Alpha Omega Wealth Management LLC Has $4.43 Million Position in Robert Half Inc. $RHI

Alpha Omega Wealth Management LLC boosted its stake in Robert Half Inc. (NYSE:RHI) by 24.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 163,173 shares of the business services provider’s stock after acquiring an additional 31,786 shares during the period. Alpha Omega Wealth Management LLC owned 0.16% of Robert Half worth $4,432,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Oak Thistle LLC boosted its holdings in Robert Half by 71.5% in the fourth quarter. Oak Thistle LLC now owns 36,703 shares of the business services provider’s stock valued at $997,000 after acquiring an additional 15,304 shares during the last quarter. Unison Advisors LLC bought a new stake in Robert Half in the fourth quarter valued at approximately $740,000. Signaturefd LLC boosted its holdings in Robert Half by 398.2% in the fourth quarter. Signaturefd LLC now owns 12,180 shares of the business services provider’s stock valued at $331,000 after acquiring an additional 9,735 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in Robert Half in the fourth quarter valued at approximately $278,000. Finally, Pallas Capital Advisors LLC boosted its holdings in Robert Half by 19.5% in the fourth quarter. Pallas Capital Advisors LLC now owns 21,216 shares of the business services provider’s stock valued at $576,000 after acquiring an additional 3,458 shares during the last quarter. 92.41% of the stock is currently owned by institutional investors.

Robert Half Stock Performance

Robert Half stock opened at $24.71 on Friday. The stock has a market capitalization of $2.50 billion, a price-to-earnings ratio of 18.58 and a beta of 0.85. Robert Half Inc. has a 52-week low of $21.83 and a 52-week high of $50.55. The stock’s 50 day moving average price is $25.58 and its two-hundred day moving average price is $27.69.

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

Robert Half Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Wednesday, February 25th were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 9.6%. The ex-dividend date was Wednesday, February 25th. Robert Half’s dividend payout ratio (DPR) is currently 177.44%.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. JPMorgan Chase & Co. upped their target price on Robert Half from $29.00 to $31.00 and gave the company a “neutral” rating in a report on Friday, January 30th. BMO Capital Markets reduced their target price on Robert Half from $35.00 to $32.00 and set a “market perform” rating on the stock in a report on Tuesday, February 17th. Weiss Ratings reiterated a “sell (d)” rating on shares of Robert Half in a report on Monday, December 29th. Barclays reduced their target price 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. Finally, Truist Financial increased their price target on Robert Half from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, January 30th. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $31.75.

Robert Half Profile

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.