United Capital Financial Advisors LLC Invests $498,000 in Robert Half Inc. $RHI

United Capital Financial Advisors LLC bought a new position in Robert Half Inc. (NYSE:RHI) during the second quarter, Holdings Channel reports. The firm bought 16,219 shares of the business services provider’s stock, valued at approximately $498,000.

Other hedge funds have also added to or reduced their stakes in the company. Royal Bank of Canada increased its holdings in Robert Half by 19.3% during the 1st quarter. Royal Bank of Canada now owns 38,352 shares of the business services provider’s stock worth $2,092,000 after purchasing an additional 6,212 shares in the last quarter. Jones Financial Companies Lllp raised its stake in shares of Robert Half by 498.7% in the first quarter. Jones Financial Companies Lllp now owns 6,813 shares of the business services provider’s stock worth $372,000 after purchasing an additional 5,675 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Robert Half by 2.5% in the first quarter. Goldman Sachs Group Inc. now owns 304,359 shares of the business services provider’s stock valued at $16,603,000 after purchasing an additional 7,523 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of Robert Half by 91.8% in the first quarter. Empowered Funds LLC now owns 55,719 shares of the business services provider’s stock valued at $3,039,000 after purchasing an additional 26,672 shares in the last quarter. Finally, Sivia Capital Partners LLC boosted its position in shares of Robert Half by 94.6% during the second quarter. Sivia Capital Partners LLC now owns 8,098 shares of the business services provider’s stock valued at $332,000 after buying an additional 3,937 shares during the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.

Analysts Set New Price Targets

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

Robert Half Price Performance

NYSE RHI opened at $45.20 on Tuesday. The business’s fifty day moving average is $38.79 and its 200-day moving average is $30.80. The stock has a market capitalization of $4.63 billion, a price-to-earnings ratio of 39.30 and a beta of 0.79. Robert Half Inc. has a one year low of $21.83 and a one year high of $46.70.

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

Robert Half Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, August 25th will be issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 5.2%. The ex-dividend date of this dividend is Tuesday, August 25th. Robert Half’s dividend payout ratio is 205.22%.

Robert Half Company 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.