Hawk Ridge Capital Management LP Boosts Stake in Robert Half Inc. $RHI

Hawk Ridge Capital Management LP raised its stake in shares of Robert Half Inc. (NYSE:RHI) by 134.2% during the 1st quarter, Holdings Channel reports. The fund owned 1,785,400 shares of the business services provider’s stock after purchasing an additional 1,023,000 shares during the period. Robert Half comprises approximately 1.6% of Hawk Ridge Capital Management LP’s holdings, making the stock its 23rd largest position. Hawk Ridge Capital Management LP’s holdings in Robert Half were worth $45,349,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Larson Financial Group LLC lifted its stake in shares of Robert Half by 321.0% during 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 last quarter. Gilpin Wealth Management LLC bought a new stake in Robert Half during the fourth quarter valued at about $27,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Robert Half in the second quarter valued at about $34,000. Danske Bank A S purchased a new position in Robert Half in the third quarter valued at about $37,000. Finally, Fifth Third Bancorp raised its holdings 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 worth $37,000 after purchasing an additional 664 shares in the last quarter. 92.41% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on RHI. William Blair upgraded shares of Robert Half from a “market perform” rating to an “outperform” rating in a report on Tuesday, April 21st. Robert W. Baird set a $47.00 price objective on shares of Robert Half in a research note on Monday. Truist Financial increased their target price on shares of Robert Half from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. Weiss Ratings upgraded shares of Robert Half from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, June 17th. Finally, BMO Capital Markets raised shares of Robert Half from a “market perform” rating to an “outperform” rating and set a $47.00 price target on the stock in a report on Monday. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, Robert Half has an average rating of “Reduce” and a consensus price target of $34.75.

Robert Half Stock Performance

Shares of RHI stock opened at $39.71 on Tuesday. Robert Half Inc. has a fifty-two week low of $21.83 and a fifty-two week high of $42.25. The firm has a market capitalization of $4.06 billion, a price-to-earnings ratio of 34.53 and a beta of 0.82. The stock’s 50-day simple moving average is $32.49 and its 200-day simple moving average is $28.50.

Robert Half (NYSE:RHI) last announced its quarterly earnings data on Thursday, July 23rd. The business services provider reported $0.26 EPS for the quarter, meeting the consensus estimate of $0.26. The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.32 billion. Robert Half had a net margin of 2.17% and a return on equity of 9.18%. Robert Half’s revenue 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, equities analysts forecast that Robert Half Inc. will post 1.29 earnings per share for the current year.

Robert Half Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 22nd were issued a $0.59 dividend. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 5.9%. Robert Half’s dividend payout ratio (DPR) 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.