Jupiter Topco LLC Buys Shares of 41,200 Robert Half Inc. $RHI

Key Points

• Jupiter Topco LLC acquired 41,200 shares of Robert Half, valued at approximately $1.26 million, during the second quarter. Institutional investors and hedge funds collectively own 92.41% of the company.
• Robert Half reported quarterly earnings of $0.26 per share, in line with estimates, while revenue reached $1.34 billion and declined 2.4% year over year.
• The company declared a quarterly dividend of $0.59 per share, equivalent to $2.36 annually and a 5.6% yield. Analysts’ consensus rating remains “Hold,” with an average price target of $34.75.

Jupiter Topco LLC purchased a new position in shares of Robert Half Inc. (NYSE:RHI - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 41,200 shares of the business services provider's stock, valued at approximately $1,264,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Larson Financial Group LLC increased its stake in Robert Half by 321.0% during the fourth quarter. Larson Financial Group LLC now owns 1,002 shares of the business services provider's stock worth $27,000 after acquiring an additional 764 shares during the last quarter. Gilpin Wealth Management LLC acquired a new stake in shares of Robert Half during the 4th quarter worth about $27,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Robert Half in the 2nd quarter valued at about $34,000. Elevation Wealth Partners LLC raised its holdings in 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 valued at $35,000 after buying an additional 975 shares during the period. Finally, Fifth Third Bancorp lifted its position in Robert Half by 94.3% in 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 and hedge funds.

Robert Half Trading Down 1.2%

Shares of Robert Half stock opened at $42.49 on Friday. The company has a fifty day simple moving average of $39.78 and a 200-day simple moving average of $31.25. The stock has a market cap of $4.35 billion, a price-to-earnings ratio of 36.95 and a beta of 0.81. Robert Half Inc. has a 12-month low of $21.83 and a 12-month high of $46.70.

Robert Half (NYSE:RHI - Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The business services provider reported $0.26 earnings per share for the quarter, meeting analysts' consensus estimates of $0.26. The firm had revenue of $1.34 billion during the quarter, compared to analysts' expectations 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 period in the previous year, the company earned $0.41 earnings per share. On average, analysts forecast 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. Investors of record on Tuesday, August 25th will be given 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 dividend yield of 5.6%. Robert Half's dividend payout ratio is 205.22%.

Analyst Ratings Changes

RHI has been the subject of a number of research analyst reports. Zacks Research upgraded Robert Half from a "strong sell" rating to a "hold" rating in a report on Tuesday, July 14th. Truist Financial boosted their target price 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 target on Robert Half from $26.00 to $29.00 and gave the stock a "sell" rating in a report on Friday, July 24th. Robert W. Baird set a $47.00 price target on Robert Half in a research report on Monday, July 27th. Finally, Weiss Ratings upgraded 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 given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Robert Half currently has an average rating of "Hold" and a consensus target price of $34.75.

Robert Half 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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