UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 78,181 Shares of Robert Half Inc. $RHI

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in Robert Half Inc. (NYSE:RHI) by 16.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 384,686 shares of the business services provider’s stock after selling 78,181 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Robert Half were worth $11,810,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Navellier & Associates Inc. purchased a new position in shares of Robert Half during the 2nd quarter valued at about $879,000. Kingsview Wealth Management LLC bought a new stake in Robert Half in the 2nd quarter worth approximately $557,000. Beacon Pointe Advisors LLC purchased a new stake in Robert Half in the second quarter worth approximately $291,000. Empowered Funds LLC purchased a new stake in Robert Half in the second quarter worth approximately $319,000. Finally, United Capital Financial Advisors LLC bought a new position in Robert Half during the second quarter valued at approximately $498,000. 92.41% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

RHI has been the topic of several research reports. BMO Capital Markets raised shares of Robert Half from a “market perform” rating to an “outperform” rating and set a $47.00 price target on the stock in a research note on Monday, July 27th. The Goldman Sachs Group increased their target price on shares of Robert Half from $26.00 to $29.00 and gave the company a “sell” rating in a report on Friday, July 24th. Truist Financial lifted their target price on shares of Robert Half from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. Weiss Ratings raised shares of Robert Half from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, August 18th. Finally, Robert W. Baird set a $47.00 price target on shares of Robert Half in a research report on Monday, July 27th. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $34.75.

Robert Half Price Performance

Shares of Robert Half stock opened at $42.49 on Monday. The business’s 50 day simple moving average is $39.78 and its two-hundred day simple moving average is $31.29. The stock has a market capitalization of $4.35 billion, a P/E ratio of 36.95 and a beta of 0.81. Robert Half Inc. has a one year low of $21.83 and a one year high of $46.70.

Robert Half (NYSE:RHI) last announced its quarterly earnings data on Thursday, July 23rd. The business services provider reported $0.26 earnings per share for the quarter, meeting the consensus estimate of $0.26. The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.32 billion. Robert Half had a return on equity of 9.18% and a net margin of 2.17%.The business’s revenue was down 2.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.41 earnings per share. Sell-side analysts expect that Robert Half Inc. will post 1.27 earnings per share for the current fiscal year.

Robert Half Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, August 25th will be issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date is Tuesday, August 25th. Robert Half’s dividend payout ratio is currently 205.22%.

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.