Capstone Investment Advisors LLC Takes $522,000 Position in Robert Half Inc. $RHI

Capstone Investment Advisors LLC bought a new position in shares of Robert Half Inc. (NYSE:RHI) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 16,989 shares of the business services provider’s stock, valued at approximately $522,000.

Several other institutional investors have also added to or reduced their stakes in RHI. BlackRock Inc. acquired a new stake in shares of Robert Half during the second quarter worth $409,875,000. Pzena Investment Management LLC bought a new stake in shares of Robert Half in the second quarter valued at about $191,025,000. AQR Capital Management LLC grew its stake in shares of Robert Half by 190.5% in the second quarter. AQR Capital Management LLC now owns 6,201,209 shares of the business services provider’s stock valued at $254,560,000 after acquiring an additional 4,066,328 shares in the last quarter. Capital World Investors grew its stake in shares of Robert Half by 36.0% in the fourth quarter. Capital World Investors now owns 5,902,279 shares of the business services provider’s stock valued at $160,306,000 after acquiring an additional 1,561,146 shares in the last quarter. Finally, Brickwood Asset Management LLP bought a new position in Robert Half during the fourth quarter worth about $34,908,000. 92.41% of the stock is currently owned by institutional investors.

Robert Half Stock Up 0.8%

Shares of Robert Half stock opened at $45.34 on Friday. Robert Half Inc. has a 12-month low of $21.83 and a 12-month high of $46.70. The company has a market capitalization of $4.64 billion, a price-to-earnings ratio of 39.43 and a beta of 0.79. The firm’s 50-day moving average price is $38.47 and its two-hundred day moving average price is $30.68.

Robert Half (NYSE:RHI) last issued 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. The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.32 billion. Robert Half had a net margin of 2.17% and a return on equity of 9.18%. The firm’s quarterly revenue was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.41 EPS. On average, sell-side analysts expect that Robert Half Inc. will post 1.27 earnings per share for the current year.

Robert Half Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, August 25th will be paid a dividend of $0.59 per share. The ex-dividend date is Tuesday, August 25th. This represents a $2.36 annualized dividend and a yield of 5.2%. Robert Half’s dividend payout ratio is presently 205.22%.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Truist Financial lifted their price objective on shares of Robert Half from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. Robert W. Baird set a $47.00 target price on shares of Robert Half in a research report on Monday, July 27th. BMO Capital Markets raised shares of Robert Half from a “market perform” rating to an “outperform” rating and set a $47.00 target price on the stock in a report on Monday, July 27th. Zacks Research upgraded shares of Robert Half from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. Finally, Weiss Ratings upgraded Robert Half from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, August 18th. Three investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $34.75.

Robert Half 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.