Navellier & Associates Inc. Takes $879,000 Position in Robert Half Inc. $RHI

Navellier & Associates Inc. acquired a new stake in shares of Robert Half Inc. (NYSE:RHIFree Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 28,627 shares of the business services provider’s stock, valued at approximately $879,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of RHI. Larson Financial Group LLC increased its holdings in shares of Robert Half by 321.0% in the fourth quarter. Larson Financial Group LLC now owns 1,002 shares of the business services provider’s stock worth $27,000 after purchasing an additional 764 shares during the period. Gilpin Wealth Management LLC purchased a new position in Robert Half during the fourth quarter worth about $27,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Robert Half in the 2nd quarter worth about $34,000. Elevation Wealth Partners LLC increased its stake in Robert Half by 605.6% in the 2nd 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 raised its holdings in shares of Robert Half by 94.3% in the 4th quarter. Fifth Third Bancorp now owns 1,368 shares of the business services provider’s stock valued at $37,000 after acquiring an additional 664 shares in the last quarter. Institutional investors own 92.41% of the company’s stock.

Robert Half Stock Up 0.8%

Shares of NYSE:RHI opened at $45.34 on Friday. The stock has a market cap of $4.64 billion, a PE ratio of 39.43 and a beta of 0.79. The company’s fifty day moving average is $38.47 and its 200 day moving average is $30.68. Robert Half Inc. has a 52 week low of $21.83 and a 52 week high of $46.70.

Robert Half (NYSE:RHIGet Free Report) last released its earnings results on Thursday, July 23rd. The business services provider reported $0.26 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.26. The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.32 billion. Robert Half had a return on equity of 9.18% and a net margin of 2.17%.Robert Half’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.41 EPS. Sell-side analysts anticipate that Robert Half Inc. will post 1.27 EPS for the current year.

Robert Half Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, August 25th will be issued a $0.59 dividend. The ex-dividend date is Tuesday, August 25th. This represents a $2.36 annualized dividend and a dividend yield of 5.2%. Robert Half’s dividend payout ratio (DPR) is currently 205.22%.

Analyst Ratings Changes

Several research analysts have recently commented on RHI shares. The Goldman Sachs Group boosted their price objective on Robert Half from $26.00 to $29.00 and gave the stock a “sell” rating in a report on Friday, July 24th. Zacks Research raised shares of Robert Half from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. Weiss Ratings upgraded shares of Robert Half from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, August 18th. Robert W. Baird set a $47.00 price objective on Robert Half in a research report on Monday, July 27th. Finally, BMO Capital Markets raised Robert Half from a “market perform” rating to an “outperform” rating and set a $47.00 price objective on the stock in a report on Monday, July 27th. Three investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Robert Half currently has an average rating of “Hold” and an average price target of $34.75.

Check Out Our Latest Analysis on Robert Half

Robert Half Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Robert Half (NYSE:RHI)

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