Empowered Funds LLC Buys 2,805 Shares of Robert Half Inc. (NYSE:RHI)

Empowered Funds LLC grew its holdings in shares of Robert Half Inc. (NYSE:RHI) by 6.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,373 shares of the business services provider’s stock after purchasing an additional 2,805 shares during the quarter. Empowered Funds LLC’s holdings in Robert Half were worth $2,924,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its position in Robert Half by 489.4% during the second quarter. Blue Trust Inc. now owns 389 shares of the business services provider’s stock worth $25,000 after purchasing an additional 323 shares during the period. V Square Quantitative Management LLC bought a new position in Robert Half during the third quarter worth about $27,000. Reston Wealth Management LLC bought a new position in Robert Half during the third quarter worth about $34,000. Versant Capital Management Inc bought a new position in Robert Half during the second quarter worth about $35,000. Finally, GAMMA Investing LLC boosted its position in Robert Half by 35.6% during the third quarter. GAMMA Investing LLC now owns 682 shares of the business services provider’s stock worth $46,000 after purchasing an additional 179 shares during the period. Institutional investors own 92.41% of the company’s stock.

Wall Street Analyst Weigh In

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

Robert Half Price Performance

Shares of RHI opened at $71.32 on Wednesday. The firm’s 50 day simple moving average is $68.41 and its 200 day simple moving average is $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 Inc. has a 1-year low of $57.05 and a 1-year high of $88.39.

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

Robert Half Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, November 25th will be paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 2.97%. The ex-dividend date of this dividend is Monday, November 25th. 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.