Unison Advisors LLC Acquires Shares of 27,257 Robert Half Inc. $RHI

Unison Advisors LLC bought a new position in shares of Robert Half Inc. (NYSE:RHI) during the fourth quarter, HoldingsChannel reports. The fund bought 27,257 shares of the business services provider’s stock, valued at approximately $740,000.

A number of other institutional investors have also modified their holdings of RHI. AQR Capital Management LLC raised its position in Robert Half by 24.8% in the 3rd quarter. AQR Capital Management LLC now owns 7,738,454 shares of the business services provider’s stock valued at $262,953,000 after purchasing an additional 1,537,245 shares during the last quarter. Capital Research Global Investors grew its position in Robert Half by 0.3% during the 3rd quarter. Capital Research Global Investors now owns 5,971,698 shares of the business services provider’s stock worth $202,918,000 after purchasing an additional 15,815 shares during the last quarter. State Street Corp increased its stake in Robert Half by 2.7% in the second quarter. State Street Corp now owns 4,873,440 shares of the business services provider’s stock valued at $200,055,000 after purchasing an additional 127,322 shares during the period. Capital World Investors increased its stake in Robert Half by 460.5% in the third quarter. Capital World Investors now owns 4,341,133 shares of the business services provider’s stock valued at $147,512,000 after purchasing an additional 3,566,645 shares during the period. Finally, Pzena Investment Management LLC raised its holdings in shares of Robert Half by 33.8% in the third quarter. Pzena Investment Management LLC now owns 3,179,968 shares of the business services provider’s stock valued at $108,055,000 after buying an additional 802,691 shares during the last quarter. 92.41% of the stock is owned by institutional investors and hedge funds.

Robert Half Trading Up 0.0%

Shares of RHI opened at $25.30 on Monday. The stock’s 50 day moving average is $25.83 and its two-hundred day moving average is $27.88. Robert Half Inc. has a twelve month low of $21.83 and a twelve month high of $53.32. The firm has a market capitalization of $2.56 billion, a PE ratio of 19.02 and a beta of 0.85.

Robert Half (NYSE:RHI) last issued its earnings results on Thursday, January 29th. The business services provider reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02. The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. Robert Half had a return on equity of 10.26% and a net margin of 2.47%.The company’s revenue for the quarter was down 5.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.53 EPS. On average, sell-side analysts predict that Robert Half Inc. will post 2.48 EPS for the current year.

Robert Half Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Wednesday, February 25th were given a $0.59 dividend. The ex-dividend date was Wednesday, February 25th. This represents a $2.36 annualized dividend and a yield of 9.3%. Robert Half’s dividend payout ratio is presently 177.44%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on RHI shares. Zacks Research raised Robert Half from a “strong sell” rating to a “hold” rating in a report on Monday, February 2nd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Robert Half in a research note on Monday, December 29th. JPMorgan Chase & Co. increased their price objective on Robert Half from $29.00 to $31.00 and gave the stock a “neutral” rating in a research report on Friday, January 30th. Robert W. Baird set a $50.00 target price on Robert Half in a research note on Friday, January 30th. Finally, BMO Capital Markets dropped their target price on Robert Half from $35.00 to $32.00 and set a “market perform” rating on the stock in a report on Tuesday, February 17th. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $31.75.

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.