28,114 Shares in Robert Half Inc. $RHI Bought by Public Employees Retirement System of Ohio

Key Points

• Ohio’s Public Employees Retirement System purchased 28,114 shares of Robert Half, valued at approximately $863,000, during the second quarter. Institutional investors collectively own 92.41% of the company.
• Robert Half reported quarterly revenue of $1.34 billion and earnings of $0.26 per share, matching analyst expectations, while revenue declined 2.4% year over year.
• The company declared a quarterly dividend of $0.59 per share, equivalent to a 6.1% annualized yield. Analysts remain divided, with a consensus “Hold” rating and an average price target of $34.75.

Public Employees Retirement System of Ohio bought a new position in shares of Robert Half Inc. (NYSE:RHI - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 28,114 shares of the business services provider's stock, valued at approximately $863,000.

Other institutional investors have also added to or reduced their stakes in the company. Royal Bank of Canada grew its holdings in shares of Robert Half by 19.3% during the first quarter. Royal Bank of Canada now owns 38,352 shares of the business services provider's stock worth $2,092,000 after purchasing an additional 6,212 shares in the last quarter. Jones Financial Companies Lllp lifted its position 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 purchasing an additional 5,675 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in Robert Half by 2.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 304,359 shares of the business services provider's stock worth $16,603,000 after buying an additional 7,523 shares in the last quarter. Empowered Funds LLC raised its position in shares of Robert Half by 91.8% during the 1st quarter. Empowered Funds LLC now owns 55,719 shares of the business services provider's stock valued at $3,039,000 after buying an additional 26,672 shares in the last quarter. Finally, Sivia Capital Partners LLC lifted its holdings in shares of Robert Half by 94.6% during the 2nd 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 during the last quarter. 92.41% of the stock is currently owned by institutional investors.

Robert Half Trading Down 1.7%

Shares of Robert Half stock opened at $38.55 on Thursday. Robert Half Inc. has a 12 month low of $21.83 and a 12 month high of $46.70. The firm has a market capitalization of $3.95 billion, a P/E ratio of 33.52 and a beta of 0.81. The business has a fifty day simple moving average of $40.26 and a two-hundred day simple moving average of $31.59.

Robert Half (NYSE:RHI - Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The business services provider reported $0.26 earnings per share for the quarter, hitting analysts' consensus estimates of $0.26. Robert Half had a net margin of 2.17% and a return on equity of 9.18%. The business had revenue of $1.34 billion for the quarter, compared to analysts' expectations of $1.32 billion. During the same quarter in the prior year, the company earned $0.41 earnings per share. The business's revenue was down 2.4% compared to the same quarter last year. Analysts predict that Robert Half Inc. will post 1.27 earnings per share for the current year.

Robert Half Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, August 25th will be paid a dividend of $0.59 per share. The ex-dividend date is Tuesday, August 25th. This represents a $2.36 dividend on an annualized basis and a yield of 6.1%. Robert Half's payout ratio is presently 205.22%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Zacks Research raised Robert Half from a "strong sell" rating to a "hold" rating in a report on Tuesday, July 14th. Robert W. Baird set a $47.00 price objective on shares of Robert Half in a research note on Monday, July 27th. Truist Financial lifted their target price on shares of Robert Half from $40.00 to $50.00 and gave the stock a "buy" rating in a research report on Wednesday, July 22nd. BMO Capital Markets raised Robert Half from a "market perform" rating to an "outperform" rating and set a $47.00 price objective on the stock in a research note on Monday, July 27th. Finally, The Goldman Sachs Group boosted their target price on Robert Half from $26.00 to $29.00 and gave the company a "sell" rating in a research note on Friday, July 24th. Three investment analysts have rated the stock with a Buy rating, four have given a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $34.75.

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.

Want to see what other hedge funds are holding RHI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Robert Half Inc. (NYSE:RHI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.