Burford Brothers Inc. Makes New Investment in Robert Half Inc. $RHI

Burford Brothers Inc. acquired a new position in Robert Half Inc. (NYSE:RHI) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 11,633 shares of the business services provider’s stock, valued at approximately $478,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Quarry LP raised its position in shares of Robert Half by 540.8% in the first quarter. Quarry LP now owns 487 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 411 shares during the period. Manchester Capital Management LLC raised its position in shares of Robert Half by 45.0% in the first quarter. Manchester Capital Management LLC now owns 825 shares of the business services provider’s stock valued at $45,000 after purchasing an additional 256 shares during the period. Allworth Financial LP raised its position in shares of Robert Half by 80.4% in the first quarter. Allworth Financial LP now owns 1,458 shares of the business services provider’s stock valued at $80,000 after purchasing an additional 650 shares during the period. Signaturefd LLC raised its position in shares of Robert Half by 286.5% in the first quarter. Signaturefd LLC now owns 1,685 shares of the business services provider’s stock valued at $92,000 after purchasing an additional 1,249 shares during the period. Finally, Parallel Advisors LLC raised its position in shares of Robert Half by 30.2% in the second quarter. Parallel Advisors LLC now owns 2,013 shares of the business services provider’s stock valued at $83,000 after purchasing an additional 467 shares during the period. Institutional investors own 92.41% of the company’s stock.

Robert Half Stock Performance

Shares of Robert Half stock opened at $31.33 on Friday. Robert Half Inc. has a 52-week low of $30.84 and a 52-week high of $78.41. The stock has a market capitalization of $3.19 billion, a price-to-earnings ratio of 17.90 and a beta of 1.02. The company has a fifty day moving average of $35.07 and a 200-day moving average of $40.67.

Robert Half (NYSE:RHI) last announced its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.01. Robert Half had a net margin of 3.20% and a return on equity of 13.00%. The company had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same quarter in the prior year, the company earned $0.66 EPS. The firm’s revenue was down 7.0% on a year-over-year basis. On average, equities research analysts forecast that Robert Half Inc. will post 2.48 earnings per share for the current fiscal year.

Robert Half Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, August 25th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 7.5%. The ex-dividend date was Monday, August 25th. Robert Half’s dividend payout ratio is currently 134.86%.

Wall Street Analysts Forecast Growth

RHI has been the topic of a number of analyst reports. Zacks Research lowered shares of Robert Half from a “hold” rating to a “strong sell” rating in a report on Monday, September 22nd. JPMorgan Chase & Co. decreased their target price on shares of Robert Half from $47.00 to $45.00 and set a “neutral” rating on the stock in a report on Thursday, July 24th. Truist Financial decreased their target price on shares of Robert Half from $55.00 to $50.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Robert Half in a report on Tuesday, October 14th. Finally, Wall Street Zen raised shares of Robert Half from a “sell” rating to a “hold” rating in a research note on Sunday, August 3rd. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, Robert Half has a consensus rating of “Reduce” and a consensus target price of $45.00.

Robert Half 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.