Sendero Wealth Management LLC Buys 1,321 Shares of Robert Half Inc. (NYSE:RHI)

Sendero Wealth Management LLC raised its stake in Robert Half Inc. (NYSE:RHI) by 13.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,844 shares of the business services provider’s stock after purchasing an additional 1,321 shares during the quarter. Sendero Wealth Management LLC’s holdings in Robert Half were worth $764,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Mawer Investment Management Ltd. raised its position in Robert Half by 28.9% in the 3rd quarter. Mawer Investment Management Ltd. now owns 4,681,340 shares of the business services provider’s stock valued at $315,569,000 after buying an additional 1,049,005 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Robert Half by 5.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,285,008 shares of the business services provider’s stock worth $221,442,000 after acquiring an additional 159,750 shares in the last quarter. Pacer Advisors Inc. grew its stake in shares of Robert Half by 54.7% in the 2nd quarter. Pacer Advisors Inc. now owns 1,628,919 shares of the business services provider’s stock worth $104,218,000 after acquiring an additional 575,879 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Robert Half by 101.0% in the second quarter. AQR Capital Management LLC now owns 1,564,247 shares of the business services provider’s stock valued at $99,439,000 after purchasing an additional 786,031 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Robert Half by 17.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,542,502 shares of the business services provider’s stock valued at $98,687,000 after purchasing an additional 231,129 shares in the last quarter. Institutional investors own 92.41% of the company’s stock.

Robert Half Stock Performance

RHI stock opened at $70.25 on Thursday. The company has a market capitalization of $7.25 billion, a price-to-earnings ratio of 25.64 and a beta of 1.24. The stock has a fifty day moving average of $72.61 and a 200-day moving average of $67.42. Robert Half Inc. has a fifty-two week low of $57.05 and a fifty-two week high of $83.25.

Robert Half (NYSE:RHI) last issued its earnings results on Tuesday, October 22nd. The business services provider reported $0.64 EPS for the quarter, topping the consensus estimate of $0.62 by $0.02. The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.44 billion. Robert Half had a return on equity of 18.78% and a net margin of 4.84%. The firm’s revenue was down 6.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.90 EPS. Equities analysts predict that Robert Half Inc. will post 2.45 EPS for the current year.

Robert Half Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, November 25th were issued a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date of this dividend was Monday, November 25th. Robert Half’s dividend payout ratio is currently 77.37%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Barclays raised shares of Robert Half from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $60.00 to $80.00 in a research report on Friday, January 3rd. BNP Paribas lowered Robert Half from an “outperform” rating to an “underperform” rating and set a $64.00 target price for the company. in a report on Monday, December 16th. Truist Financial upgraded Robert Half from a “hold” rating to a “buy” rating and lifted their price target for the stock from $62.00 to $90.00 in a report on Friday, December 13th. Finally, JPMorgan Chase & Co. reduced their price objective on Robert Half from $70.00 to $69.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $74.33.

Insider Transactions at Robert Half

In other Robert Half news, Director Dirk A. Kempthorne sold 1,032 shares of the business’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $74.35, for a total value of $76,729.20. Following the completion of the sale, the director now directly owns 12,310 shares of the company’s stock, valued at $915,248.50. The trade was a 7.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 3.00% of the company’s stock.

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.