Unison Advisors LLC Purchases Shares of 27,257 Robert Half Inc. $RHI

Unison Advisors LLC acquired a new position in shares of Robert Half Inc. (NYSE:RHI) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 27,257 shares of the business services provider’s stock, valued at approximately $740,000.

Other large investors have also recently made changes to their positions in the company. AQR Capital Management LLC lifted its stake in 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 worth $254,560,000 after acquiring an additional 4,066,328 shares during the last quarter. Capital World Investors increased its position in shares of Robert Half by 460.5% in the 3rd quarter. Capital World Investors now owns 4,341,133 shares of the business services provider’s stock valued at $147,512,000 after purchasing an additional 3,566,645 shares during the last quarter. Qube Research & Technologies Ltd increased its position in shares of Robert Half by 1,478.6% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,145,456 shares of the business services provider’s stock valued at $47,021,000 after purchasing an additional 1,072,895 shares during the last quarter. Norges Bank acquired a new stake in shares of Robert Half in the 2nd quarter valued at $43,804,000. Finally, Pzena Investment Management LLC lifted its position in shares of Robert Half by 33.8% during the 3rd quarter. Pzena Investment Management LLC now owns 3,179,968 shares of the business services provider’s stock worth $108,055,000 after purchasing an additional 802,691 shares during the last quarter. 92.41% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Truist Financial boosted their target price on shares of Robert Half from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. Zacks Research upgraded Robert Half from a “strong sell” rating to a “hold” rating in a research note on Monday, February 2nd. Robert W. Baird set a $50.00 price target on Robert Half in a report on Friday, January 30th. JPMorgan Chase & Co. upped their price objective on Robert Half from $29.00 to $31.00 and gave the stock a “neutral” rating in a research report on Friday, January 30th. Finally, Barclays dropped their price objective on Robert Half from $36.00 to $25.00 and set an “equal weight” rating on the stock in a report on Friday, March 6th. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, Robert Half presently has a consensus rating of “Reduce” and an average target price of $31.75.

Robert Half Price Performance

NYSE RHI opened at $25.30 on Monday. The firm’s fifty day moving average price is $25.83 and its 200 day moving average price is $27.88. Robert Half Inc. has a 12 month low of $21.83 and a 12 month high of $53.32. The company has a market capitalization of $2.56 billion, a price-to-earnings ratio of 19.02 and a beta of 0.85.

Robert Half (NYSE:RHI) last announced its quarterly earnings results on Thursday, January 29th. The business services provider reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.02. The firm had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Robert Half had a net margin of 2.47% and a return on equity of 10.26%. Robert Half’s quarterly revenue was down 5.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.53 earnings per share. As a group, sell-side analysts forecast that Robert Half Inc. will post 2.48 earnings per share for the current year.

Robert Half Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Wednesday, February 25th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 9.3%. The ex-dividend date of this dividend was Wednesday, February 25th. Robert Half’s payout ratio is presently 177.44%.

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.