Hsbc Holdings PLC bought a new stake in Robert Half Inc. (NYSE:RHI – Free Report) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 41,057 shares of the business services provider’s stock, valued at approximately $1,252,000.
A number of other hedge funds and other institutional investors also recently bought and sold shares of RHI. Larson Financial Group LLC boosted its position in shares of 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 worth $27,000 after acquiring an additional 764 shares in the last quarter. Gilpin Wealth Management LLC acquired a new stake in shares of Robert Half during the 4th quarter worth about $27,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Robert Half during the 2nd quarter worth about $34,000. Elevation Wealth Partners LLC lifted its stake in 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 purchasing an additional 975 shares during the last quarter. Finally, Fifth Third Bancorp lifted its stake in Robert Half by 94.3% during the fourth quarter. Fifth Third Bancorp now owns 1,368 shares of the business services provider’s stock worth $37,000 after purchasing an additional 664 shares during the last quarter. 92.41% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on the company. The Goldman Sachs Group upped 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. Zacks Research raised shares of Robert Half from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. BMO Capital Markets upgraded shares of Robert Half from a “market perform” rating to an “outperform” rating and set a $47.00 price objective for the company in a research report on Monday, July 27th. Truist Financial upped their target price on shares of Robert Half from $40.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. Finally, Robert W. Baird set a $47.00 target price on Robert Half in a research report on Monday, July 27th. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $34.75.
Robert Half Trading Down 0.2%
NYSE:RHI opened at $45.20 on Tuesday. The firm has a market cap of $4.63 billion, a P/E ratio of 39.30 and a beta of 0.79. The stock’s 50 day simple moving average is $38.79 and its 200-day simple moving average is $30.80. Robert Half Inc. has a 12-month low of $21.83 and a 12-month high of $46.70.
Robert Half (NYSE:RHI – Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The business services provider reported $0.26 earnings per share for the quarter, hitting the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.32 billion. During the same period last year, the company earned $0.41 earnings per share. The company’s revenue for the quarter was down 2.4% on a year-over-year basis. Research analysts forecast that Robert Half Inc. will post 1.27 EPS for the current fiscal year.
Robert Half Dividend Announcement
The company also recently disclosed 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 presently 205.22%.
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.
See Also
- Five stocks we like better than Robert Half
- Securing AI: 5 Most-Upgraded Stocks From the Q2 Reporting Season
- Insiders Are Betting Big on These 3 Healthcare Stocks
- 3 Stocks for Investors Who Still Believe Cash Is King
- Dollar General and Dollar Tree Are Recovering, But Not for the Same Reason
Want to see what other hedge funds are holding RHI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Robert Half Inc. (NYSE:RHI – Free Report).
Receive News & Ratings for Robert Half Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Robert Half and related companies with MarketBeat.com's FREE daily email newsletter.
