Pallas Capital Advisors LLC acquired a new position in 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. The firm acquired 16,528 shares of the business services provider’s stock, valued at approximately $507,000.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Deutsche Bank AG purchased a new stake in Robert Half during the second quarter valued at about $476,000. Global Retirement Partners LLC purchased a new position in shares of Robert Half in the second quarter worth about $44,000. Bank of New York Mellon Corp purchased a new position in shares of Robert Half in the second quarter worth about $23,292,000. Focus Partners Advisor Solutions LLC bought a new stake in shares of Robert Half in the second quarter valued at approximately $496,000. Finally, State of Wyoming bought a new stake in shares of Robert Half in the second quarter valued at approximately $311,000. 92.41% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several research analysts recently commented on RHI shares. Weiss Ratings raised shares of Robert Half from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday. The Goldman Sachs Group increased their target price on Robert Half from $26.00 to $29.00 and gave the stock a “sell” rating in a research report on Friday, July 24th. BMO Capital Markets raised Robert Half from a “market perform” rating to an “outperform” rating and set a $47.00 price target for the company in a report on Monday, July 27th. Robert W. Baird set a $47.00 price target on Robert Half in a research report on Monday, July 27th. Finally, Truist Financial boosted their price objective on Robert Half from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. Three analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Robert Half currently has an average rating of “Hold” and a consensus target price of $34.75.
Robert Half Trading Down 0.4%
Shares of RHI opened at $43.59 on Thursday. The company has a market cap of $4.46 billion, a PE ratio of 37.90 and a beta of 0.79. The stock has a 50-day moving average price of $36.67 and a 200-day moving average price of $30.06. Robert Half Inc. has a 12-month low of $21.83 and a 12-month high of $45.32.
Robert Half (NYSE:RHI – Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The business services provider reported $0.26 EPS for the quarter, hitting the consensus estimate 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 was down 2.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.41 earnings per share. As a group, analysts predict that Robert Half Inc. will post 1.27 earnings per share for the current year.
Robert Half Announces Dividend
The business also recently declared 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 of this dividend is Tuesday, August 25th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 5.4%. Robert Half’s dividend payout ratio is presently 205.22%.
About Robert Half
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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