Grandeur Peak Global Advisors LLC acquired a new stake in Robert Half Inc. (NYSE:RHI - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 31,750 shares of the business services provider's stock, valued at approximately $975,000.
Several other large investors also recently modified their holdings of the company. Larson Financial Group LLC lifted its holdings in Robert Half by 321.0% in the fourth quarter. Larson Financial Group LLC now owns 1,002 shares of the business services provider's stock valued at $27,000 after buying an additional 764 shares during the period. Gilpin Wealth Management LLC acquired a new stake in Robert Half during the 4th quarter worth about $27,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Robert Half in the 2nd quarter worth about $34,000. Elevation Wealth Partners LLC raised its position in shares of Robert Half by 605.6% in the 2nd quarter. Elevation Wealth Partners LLC now owns 1,136 shares of the business services provider's stock worth $35,000 after acquiring an additional 975 shares in the last quarter. Finally, Fifth Third Bancorp raised its position in shares of Robert Half by 94.3% in the 4th quarter. Fifth Third Bancorp now owns 1,368 shares of the business services provider's stock worth $37,000 after acquiring an additional 664 shares in the last quarter. 92.41% of the stock is currently owned by institutional investors and hedge funds.
Robert Half Price Performance
RHI stock opened at $44.94 on Friday. The stock has a market capitalization of $4.60 billion, a PE ratio of 39.08 and a beta of 0.79. The company's 50-day moving average is $38.20 and its 200-day moving average is $30.57. Robert Half Inc. has a 1 year low of $21.83 and a 1 year high of $46.70.
Robert Half (NYSE:RHI - Get Free Report) last issued its earnings results on Thursday, July 23rd. The business services provider reported $0.26 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 business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same period in the previous year, the company posted $0.41 EPS. The firm's revenue was down 2.4% compared to the same quarter last year. On average, analysts anticipate that Robert Half Inc. will post 1.27 earnings per share for the current fiscal year.
Robert Half Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, August 25th will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend is Tuesday, August 25th. Robert Half's dividend payout ratio is presently 205.22%.
Analysts Set New Price Targets
Several equities research analysts recently commented on the company. Zacks Research upgraded Robert Half from a "strong sell" rating to a "hold" rating in a research report on Tuesday, July 14th. Truist Financial lifted their target price on Robert Half from $40.00 to $50.00 and gave the stock a "buy" rating in a report on Wednesday, July 22nd. Robert W. Baird set a $47.00 price target on Robert Half in a research note on Monday, July 27th. Weiss Ratings upgraded Robert Half from a "sell (d+)" rating to a "hold (c-)" rating in a report on Tuesday, August 18th. Finally, 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 research note on Monday, July 27th. Three analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $34.75.
Check Out Our Latest Report on RHI
Robert Half Company Profile
(
Free Report)
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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