Robert Half Inc. (NYSE:RHI – Get Free Report) reached a new 52-week high on Friday . The stock traded as high as $44.47 and last traded at $43.1850, with a volume of 36392 shares traded. The stock had previously closed at $43.78.
Wall Street Analyst Weigh In
A number of research firms have recently commented on RHI. The Goldman Sachs Group upped their price objective on shares of Robert Half from $26.00 to $29.00 and gave the company a “sell” rating in a research note on Friday, July 24th. Weiss Ratings raised shares of Robert Half from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, June 17th. William Blair raised shares of Robert Half from a “market perform” rating to an “outperform” rating in a research note on Tuesday, April 21st. Robert W. Baird set a $47.00 price objective on Robert Half in a report on Monday, July 27th. Finally, Truist Financial lifted their target price on Robert Half from $40.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $34.75.
Read Our Latest Analysis on Robert Half
Robert Half Stock Performance
Robert Half (NYSE:RHI – Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The business services provider reported $0.26 EPS for the quarter, hitting analysts’ consensus estimates of $0.26. Robert Half had a return on equity of 9.18% and a net margin of 2.17%.The company had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the previous year, the firm posted $0.41 earnings per share. The firm’s quarterly revenue was down 2.4% on a year-over-year basis. On average, analysts predict that Robert Half Inc. will post 1.29 EPS for the current year.
Robert Half Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, August 25th will be issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date is Tuesday, August 25th. Robert Half’s dividend payout ratio is currently 205.22%.
Institutional Trading of Robert Half
Hedge funds have recently made changes to their positions in the company. Larson Financial Group LLC grew its holdings in Robert Half by 321.0% during the 4th quarter. Larson Financial Group LLC now owns 1,002 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 764 shares in the last quarter. Gilpin Wealth Management LLC purchased a new position in Robert Half in the 4th quarter valued at about $27,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Robert Half during the second quarter valued at about $34,000. Elevation Wealth Partners LLC increased its position in shares of Robert Half by 605.6% during the second quarter. Elevation Wealth Partners LLC now owns 1,136 shares of the business services provider’s stock worth $35,000 after acquiring an additional 975 shares during the last quarter. Finally, Fifth Third Bancorp lifted its stake in shares of Robert Half by 94.3% in the fourth quarter. Fifth Third Bancorp now owns 1,368 shares of the business services provider’s stock worth $37,000 after acquiring an additional 664 shares in the last quarter. Hedge funds and other institutional investors own 92.41% of the company’s stock.
Robert Half Company 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.
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