Mirae Asset Global Investments Co. Ltd. Buys 96,585 Shares of Robert Half Inc. $RHI

Mirae Asset Global Investments Co. Ltd. purchased a new stake in Robert Half Inc. (NYSE:RHI) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 96,585 shares of the business services provider’s stock, valued at approximately $3,549,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Aviance Capital Partners LLC raised its holdings in shares of Robert Half by 7.1% during the third quarter. Aviance Capital Partners LLC now owns 34,960 shares of the business services provider’s stock valued at $1,285,000 after acquiring an additional 2,317 shares during the period. ProShare Advisors LLC purchased a new stake in shares of Robert Half in the third quarter valued at $8,927,000. Vise Technologies Inc. boosted its position in shares of Robert Half by 8.4% in the third quarter. Vise Technologies Inc. now owns 32,044 shares of the business services provider’s stock worth $1,178,000 after buying an additional 2,488 shares during the period. Unison Advisors LLC boosted its position in shares of Robert Half by 1.8% in the third quarter. Unison Advisors LLC now owns 28,378 shares of the business services provider’s stock worth $1,043,000 after buying an additional 507 shares during the period. Finally, MGO One Seven LLC grew its holdings in shares of Robert Half by 2.0% during the third quarter. MGO One Seven LLC now owns 13,924 shares of the business services provider’s stock valued at $512,000 after buying an additional 275 shares in the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.

Analyst Ratings Changes

RHI has been the subject of several research analyst reports. Zacks Research raised Robert Half from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. Truist Financial increased their price target 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. Robert W. Baird set a $53.00 price target on shares of Robert Half in a report on Friday, October 23rd. Weiss Ratings raised shares of Robert Half from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, October 23rd. Finally, The Goldman Sachs Group increased their target price on shares of Robert Half from $29.00 to $33.00 and gave the stock a “sell” rating in a research report on Friday, October 23rd. Three investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $40.75.

Robert Half Trading Down 3.0%

RHI stock traded down $1.29 during mid-day trading on Friday, hitting $41.70. The stock had a trading volume of 1,316,080 shares, compared to its average volume of 2,299,400. Robert Half Inc. has a 1-year low of $21.83 and a 1-year high of $47.14. The company has a fifty day moving average of $38.66 and a 200 day moving average of $32.62. The stock has a market capitalization of $4.27 billion, a price-to-earnings ratio of 34.46 and a beta of 0.76.

Robert Half (NYSE:RHI) last announced its quarterly earnings results on Thursday, October 22nd. The business services provider reported $0.49 EPS for the quarter, beating the consensus estimate of $0.47 by $0.02. Robert Half had a return on equity of 9.89% and a net margin of 2.30%. The business had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter in the previous year, the business posted $0.43 EPS. The firm’s quarterly revenue was up .4% compared to the same quarter last year. As a group, sell-side analysts expect that Robert Half Inc. will post 1.29 earnings per share for the current fiscal year.

Robert Half Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Wednesday, November 25th will be paid a dividend of $0.59 per share. The ex-dividend date is Wednesday, November 25th. This represents a $2.36 annualized dividend and a yield of 5.7%. Robert Half’s dividend payout ratio is presently 195.04%.

Robert Half Company Profile

Robert Half Inc (NYSE: RHI) is a global talent solutions and business consulting company. Through its Robert Half brand, the company provides temporary, project-based and permanent staffing services, connecting employers with professionals in accounting and finance, administrative and customer support, technology, legal, and marketing and creative fields.

Robert Half also operates Protiviti, a global consulting firm that helps organizations address internal audit, risk and compliance, technology, business performance, and digital transformation challenges.