Corient Private Wealth LLC Buys 50,004 Shares of Robert Half Inc. $RHI

Corient Private Wealth LLC lifted its stake in shares of Robert Half Inc. (NYSE:RHI) by 181.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 77,547 shares of the business services provider’s stock after acquiring an additional 50,004 shares during the period. Corient Private Wealth LLC’s holdings in Robert Half were worth $2,107,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of RHI. Royal Bank of Canada increased its stake in Robert Half by 19.3% in the first quarter. Royal Bank of Canada now owns 38,352 shares of the business services provider’s stock valued at $2,092,000 after purchasing an additional 6,212 shares in the last quarter. Jones Financial Companies Lllp boosted its position in shares of Robert Half by 498.7% during the 1st quarter. Jones Financial Companies Lllp now owns 6,813 shares of the business services provider’s stock worth $372,000 after purchasing an additional 5,675 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Robert Half by 2.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 304,359 shares of the business services provider’s stock valued at $16,603,000 after buying an additional 7,523 shares during the period. Empowered Funds LLC grew its stake in shares of Robert Half by 91.8% in the 1st quarter. Empowered Funds LLC now owns 55,719 shares of the business services provider’s stock valued at $3,039,000 after buying an additional 26,672 shares during the period. Finally, Sivia Capital Partners LLC increased its position in Robert Half by 94.6% in the 2nd quarter. Sivia Capital Partners LLC now owns 8,098 shares of the business services provider’s stock valued at $332,000 after buying an additional 3,937 shares in the last quarter. 92.41% of the stock is owned by institutional investors.

Robert Half Stock Down 1.3%

RHI stock opened at $32.32 on Tuesday. Robert Half Inc. has a twelve month low of $21.83 and a twelve month high of $43.82. The stock’s 50 day moving average is $28.70 and its 200-day moving average is $27.28. The firm has a market capitalization of $3.31 billion, a PE ratio of 24.86 and a beta of 0.84.

Robert Half (NYSE:RHI) last announced its quarterly earnings results on Thursday, April 23rd. The business services provider reported $0.14 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.14. The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.34 billion. Robert Half had a return on equity of 10.14% and a net margin of 2.43%.Robert Half’s revenue was down 3.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.17 earnings per share. On average, equities research analysts anticipate that Robert Half Inc. will post 1.29 earnings per share for the current fiscal year.

Robert Half Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 22nd were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date was Friday, May 22nd. Robert Half’s payout ratio is presently 181.54%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Zacks Research lowered Robert Half from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 29th. Weiss Ratings upgraded Robert Half from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, June 17th. William Blair raised Robert Half from a “market perform” rating to an “outperform” rating in a research report on Tuesday, April 21st. Finally, Barclays lowered their target price on Robert Half from $36.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Friday, March 6th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $31.75.

Robert Half Company 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.