Stanley Capital Management LLC Invests $14.75 Million in Robert Half Inc. $RHI

Stanley Capital Management LLC purchased a new stake in shares of Robert Half Inc. (NYSE:RHI) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 480,493 shares of the business services provider’s stock, valued at approximately $14,751,000. Robert Half makes up approximately 2.0% of Stanley Capital Management LLC’s holdings, making the stock its 24th biggest holding. Stanley Capital Management LLC owned 0.47% of Robert Half as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. BlackRock Inc. acquired a new position in Robert Half in the second quarter worth about $409,875,000. AQR Capital Management LLC raised its holdings in Robert Half by 24.8% during the 3rd quarter. AQR Capital Management LLC now owns 7,738,454 shares of the business services provider’s stock worth $262,953,000 after purchasing an additional 1,537,245 shares during the last quarter. Pzena Investment Management LLC bought a new stake in shares of Robert Half in the 2nd quarter valued at $191,025,000. Capital World Investors lifted its holdings in shares of Robert Half by 36.0% during the 4th quarter. Capital World Investors now owns 5,902,279 shares of the business services provider’s stock valued at $160,306,000 after purchasing an additional 1,561,146 shares in the last quarter. Finally, State Street Corp lifted its position in Robert Half by 2.7% in the 2nd quarter. State Street Corp now owns 4,873,440 shares of the business services provider’s stock valued at $200,055,000 after acquiring an additional 127,322 shares in the last quarter. 92.41% of the stock is currently owned by institutional investors and hedge funds.

Robert Half Stock Performance

Robert Half stock opened at $44.92 on Wednesday. The firm’s fifty day moving average price is $37.68 and its 200-day moving average price is $30.39. Robert Half Inc. has a fifty-two week low of $21.83 and a fifty-two week high of $46.70. The stock has a market cap of $4.60 billion, a P/E ratio of 39.06 and a beta of 0.79.

Robert Half (NYSE:RHI) last announced its quarterly earnings data on Thursday, July 23rd. The business services provider reported $0.26 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.26. The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Robert Half had a net margin of 2.17% and a return on equity of 9.18%. The firm’s revenue was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.41 EPS. On average, analysts predict that Robert Half Inc. will post 1.27 earnings per share for the current year.

Robert Half Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, August 25th will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date of this dividend is Tuesday, August 25th. Robert Half’s dividend payout ratio (DPR) is 205.22%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on RHI. The Goldman Sachs Group raised their target price on shares of Robert Half from $26.00 to $29.00 and gave the company a “sell” rating in a research note on Friday, July 24th. BMO Capital Markets raised shares of Robert Half from a “market perform” rating to an “outperform” rating and set a $47.00 price objective for the company in a research note on Monday, July 27th. Weiss Ratings upgraded Robert Half from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, August 18th. Truist Financial increased their target price 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. Finally, Zacks Research raised Robert Half from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $34.75.

About Robert Half

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.