Focus Partners Advisor Solutions LLC Purchases New Position in Robert Half Inc. $RHI

Focus Partners Advisor Solutions LLC purchased a new position in Robert Half Inc. (NYSE:RHI) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,147 shares of the business services provider’s stock, valued at approximately $496,000.

Several other institutional investors and hedge funds have also bought and sold shares of RHI. State of Wyoming purchased a new position in shares of Robert Half during the 2nd quarter worth approximately $311,000. GSA Capital Partners LLP bought a new position in shares of Robert Half in the 2nd quarter worth approximately $445,000. Cornerstone Capital Inc. purchased a new position in shares of Robert Half in the 2nd quarter valued at approximately $8,136,000. Elevation Wealth Partners LLC lifted its stake 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 valued at $35,000 after purchasing an additional 975 shares during the period. Finally, Assenagon Asset Management S.A. bought a new stake in shares of Robert Half during the second quarter valued at approximately $7,727,000. 92.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on RHI. Robert W. Baird set a $47.00 price target on Robert Half in a research note on Monday, July 27th. Weiss Ratings raised Robert Half from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, June 17th. BMO Capital Markets upgraded shares of Robert Half from a “market perform” rating to an “outperform” rating and set a $47.00 target price on the stock in a report on Monday, July 27th. The Goldman Sachs Group upped their target price on shares of Robert Half from $26.00 to $29.00 and gave the stock a “sell” rating in a research report on Friday, July 24th. Finally, Zacks Research upgraded shares of Robert Half from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, Robert Half presently has an average rating of “Reduce” and an average target price of $34.75.

Robert Half Price Performance

RHI opened at $43.76 on Wednesday. The stock has a 50-day moving average price of $36.43 and a 200-day moving average price of $29.94. The firm has a market cap of $4.48 billion, a PE ratio of 38.05 and a beta of 0.79. Robert Half Inc. has a 1 year low of $21.83 and a 1 year high of $44.47.

Robert Half (NYSE:RHI) last issued its earnings results on Thursday, July 23rd. The business services provider reported $0.26 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.26. The business 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%. The business’s revenue for the quarter 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. As a group, sell-side analysts anticipate that Robert Half Inc. will post 1.27 EPS for the current year.

Robert Half Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, August 25th will be given a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, August 25th. This represents a $2.36 annualized dividend and a dividend yield of 5.4%. Robert Half’s dividend payout ratio (DPR) is 205.22%.

Robert Half Company 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.