Louisiana State Employees Retirement System acquired a new stake in Robert Half Inc. (NYSE:RHI – Free Report) during the 1st quarter, Holdings Channel reports. The institutional investor acquired 44,100 shares of the business services provider’s stock, valued at approximately $1,120,000.
A number of other institutional investors have also modified their holdings of the company. Larson Financial Group LLC raised its holdings in 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 valued at $27,000 after buying an additional 764 shares during the period. Gilpin Wealth Management LLC acquired a new stake in shares of Robert Half in the fourth quarter worth $27,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Robert Half in the second quarter worth $34,000. Fifth Third Bancorp increased its position 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. Finally, Danske Bank A S purchased a new position in shares of Robert Half in the 3rd quarter valued at $37,000. Hedge funds and other institutional investors own 92.41% of the company’s stock.
Robert Half Stock Down 0.2%
NYSE RHI opened at $33.41 on Friday. Robert Half Inc. has a fifty-two week low of $21.83 and a fifty-two week high of $43.69. The business has a 50 day moving average price of $29.03 and a two-hundred day moving average price of $27.42. The stock has a market cap of $3.42 billion, a PE ratio of 25.70 and a beta of 0.82.
Robert Half Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 22nd were paid a dividend of $0.59 per share. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $2.36 annualized dividend and a yield of 7.1%. Robert Half’s payout ratio is 181.54%.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on RHI shares. Zacks Research lowered shares of Robert Half from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 29th. William Blair raised Robert Half from a “market perform” rating to an “outperform” rating in a research report on Tuesday, April 21st. Finally, Weiss Ratings upgraded Robert Half from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, June 17th. 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 MarketBeat.com, Robert Half has an average rating of “Reduce” and a consensus price target of $31.75.
Check Out Our Latest Report on Robert Half
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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