Bank of America Corp DE Sells 231,908 Shares of Robert Half Inc. $RHI

Bank of America Corp DE decreased its holdings in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 36.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 404,360 shares of the business services provider's stock after selling 231,908 shares during the quarter. Bank of America Corp DE owned about 0.40% of Robert Half worth $10,271,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Royal Bank of Canada lifted 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 valued at $2,092,000 after purchasing an additional 6,212 shares during the period. Jones Financial Companies Lllp boosted its position in shares of Robert Half by 498.7% in the 1st quarter. Jones Financial Companies Lllp now owns 6,813 shares of the business services provider's stock worth $372,000 after purchasing an additional 5,675 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of 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 worth $16,603,000 after purchasing an additional 7,523 shares during the period. Empowered Funds LLC grew its stake in shares of Robert Half by 91.8% during the first quarter. Empowered Funds LLC now owns 55,719 shares of the business services provider's stock worth $3,039,000 after purchasing an additional 26,672 shares during the period. Finally, Sivia Capital Partners LLC increased 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 valued at $332,000 after purchasing an additional 3,937 shares during the last quarter. 92.41% of the stock is owned by institutional investors.

Robert Half Trading Up 0.3%

Shares of Robert Half stock opened at $44.87 on Monday. The stock's fifty day simple moving average is $37.17 and its 200 day simple moving average is $30.20. The company has a market capitalization of $4.59 billion, a PE 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.

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

Robert Half Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, August 25th will be paid 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 yield of 5.3%. Robert Half's payout ratio is presently 205.22%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on RHI shares. The Goldman Sachs Group increased 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. Truist Financial upped their price target on Robert Half from $40.00 to $50.00 and gave the company a "buy" rating in a research note on Wednesday, July 22nd. Zacks Research raised Robert Half from a "strong sell" rating to a "hold" rating in a research note on Tuesday, July 14th. BMO Capital Markets upgraded shares of Robert Half from a "market perform" rating to an "outperform" rating and set a $47.00 price target on the stock in a research report on Monday, July 27th. Finally, Weiss Ratings raised shares of Robert Half from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Tuesday, August 18th. Three investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company 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.

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