Robert Half Inc. $RHI Shares Bought by Royal Bank of Canada

Royal Bank of Canada raised its holdings in Robert Half Inc. (NYSE:RHI) by 1,389.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 68,371 shares of the business services provider’s stock after purchasing an additional 63,781 shares during the quarter. Royal Bank of Canada’s holdings in Robert Half were worth $1,736,000 as of its most recent SEC filing.

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 holdings in shares of Robert Half by 321.0% in the 4th 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 position in Robert Half during the 4th quarter worth about $27,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Robert Half during the 2nd quarter valued at about $34,000. Fifth Third Bancorp boosted its holdings in Robert Half by 94.3% during the 4th quarter. Fifth Third Bancorp now owns 1,368 shares of the business services provider’s stock valued at $37,000 after acquiring an additional 664 shares during the period. Finally, Danske Bank A S acquired a new position in Robert Half in the 3rd quarter valued at about $37,000. 92.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on RHI shares. BMO Capital Markets upgraded shares of Robert Half from a “market perform” rating to an “outperform” rating and set a $47.00 price target for the company in a research note on Monday, July 27th. Truist Financial raised their target price on shares of Robert Half from $40.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. The Goldman Sachs Group lifted their price target on shares of Robert Half from $26.00 to $29.00 and gave the stock a “sell” rating in a research note on Friday, July 24th. Robert W. Baird set a $47.00 price target on Robert Half in a report on Monday, July 27th. Finally, Weiss Ratings raised Robert Half from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, June 17th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, Robert Half has a consensus rating of “Reduce” and a consensus price target of $34.75.

Robert Half Stock Up 3.0%

RHI opened at $43.76 on Wednesday. The company 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 52 week low of $21.83 and a 52 week high of $44.47. The business has a 50 day moving average price of $36.43 and a two-hundred day moving average price of $29.94.

Robert Half (NYSE:RHI) last released its earnings results on Thursday, July 23rd. The business services provider reported $0.26 EPS for the quarter, hitting the consensus estimate of $0.26. The company 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 was down 2.4% on a year-over-year basis. During the same quarter last year, the business earned $0.41 EPS. As a group, sell-side analysts expect that Robert Half Inc. will post 1.27 EPS for the current fiscal year.

Robert Half Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, August 25th will be paid 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 payout ratio 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.