Heartland Advisors Inc. Takes Position in Robert Half Inc. $RHI

Heartland Advisors Inc. purchased a new position in shares of Robert Half Inc. (NYSE:RHIFree Report) in the second quarter, Holdings Channel.com reports. The fund purchased 172,251 shares of the business services provider’s stock, valued at approximately $5,288,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Robert Half in the second quarter valued at about $34,000. Gilpin Wealth Management LLC acquired a new stake in Robert Half in the fourth quarter valued at approximately $27,000. Larson Financial Group LLC lifted its stake in shares of Robert Half by 321.0% in the 4th quarter. Larson Financial Group LLC now owns 1,002 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 764 shares during the last quarter. Danske Bank A S bought a new position in shares of Robert Half in the 3rd quarter valued at $37,000. Finally, Elevation Wealth Partners LLC boosted its holdings in shares of Robert Half by 605.6% during the 2nd quarter. Elevation Wealth Partners LLC now owns 1,136 shares of the business services provider’s stock valued at $35,000 after acquiring an additional 975 shares in the last quarter. 92.41% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Get Our Latest Analysis on Robert Half

Robert Half Stock Up 2.3%

Shares of NYSE:RHI opened at $44.87 on Friday. The firm has a market cap of $4.59 billion, a P/E ratio of 39.02 and a beta of 0.79. Robert Half Inc. has a 12-month low of $21.83 and a 12-month high of $45.83. The business has a fifty day simple moving average of $37.17 and a 200 day simple moving average of $30.23.

Robert Half (NYSE:RHIGet Free Report) last released its quarterly earnings results on Thursday, July 23rd. The business services provider reported $0.26 EPS for the quarter, meeting analysts’ consensus estimates of $0.26. The firm had revenue of $1.34 billion for 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%.The business’s revenue was down 2.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.41 EPS. As a group, equities research analysts expect that Robert Half Inc. will post 1.27 EPS for the current year.

Robert Half Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors 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 yield of 5.3%. Robert Half’s dividend payout ratio is presently 205.22%.

About Robert Half

(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

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

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