Aviance Capital Partners LLC Makes New Investment in Robert Half Inc. $RHI

Aviance Capital Partners LLC purchased a new stake in shares of Robert Half Inc. (NYSE:RHI) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 29,281 shares of the business services provider’s stock, valued at approximately $795,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RHI. AQR Capital Management LLC boosted its stake in Robert Half by 190.5% in the second quarter. AQR Capital Management LLC now owns 6,201,209 shares of the business services provider’s stock valued at $254,560,000 after acquiring an additional 4,066,328 shares during the last quarter. Capital World Investors raised its stake in Robert Half by 460.5% during the 3rd quarter. Capital World Investors now owns 4,341,133 shares of the business services provider’s stock worth $147,512,000 after buying an additional 3,566,645 shares during the period. Qube Research & Technologies Ltd raised its stake in Robert Half by 1,478.6% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,145,456 shares of the business services provider’s stock worth $47,021,000 after buying an additional 1,072,895 shares during the period. Pzena Investment Management LLC raised its stake in Robert Half by 33.8% during the 3rd quarter. Pzena Investment Management LLC now owns 3,179,968 shares of the business services provider’s stock worth $108,055,000 after buying an additional 802,691 shares during the period. Finally, Deprince Race & Zollo Inc. raised its stake in Robert Half by 40.8% during the 4th quarter. Deprince Race & Zollo Inc. now owns 2,440,961 shares of the business services provider’s stock worth $66,297,000 after buying an additional 707,078 shares during the period. 92.41% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. BMO Capital Markets dropped their price objective on Robert Half from $35.00 to $32.00 and set a “market perform” rating on the stock in a research note on Tuesday, February 17th. Truist Financial boosted their price objective on shares of Robert Half from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, January 30th. The Goldman Sachs Group boosted their price objective on shares of Robert Half from $24.00 to $27.00 and gave the company a “sell” rating in a research report on Tuesday, February 3rd. Weiss Ratings raised shares of Robert Half from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 11th. Finally, William Blair raised shares of Robert Half from a “market perform” rating to an “outperform” rating in a research report on Tuesday, April 21st. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $31.75.

Robert Half Trading Down 1.8%

Shares of RHI stock opened at $25.70 on Wednesday. Robert Half Inc. has a 1 year low of $21.83 and a 1 year high of $48.10. The firm’s fifty day moving average price is $25.34 and its two-hundred day moving average price is $26.57. The firm has a market capitalization of $2.63 billion, a P/E ratio of 19.77 and a beta of 0.80.

Robert Half (NYSE:RHI) last issued its quarterly earnings results on Thursday, April 23rd. The business services provider reported $0.14 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.14. Robert Half had a net margin of 2.43% and a return on equity of 10.14%. The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same period in the previous year, the business earned $0.17 EPS. The company’s revenue was down 3.8% compared to the same quarter last year. As a group, equities research analysts forecast that Robert Half Inc. will post 1.29 EPS for the current fiscal year.

Robert Half Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 22nd will be paid a dividend of $0.59 per share. The ex-dividend date is Friday, May 22nd. This represents a $2.36 annualized dividend and a dividend yield of 9.2%. Robert Half’s payout ratio is currently 181.54%.

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.