Callan Family Office LLC Makes New $359,000 Investment in Robert Half Inc. $RHI

Callan Family Office LLC bought a new stake in shares of Robert Half Inc. (NYSE:RHI) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 11,683 shares of the business services provider’s stock, valued at approximately $359,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Royal Bank of Canada grew its stake in Robert Half by 19.3% in the first quarter. Royal Bank of Canada now owns 38,352 shares of the business services provider’s stock valued at $2,092,000 after acquiring an additional 6,212 shares during the period. Jones Financial Companies Lllp raised its holdings in Robert Half by 498.7% during the first quarter. Jones Financial Companies Lllp now owns 6,813 shares of the business services provider’s stock worth $372,000 after buying an additional 5,675 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in Robert Half by 2.5% during the first quarter. Goldman Sachs Group Inc. now owns 304,359 shares of the business services provider’s stock worth $16,603,000 after buying an additional 7,523 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of Robert Half by 91.8% in the first quarter. Empowered Funds LLC now owns 55,719 shares of the business services provider’s stock valued at $3,039,000 after buying an additional 26,672 shares in the last quarter. Finally, Sivia Capital Partners LLC lifted its stake in shares of Robert Half by 94.6% in the second quarter. Sivia Capital Partners LLC now owns 8,098 shares of the business services provider’s stock valued at $332,000 after buying an additional 3,937 shares in the last quarter. 92.41% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on RHI shares. BMO Capital Markets upgraded 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. Weiss Ratings raised Robert Half from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, August 18th. Truist Financial raised their price objective on Robert Half from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. The Goldman Sachs Group lifted their price objective on shares of Robert Half from $26.00 to $29.00 and gave the stock a “sell” rating in a report on Friday, July 24th. Finally, Zacks Research upgraded shares of Robert Half from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. Three equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $34.75.

Robert Half Trading Down 0.9%

RHI stock opened at $44.50 on Thursday. The stock’s fifty day simple moving average is $37.93 and its two-hundred day simple moving average is $30.48. Robert Half Inc. has a 1-year low of $21.83 and a 1-year high of $46.70. The stock has a market cap of $4.56 billion, a P/E ratio of 38.70 and a beta of 0.79.

Robert Half (NYSE:RHI) last posted its quarterly earnings results 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 company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.32 billion. Robert Half had a net margin of 2.17% and a return on equity of 9.18%. The firm’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.41 earnings per share. As a group, analysts forecast that Robert Half Inc. will post 1.27 earnings per share for the current fiscal year.

Robert Half Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, August 25th will be issued a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, August 25th. This represents a $2.36 annualized dividend and a yield of 5.3%. Robert Half’s dividend payout ratio (DPR) is 205.22%.

About Robert Half

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.