Proficio Capital Partners LLC bought a new stake in shares of Robert Half Inc. (NYSE:RHI – Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 12,611 shares of the business services provider’s stock, valued at approximately $387,000.
A number of other hedge funds have also recently made changes to their positions in the stock. Royal Bank of Canada grew its stake in shares of Robert Half by 19.3% in the 1st quarter. Royal Bank of Canada now owns 38,352 shares of the business services provider’s stock worth $2,092,000 after buying an additional 6,212 shares during the last quarter. Jones Financial Companies Lllp raised its stake in Robert Half by 498.7% during the first quarter. Jones Financial Companies Lllp now owns 6,813 shares of the business services provider’s stock valued at $372,000 after buying an additional 5,675 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Robert Half by 2.5% during the first quarter. Goldman Sachs Group Inc. now owns 304,359 shares of the business services provider’s stock valued at $16,603,000 after buying an additional 7,523 shares during the last quarter. Empowered Funds LLC boosted its holdings in Robert Half by 91.8% in the first quarter. Empowered Funds LLC now owns 55,719 shares of the business services provider’s stock worth $3,039,000 after acquiring an additional 26,672 shares in the last quarter. Finally, Sivia Capital Partners LLC boosted its holdings in Robert Half by 94.6% in the second quarter. Sivia Capital Partners LLC now owns 8,098 shares of the business services provider’s stock worth $332,000 after acquiring an additional 3,937 shares in the last quarter. 92.41% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on RHI. Truist Financial raised their price target on Robert Half from $40.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. Robert W. Baird set a $47.00 price target on shares of Robert Half in a research note on Monday, July 27th. Zacks Research raised shares of Robert Half from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. Weiss Ratings upgraded shares of Robert Half from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, August 18th. Finally, The Goldman Sachs Group lifted their target price on shares of Robert Half from $26.00 to $29.00 and gave the stock a “sell” rating in a report on Friday, July 24th. Three investment analysts have rated the stock with a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $34.75.
Robert Half Stock Up 0.9%
Shares of NYSE RHI opened at $44.94 on Friday. The firm’s 50-day moving average price is $38.20 and its 200-day moving average price is $30.57. Robert Half Inc. has a 52-week low of $21.83 and a 52-week high of $46.70. The company has a market cap of $4.60 billion, a PE ratio of 39.08 and a beta of 0.79.
Robert Half (NYSE:RHI – Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The business services provider reported $0.26 earnings per share for the quarter, meeting the consensus estimate of $0.26. The firm had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Robert Half had a net margin of 2.17% and a return on equity of 9.18%. The firm’s quarterly revenue was down 2.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.41 earnings per share. As a group, equities research analysts anticipate that Robert Half Inc. will post 1.27 EPS for the current fiscal year.
Robert Half Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, August 25th will be given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date of this dividend is Tuesday, August 25th. Robert Half’s payout ratio is 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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