International Assets Investment Management LLC Purchases 797 Shares of Robert Half Inc. (NYSE:RHI)

International Assets Investment Management LLC raised its holdings in Robert Half Inc. (NYSE:RHI) by 6,641.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 809 shares of the business services provider’s stock after acquiring an additional 797 shares during the period. International Assets Investment Management LLC’s holdings in Robert Half were worth $55,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. raised its position in Robert Half by 77.0% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 67,873 shares of the business services provider’s stock valued at $5,313,000 after purchasing an additional 29,537 shares during the last quarter. Fidelis Capital Partners LLC bought a new stake in Robert Half during the 1st quarter valued at $26,000. Daiwa Securities Group Inc. grew its stake in shares of Robert Half by 11.6% in the 1st quarter. Daiwa Securities Group Inc. now owns 10,539 shares of the business services provider’s stock worth $836,000 after acquiring an additional 1,093 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its position in shares of Robert Half by 8.3% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 7,015 shares of the business services provider’s stock valued at $556,000 after purchasing an additional 538 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of Robert Half in the 1st quarter worth approximately $1,686,000. 92.41% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Robert Half Stock Performance

Shares of Robert Half stock opened at $75.80 on Friday. The stock has a market capitalization of $7.83 billion, a P/E ratio of 27.66 and a beta of 1.23. Robert Half Inc. has a 52-week low of $57.05 and a 52-week high of $88.39. The stock’s 50-day simple moving average is $66.34 and its 200 day simple moving average is $65.53.

Robert Half (NYSE:RHI) last posted its earnings results on Tuesday, October 22nd. The business services provider reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.02. The firm had revenue of $1.47 billion during 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%. The company’s revenue was down 6.3% on a year-over-year basis. During the same quarter last year, the company earned $0.90 earnings per share. Equities research analysts forecast that Robert Half Inc. will post 2.46 EPS 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 dividend yield of 2.80%. Robert Half’s dividend payout ratio is currently 77.37%.

Robert Half Company Profile

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.