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

United Capital Financial Advisors LLC acquired a new position in Robert Half Inc. (NYSE:RHI) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 16,219 shares of the business services provider’s stock, valued at approximately $498,000.

Several other institutional investors have also added to or reduced their stakes in RHI. Royal Bank of Canada lifted its position in shares of Robert Half by 19.3% in 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 during the period. Jones Financial Companies Lllp increased its position in shares of Robert Half by 498.7% during the first quarter. Jones Financial Companies Lllp now owns 6,813 shares of the business services provider’s stock worth $372,000 after buying an additional 5,675 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Robert Half by 2.5% during the first quarter. Goldman Sachs Group Inc. now owns 304,359 shares of the business services provider’s stock worth $16,603,000 after buying an additional 7,523 shares during the period. Empowered Funds LLC raised its stake in Robert Half by 91.8% during the first quarter. Empowered Funds LLC now owns 55,719 shares of the business services provider’s stock worth $3,039,000 after buying an additional 26,672 shares during the last quarter. Finally, Sivia Capital Partners LLC raised its stake in 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 worth $332,000 after buying an additional 3,937 shares during the last quarter. 92.41% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on the stock. Truist Financial upped 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. BMO Capital Markets raised Robert Half from a “market perform” rating to an “outperform” rating and set a $47.00 price objective for the company in a research report on Monday, July 27th. Zacks Research raised Robert Half from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. The Goldman Sachs Group upped their target price on Robert Half from $26.00 to $29.00 and gave the company a “sell” rating in a research report on Friday, July 24th. Finally, Robert W. Baird set a $47.00 target price on Robert Half in a research note on Monday, July 27th. Three equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $34.75.

Robert Half Price Performance

Shares of Robert Half stock opened at $45.20 on Tuesday. Robert Half Inc. has a one year low of $21.83 and a one year high of $46.70. The firm has a market capitalization of $4.63 billion, a price-to-earnings ratio of 39.30 and a beta of 0.79. The business has a 50-day simple moving average of $38.79 and a 200 day simple moving average of $30.80.

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, hitting analysts’ consensus estimates of $0.26. Robert Half had a return on equity of 9.18% and a net margin of 2.17%.The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the prior year, the business earned $0.41 EPS. The firm’s revenue for the quarter was down 2.4% on a year-over-year basis. On average, sell-side analysts expect that Robert Half Inc. will post 1.27 EPS for the current year.

Robert Half Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, August 25th will be issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date is Tuesday, August 25th. Robert Half’s dividend payout ratio (DPR) is currently 205.22%.

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.