92.41% of the company’s stock.

Robert Half Price Performance

RHI stock opened at $42.12 on Tuesday. The stock has a market capitalization of $4.31 billion, a price-to-earnings ratio of 34.81 and a beta of 0.76. The company has a 50-day moving average of $38.60 and a two-hundred day moving average of $32.69. Robert Half Inc. has a 52-week low of $21.83 and a 52-week high of $47.14.

Robert Half (NYSE:RHI) last posted its quarterly earnings data on Thursday, October 22nd. The business services provider reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. Robert Half had a return on equity of 9.89% and a net margin of 2.30%. The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same period in the previous year, the company posted $0.43 earnings per share. The firm’s revenue for the quarter was up .4% on a year-over-year basis. Equities analysts expect that Robert Half Inc. will post 1.29 EPS for the current fiscal year.

Robert Half Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Wednesday, November 25th will be issued a $0.59 dividend. The ex-dividend date of this dividend is Wednesday, November 25th. This represents a $2.36 dividend on an annualized basis and a yield of 5.6%. Robert Half’s dividend payout ratio (DPR) is 195.04%.

Analysts Set New Price Targets

A number of brokerages have issued reports on RHI. Barclays upped their target price on Robert Half from $25.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Monday, October 26th. BMO Capital Markets lifted their price target on shares of Robert Half from $47.00 to $50.00 and gave the company an “outperform” rating in a research report on Monday, October 26th. Truist Financial lifted their price target on shares of Robert Half from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. Jefferies Financial Group restated an “underperform” rating and issued a $33.00 price objective on shares of Robert Half in a research note on Friday, October 23rd. Finally, Zacks Research raised shares of Robert Half from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Robert Half presently has an average rating of “Hold” and an average target price of $40.75.

Robert Half Company Profile

Robert Half, Inc is a global talent solutions company that provides staffing and recruitment services to businesses and job seekers. It places professionals in temporary, project-based and permanent roles, with expertise in fields including finance and accounting, technology, marketing and creative, legal, and administrative support.

The company also provides business and technology consulting through Protiviti, its consulting subsidiary. Protiviti advises organizations on areas such as risk management, internal audit, compliance, cybersecurity, technology and business performance.

Founded in 1948, Robert Half serves clients through offices and operations in North America, South America, Europe and the Asia-Pacific region.