Corient Private Wealth LP bought a new position in shares of Robert Half Inc. (NYSE:RHI – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 509,684 shares of the business services provider’s stock, valued at approximately $15,647,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in Robert Half in the second quarter valued at $409,875,000. Pzena Investment Management LLC purchased a new position in shares of Robert Half during the 2nd quarter valued at about $191,025,000. AQR Capital Management LLC raised its stake in shares of Robert Half by 190.5% during the 2nd quarter. AQR Capital Management LLC now owns 6,201,209 shares of the business services provider’s stock valued at $254,560,000 after buying an additional 4,066,328 shares during the last quarter. Capital World Investors lifted its holdings in shares of Robert Half by 36.0% in the 4th quarter. Capital World Investors now owns 5,902,279 shares of the business services provider’s stock valued at $160,306,000 after buying an additional 1,561,146 shares during the period. Finally, Brickwood Asset Management LLP acquired a new position in shares of Robert Half in the 4th quarter valued at about $34,908,000. 92.41% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
RHI has been the topic of a number of recent research reports. Truist Financial upped their target price on Robert Half from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. BMO Capital Markets upgraded Robert Half from a “market perform” rating to an “outperform” rating and set a $47.00 price target for the company in a research report on Monday, July 27th. The Goldman Sachs Group boosted their price target on Robert Half from $26.00 to $29.00 and gave the company a “sell” rating in a report on Friday, July 24th. Weiss Ratings upgraded Robert Half from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, August 18th. Finally, Robert W. Baird set a $47.00 price objective on shares of Robert Half in a research note on Monday, July 27th. Three research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $34.75.
Robert Half Stock Performance
Shares of Robert Half stock opened at $45.34 on Friday. The firm has a 50-day simple moving average of $38.47 and a two-hundred day simple moving average of $30.68. The company has a market cap of $4.64 billion, a P/E ratio of 39.43 and a beta of 0.79. Robert Half Inc. has a fifty-two week low of $21.83 and a fifty-two week high of $46.70.
Robert Half (NYSE:RHI – Get Free Report) last posted its earnings results on Thursday, July 23rd. The business services provider reported $0.26 EPS for the quarter, meeting analysts’ consensus estimates of $0.26. Robert Half had a return on equity of 9.18% and a net margin of 2.17%.The firm had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same period last year, the firm earned $0.41 EPS. The company’s quarterly revenue was down 2.4% on a year-over-year basis. Equities research analysts forecast that Robert Half Inc. will post 1.27 EPS for the current year.
Robert Half Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, August 25th will be given a dividend of $0.59 per share. The ex-dividend date is Tuesday, August 25th. This represents a $2.36 dividend on an annualized basis and a yield of 5.2%. Robert Half’s dividend payout ratio is currently 205.22%.
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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