Stanley Capital Management LLC Takes $14.75 Million Position in Robert Half Inc. $RHI

Stanley Capital Management LLC acquired a new position in Robert Half Inc. (NYSE:RHI) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 480,493 shares of the business services provider’s stock, valued at approximately $14,751,000. Robert Half accounts for approximately 2.0% of Stanley Capital Management LLC’s portfolio, making the stock its 24th largest holding.

Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. bought a new stake in Robert Half in the 2nd quarter worth approximately $409,875,000. 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 worth $262,953,000 after purchasing an additional 1,537,245 shares during the period. Pzena Investment Management LLC purchased a new position in Robert Half during the 2nd quarter valued at $191,025,000. Capital World Investors lifted its holdings in Robert Half by 36.0% during the 4th quarter. Capital World Investors now owns 5,902,279 shares of the business services provider’s stock valued at $160,306,000 after buying an additional 1,561,146 shares in the last quarter. Finally, State Street Corp raised its position in Robert Half by 2.7% during the 2nd 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 in the last quarter. 92.41% of the stock is owned by hedge funds and other institutional investors.

Robert Half Stock Down 0.4%

NYSE:RHI opened at $44.92 on Wednesday. The stock’s fifty day moving average is $37.68 and its two-hundred day moving average is $30.39. Robert Half Inc. has a 52 week low of $21.83 and a 52 week high of $46.70. The stock has a market capitalization of $4.60 billion, a price-to-earnings ratio of 39.06 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 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 analyst estimates of $1.32 billion. During the same quarter in the prior year, the company earned $0.41 earnings per share. The company’s revenue 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 fiscal year.

Robert Half Dividend Announcement

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 given a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, August 25th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 5.3%. Robert Half’s dividend payout ratio is 205.22%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. The Goldman Sachs Group upped their price objective on Robert Half from $26.00 to $29.00 and gave the stock a “sell” rating in a research note on Friday, July 24th. 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 report on Monday, July 27th. Weiss Ratings upgraded Robert Half from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, August 18th. Zacks Research upgraded Robert Half from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. Finally, Truist Financial upped their price objective on shares of Robert Half from $40.00 to $50.00 and gave the stock 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 given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $34.75.

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.