Canada Pension Plan Investment Board Makes New Investment in Robert Half Inc. $RHI

Canada Pension Plan Investment Board purchased a new stake in shares of Robert Half Inc. (NYSE:RHI - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 217,000 shares of the business services provider's stock, valued at approximately $6,662,000. Canada Pension Plan Investment Board owned 0.21% of Robert Half as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in RHI. 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 worth $27,000 after purchasing an additional 764 shares during the period. Gilpin Wealth Management LLC bought a new stake in Robert Half during the fourth quarter valued at approximately $27,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Robert Half during the second quarter valued at approximately $34,000. Elevation Wealth Partners LLC increased its holdings in Robert Half by 605.6% during the second quarter. Elevation Wealth Partners LLC now owns 1,136 shares of the business services provider's stock valued at $35,000 after buying an additional 975 shares during the last quarter. Finally, Fifth Third Bancorp increased its holdings in Robert Half by 94.3% during the fourth quarter. Fifth Third Bancorp now owns 1,368 shares of the business services provider's stock valued at $37,000 after buying an additional 664 shares during the last quarter. 92.41% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

RHI has been the topic of several recent research reports. Zacks Research upgraded shares of Robert Half from a "strong sell" rating to a "hold" rating in a research report on Tuesday, July 14th. Truist Financial upped their price objective on Robert Half from $40.00 to $50.00 and gave the stock a "buy" rating in a research note on Wednesday, July 22nd. The Goldman Sachs Group upped their price objective on Robert Half from $26.00 to $29.00 and gave the stock a "sell" rating in a research note on Friday, July 24th. Robert W. Baird set a $47.00 target price on Robert Half in a report on Monday, July 27th. Finally, BMO Capital Markets upgraded Robert Half from a "market perform" rating to an "outperform" rating and set a $47.00 target price on the stock in a research report on Monday, July 27th. Three equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $34.75.

Robert Half Stock Up 0.8%

NYSE:RHI opened at $45.34 on Friday. The business's 50-day simple moving average is $38.47 and its two-hundred day simple moving average is $30.68. Robert Half Inc. has a 52 week low of $21.83 and a 52 week high of $46.70. The stock has a market cap of $4.64 billion, a PE ratio of 39.43 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, hitting 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 analyst estimates of $1.32 billion. During the same quarter in the prior year, the company posted $0.41 earnings per share. The business's quarterly revenue was down 2.4% compared to the same quarter last year. Sell-side analysts anticipate that Robert Half Inc. will post 1.27 earnings per share for the current fiscal year.

Robert Half Dividend Announcement

The firm also recently declared 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 of this dividend is Tuesday, August 25th. This represents a $2.36 dividend on an annualized basis and a yield of 5.2%. Robert Half's payout ratio is currently 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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