LMR Partners LLP Buys 2,355 Shares of Robert Half Inc. (NYSE:RHI)

LMR Partners LLP boosted its position in shares of Robert Half Inc. (NYSE:RHI) by 22.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,947 shares of the business services provider’s stock after buying an additional 2,355 shares during the quarter. LMR Partners LLP’s holdings in Robert Half were worth $873,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Thrivent Financial for Lutherans boosted its stake in shares of Robert Half by 27,895.0% during the 2nd quarter. Thrivent Financial for Lutherans now owns 1,244,939 shares of the business services provider’s stock worth $79,652,000 after purchasing an additional 1,240,492 shares during the period. AQR Capital Management LLC lifted its stake in Robert Half by 101.0% in the second quarter. AQR Capital Management LLC now owns 1,564,247 shares of the business services provider’s stock worth $99,439,000 after purchasing an additional 786,031 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its position in shares of Robert Half by 900.6% during the first quarter. Jacobs Levy Equity Management Inc. now owns 834,447 shares of the business services provider’s stock valued at $66,155,000 after buying an additional 751,049 shares during the period. Pacer Advisors Inc. grew its stake in shares of Robert Half by 54.7% during the second quarter. Pacer Advisors Inc. now owns 1,628,919 shares of the business services provider’s stock valued at $104,218,000 after buying an additional 575,879 shares during the last quarter. Finally, Miller Howard Investments Inc. NY purchased a new stake in shares of Robert Half in the second quarter worth approximately $35,357,000. Institutional investors own 92.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on RHI. JPMorgan Chase & Co. dropped their price objective on Robert Half from $70.00 to $69.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Barclays lowered their target price on shares of Robert Half from $70.00 to $60.00 and set an “underweight” rating for the company in a research note on Friday, July 26th. BMO Capital Markets reduced their price target on shares of Robert Half from $72.00 to $64.00 and set a “market perform” rating on the stock in a research note on Thursday, July 25th. Finally, Truist Financial lowered their price objective on shares of Robert Half from $72.00 to $62.00 and set a “hold” rating for the company in a research report on Friday, July 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $69.00.

Robert Half Price Performance

RHI stock opened at $71.32 on Wednesday. Robert Half Inc. has a 1-year low of $57.05 and a 1-year high of $88.39. The business has a 50-day moving average price of $68.41 and a 200 day moving average price of $65.73. The company has a market capitalization of $7.36 billion, a P/E ratio of 26.03 and a beta of 1.23.

Robert Half (NYSE:RHI) last posted its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $0.64 EPS for the quarter, beating the consensus estimate of $0.62 by $0.02. Robert Half had a net margin of 4.84% and a return on equity of 18.78%. The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the previous year, the business posted $0.90 EPS. The company’s quarterly revenue was down 6.3% compared to the same quarter last year. On average, analysts anticipate that Robert Half Inc. will post 2.45 earnings per share for the current fiscal year.

Robert Half Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, November 25th will be given a dividend of $0.53 per share. The ex-dividend date is Monday, November 25th. This represents a $2.12 annualized dividend and a yield of 2.97%. Robert Half’s dividend payout ratio (DPR) is presently 77.37%.

About Robert Half

Robert Half Inc provides talent solutions and business consulting services in North America, South America, Europe, Asia, and Australia. The company operates through Contract Talent Solutions, Permanent Placement Talent Solutions, and Protiviti segments. The Contract Talent Solutions segment provides contract engagement professionals in the fields of finance and accounting, technology, marketing and creative, legal and administrative, and customer support.