Capstone Investment Advisors LLC Makes New Investment in Robert Half Inc. $RHI

Capstone Investment Advisors LLC purchased a new stake in Robert Half Inc. (NYSE:RHI) during the second quarter, HoldingsChannel reports. The institutional investor purchased 16,989 shares of the business services provider’s stock, valued at approximately $522,000.

A number of other hedge funds also recently made changes to their positions in RHI. Basecamp Wealth Advisors LLC increased its position in Robert Half by 19.4% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 2,164 shares of the business services provider’s stock worth $55,000 after purchasing an additional 351 shares in the last quarter. Quadrant Capital Group LLC lifted its stake in Robert Half by 3.5% in the 3rd quarter. Quadrant Capital Group LLC now owns 12,069 shares of the business services provider’s stock valued at $410,000 after purchasing an additional 407 shares during the last quarter. IFP Advisors Inc boosted its position in Robert Half by 9.0% in the fourth quarter. IFP Advisors Inc now owns 6,845 shares of the business services provider’s stock valued at $186,000 after buying an additional 564 shares in the last quarter. Fifth Third Bancorp boosted its position in Robert Half by 94.3% in the fourth quarter. Fifth Third Bancorp now owns 1,368 shares of the business services provider’s stock valued at $37,000 after buying an additional 664 shares in the last quarter. Finally, Inspire Advisors LLC grew its stake in shares of Robert Half by 5.0% during the fourth quarter. Inspire Advisors LLC now owns 14,059 shares of the business services provider’s stock worth $382,000 after buying an additional 669 shares during the last quarter. 92.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

RHI has been the subject of several research analyst reports. Robert W. Baird set a $47.00 price target on shares of Robert Half in a report on Monday, July 27th. Truist Financial boosted their price objective on Robert Half from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. The Goldman Sachs Group upped their target price on Robert Half from $26.00 to $29.00 and gave the stock a “sell” rating in a report on Friday, July 24th. Zacks Research upgraded Robert Half from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. Finally, BMO Capital Markets raised Robert Half from a “market perform” rating to an “outperform” rating and set a $47.00 price target on the stock in a research note on Monday, July 27th. Three research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $34.75.

Robert Half Stock Performance

Shares of NYSE RHI opened at $45.34 on Friday. The company’s 50 day moving average price is $38.47 and its 200-day moving average price is $30.68. Robert Half Inc. has a 52-week low of $21.83 and a 52-week high of $46.70. The company has a market capitalization of $4.64 billion, a P/E ratio of 39.43 and a beta of 0.79.

Robert Half (NYSE:RHI) last posted its quarterly earnings data on Thursday, July 23rd. The business services provider reported $0.26 earnings per share for the quarter, hitting 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 analysts’ expectations of $1.32 billion. During the same period in the prior year, the company posted $0.41 earnings per share. Robert Half’s revenue for the quarter was down 2.4% compared to the same quarter last year. Analysts forecast that Robert Half Inc. will post 1.27 earnings per share for the current year.

Robert Half Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date is Tuesday, August 25th. Robert Half’s dividend payout ratio (DPR) is presently 205.22%.

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.