Kera Capital Partners Inc. Acquires Shares of 3,294 Robert Half Inc. (NYSE:RHI)

Kera Capital Partners Inc. bought a new stake in Robert Half Inc. (NYSE:RHI) during the fourth quarter, HoldingsChannel.com reports. The firm bought 3,294 shares of the business services provider’s stock, valued at approximately $232,000.

Several other hedge funds and other institutional investors also recently modified their holdings of RHI. V Square Quantitative Management LLC bought a new stake in shares of Robert Half during the 3rd quarter worth $27,000. Private Trust Co. NA raised its stake in Robert Half by 79.7% during the third quarter. Private Trust Co. NA now owns 433 shares of the business services provider’s stock worth $29,000 after acquiring an additional 192 shares in the last quarter. Reston Wealth Management LLC bought a new position in shares of Robert Half in the third quarter worth about $34,000. Eastern Bank acquired a new stake in shares of Robert Half in the 4th quarter valued at approximately $35,000. Finally, GAMMA Investing LLC boosted its stake in shares of Robert Half by 35.6% in the 3rd quarter. GAMMA Investing LLC now owns 682 shares of the business services provider’s stock valued at $46,000 after purchasing an additional 179 shares in the last quarter. Institutional investors own 92.41% of the company’s stock.

Insider Activity at Robert Half

In other news, Director Dirk A. Kempthorne sold 1,032 shares of the business’s stock in a transaction that occurred 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 transaction, the director now owns 12,310 shares in the company, valued at approximately $915,248.50. The trade was a 7.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

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

Robert Half Stock Performance

RHI stock opened at $70.85 on Friday. Robert Half Inc. has a 52-week low of $57.05 and a 52-week high of $83.25. The company has a market capitalization of $7.31 billion, a P/E ratio of 25.86 and a beta of 1.24. The company has a fifty day moving average price of $72.41 and a 200-day moving average price of $67.52.

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

Robert Half Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, November 25th were issued a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 2.99%. The ex-dividend date was Monday, November 25th. Robert Half’s payout ratio is presently 77.37%.

About Robert Half

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.