417,518 Shares in Robert Half Inc. $RHI Bought by Ieq Capital LLC

Key Points

• Ieq Capital LLC acquired 417,518 shares of Robert Half, valued at approximately $12.8 million, giving it a 0.41% stake. Institutional investors collectively own 92.41% of the company.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $34.75, despite recent upgrades and targets as high as $50.
• Robert Half reported quarterly EPS of $0.26, in line with estimates, while revenue reached $1.34 billion but declined 2.4% year over year. The company also declared a $0.59 quarterly dividend, representing a 5.3% yield.

Ieq Capital LLC acquired a new stake in Robert Half Inc. (NYSE:RHI - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 417,518 shares of the business services provider's stock, valued at approximately $12,818,000. Ieq Capital LLC owned 0.41% of Robert Half at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. Callan Family Office LLC bought a new position in shares of Robert Half during the second quarter worth about $359,000. Heartland Advisors Inc. acquired a new position in shares of Robert Half during the 2nd quarter valued at $5,288,000. Allworth Financial LP acquired a new position in shares of Robert Half during the second quarter valued at about $616,000. Vise Technologies Inc. bought a new position in Robert Half in the second quarter worth approximately $907,000. Finally, Pzena Investment Management LLC bought a new position in shares of Robert Half in the 2nd quarter worth $191,025,000. 92.41% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on RHI shares. BMO Capital Markets upgraded shares of Robert Half from a "market perform" rating to an "outperform" rating and set a $47.00 price objective for the company in a report on Monday, July 27th. Robert W. Baird set a $47.00 target price on shares of Robert Half in a report on Monday, July 27th. Zacks Research upgraded Robert Half from a "strong sell" rating to a "hold" rating in a research note on Tuesday, July 14th. Truist Financial boosted their price objective on Robert Half from $40.00 to $50.00 and gave the stock a "buy" rating in a report on Wednesday, July 22nd. Finally, Weiss Ratings raised Robert Half from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Tuesday. 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 company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $34.75.

Robert Half Stock Up 2.3%

Robert Half stock opened at $44.87 on Friday. Robert Half Inc. has a twelve month low of $21.83 and a twelve month high of $45.83. The firm has a 50 day moving average price of $37.17 and a 200-day moving average price of $30.23. The company has a market capitalization of $4.59 billion, a P/E ratio of 39.02 and a beta of 0.79.

Robert Half (NYSE:RHI - Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The business services provider reported $0.26 earnings per share (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 net margin of 2.17% and a return on equity of 9.18%. Robert Half's quarterly revenue was down 2.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.41 EPS. Equities analysts expect that Robert Half Inc. will post 1.27 EPS for the current fiscal year.

Robert Half Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, August 25th will be issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 5.3%. The ex-dividend date of this dividend is Tuesday, August 25th. Robert Half's dividend payout ratio is 205.22%.

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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