Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in Robert Half Inc. (NYSE:RHI – Free Report) in the 1st quarter, Holdings Channel.com reports. The institutional investor bought 141,937 shares of the business services provider’s stock, valued at approximately $3,605,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Larson Financial Group LLC lifted its holdings in shares of Robert Half by 321.0% during the fourth 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 during the last quarter. Gilpin Wealth Management LLC purchased a new stake in Robert Half during the 4th quarter valued at about $27,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Robert Half during the 2nd quarter valued at about $34,000. Danske Bank A S purchased a new position in Robert Half in the third quarter worth about $37,000. Finally, Fifth Third Bancorp raised its holdings in 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 buying an additional 664 shares during the last quarter. 92.41% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on RHI shares. Weiss Ratings upgraded shares of Robert Half from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, June 17th. Barclays decreased their target price on Robert Half from $36.00 to $25.00 and set an “equal weight” rating for the company in a research report on Friday, March 6th. William Blair upgraded shares of Robert Half from a “market perform” rating to an “outperform” rating in a research note on Tuesday, April 21st. Finally, Zacks Research downgraded shares of Robert Half from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 29th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, Robert Half currently has a consensus rating of “Reduce” and a consensus target price of $31.75.
Robert Half Stock Performance
RHI stock opened at $33.41 on Friday. The company has a market capitalization of $3.42 billion, a PE ratio of 25.70 and a beta of 0.82. The company’s fifty day moving average price is $29.03 and its 200-day moving average price is $27.42. Robert Half Inc. has a one year low of $21.83 and a one year high of $43.69.
Robert Half (NYSE:RHI – Get Free Report) last issued its quarterly earnings data on Thursday, April 23rd. The business services provider reported $0.14 EPS for the quarter, hitting analysts’ consensus estimates of $0.14. Robert Half had a net margin of 2.43% and a return on equity of 10.14%. The business had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same period last year, the company posted $0.17 EPS. The business’s revenue was down 3.8% on a year-over-year basis. On average, research analysts predict that Robert Half Inc. will post 1.29 EPS for the current fiscal year.
Robert Half Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 22nd were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 7.1%. The ex-dividend date was Friday, May 22nd. Robert Half’s dividend payout ratio (DPR) is presently 181.54%.
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.
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