Spire Wealth Management raised its position in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 1,629.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 51,740 shares of the business services provider's stock after buying an additional 48,749 shares during the quarter. Spire Wealth Management owned about 0.05% of Robert Half worth $2,822,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in RHI. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Robert Half by 613.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 364 shares of the business services provider's stock valued at $25,000 after buying an additional 313 shares during the period. Headlands Technologies LLC purchased a new position in Robert Half during the fourth quarter valued at $26,000. Signaturefd LLC lifted its position in Robert Half by 121.3% during the fourth quarter. Signaturefd LLC now owns 436 shares of the business services provider's stock valued at $31,000 after buying an additional 239 shares during the period. CX Institutional purchased a new position in Robert Half during the first quarter valued at $33,000. Finally, GeoWealth Management LLC purchased a new position in Robert Half during the fourth quarter valued at $35,000. Hedge funds and other institutional investors own 92.41% of the company's stock.
Robert Half Stock Performance
Shares of NYSE:RHI opened at $40.92 on Thursday. Robert Half Inc. has a fifty-two week low of $39.61 and a fifty-two week high of $78.41. The business has a 50-day simple moving average of $44.69 and a two-hundred day simple moving average of $55.82. The firm has a market cap of $4.18 billion, a price-to-earnings ratio of 20.46 and a beta of 1.04.
Robert Half (NYSE:RHI - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The business services provider reported $0.17 earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by ($0.19). Robert Half had a return on equity of 14.54% and a net margin of 3.62%. The business had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.41 billion. During the same period last year, the firm posted $0.61 EPS. Robert Half's quarterly revenue was down 8.4% compared to the same quarter last year. As a group, research analysts predict that Robert Half Inc. will post 2.48 earnings per share for the current year.
Robert Half Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 23rd were given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 5.77%. The ex-dividend date of this dividend was Friday, May 23rd. Robert Half's dividend payout ratio (DPR) is 118.00%.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on RHI shares. Wall Street Zen upgraded Robert Half from a "sell" rating to a "hold" rating in a report on Friday, June 6th. BNP Paribas downgraded Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 price target for the company. in a report on Friday, May 2nd. The Goldman Sachs Group reduced their price target on Robert Half from $46.00 to $40.00 and set a "sell" rating for the company in a report on Thursday, April 24th. Truist Financial set a $55.00 price target on Robert Half and gave the company a "buy" rating in a report on Thursday, April 24th. Finally, BNP Paribas Exane downgraded Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 price target for the company. in a report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Robert Half currently has a consensus rating of "Hold" and a consensus price target of $48.71.
Check Out Our Latest Stock Analysis on Robert Half
Robert Half Company Profile
(
Free Report)
Robert Half Inc provides talent solutions and business consulting services in North America, South America, Europe, Asia, and Australia. The company operates through Contract Talent Solutions, Permanent Placement Talent Solutions, and Protiviti segments. The Contract Talent Solutions segment provides contract engagement professionals in the fields of finance and accounting, technology, marketing and creative, legal and administrative, and customer support.
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