Vise Technologies Inc. acquired a new position in shares of Robert Half Inc. (NYSE:RHI - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 29,556 shares of the business services provider's stock, valued at approximately $907,000.
Several other large investors have also recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Robert Half during the 2nd quarter worth $34,000. Gilpin Wealth Management LLC purchased a new position in shares of Robert Half in the 4th quarter valued at about $27,000. Larson Financial Group LLC lifted its stake in shares of 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 purchasing an additional 764 shares during the period. Danske Bank A S acquired a new stake in shares of Robert Half in the third quarter valued at about $37,000. Finally, Elevation Wealth Partners LLC boosted 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 worth $35,000 after buying an additional 975 shares in the last quarter. Hedge funds and other institutional investors own 92.41% of the company's stock.
Analysts Set New Price Targets
Several research analysts have weighed in on RHI shares. Truist Financial upped their target price on shares of Robert Half from $40.00 to $50.00 and gave the stock a "buy" rating in a research report on Wednesday, July 22nd. Robert W. Baird set a $47.00 price target on shares of Robert Half in a research report on Monday, July 27th. Zacks Research raised Robert Half from a "strong sell" rating to a "hold" rating in a research note on Tuesday, July 14th. 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. Finally, BMO Capital Markets raised 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 given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Robert Half has an average rating of "Hold" and an average price target of $34.75.
View Our Latest Analysis on Robert Half
Robert Half Trading Up 0.3%
Shares of NYSE RHI opened at $44.87 on Monday. The stock has a market cap of $4.59 billion, a price-to-earnings ratio of 39.02 and a beta of 0.79. Robert Half Inc. has a 52 week low of $21.83 and a 52 week high of $45.83. The company's 50-day moving average price is $37.17 and its 200 day moving average price is $30.20.
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 for the quarter, meeting the consensus estimate of $0.26. The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.32 billion. Robert Half had a net margin of 2.17% and a return on equity of 9.18%. The firm's revenue for the quarter was down 2.4% on a year-over-year basis. During the same period last year, the firm posted $0.41 EPS. As a group, research analysts expect that Robert Half Inc. will post 1.27 earnings per share for the current year.
Robert Half Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors 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 dividend payout ratio is presently 205.22%.
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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