Robert Half Inc. $RHI Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC raised its position in shares of Robert Half Inc. (NYSE:RHI) by 389.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 248,295 shares of the business services provider’s stock after buying an additional 197,575 shares during the period. SG Americas Securities LLC’s holdings in Robert Half were worth $6,744,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of RHI. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Robert Half in the 2nd quarter valued at $34,000. Danske Bank A S purchased a new position in Robert Half during the 3rd quarter valued at about $37,000. Hantz Financial Services Inc. boosted its holdings in Robert Half by 952.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,105 shares of the business services provider’s stock valued at $38,000 after acquiring an additional 1,000 shares during the period. MassMutual Private Wealth & Trust FSB grew its position in Robert Half by 362.3% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 1,239 shares of the business services provider’s stock valued at $42,000 after acquiring an additional 971 shares in the last quarter. Finally, SJS Investment Consulting Inc. grew its position in Robert Half by 20,257.1% in the 3rd quarter. SJS Investment Consulting Inc. now owns 1,425 shares of the business services provider’s stock valued at $48,000 after acquiring an additional 1,418 shares in the last quarter. 92.41% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

RHI has been the topic of several research reports. Robert W. Baird set a $50.00 price target on shares of Robert Half in a research report on Friday, January 30th. The Goldman Sachs Group lifted their price objective on shares of Robert Half from $24.00 to $27.00 and gave the company a “sell” rating in a report on Tuesday, February 3rd. Truist Financial increased their target price on shares of Robert Half from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, January 30th. Barclays decreased their price target on shares of Robert Half from $36.00 to $25.00 and set an “equal weight” rating for the company in a research report on Friday, March 6th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Robert Half in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $31.75.

Robert Half Stock Down 1.5%

NYSE RHI opened at $25.36 on Wednesday. Robert Half Inc. has a 52 week low of $21.83 and a 52 week high of $55.24. The firm has a 50 day moving average of $26.03 and a two-hundred day moving average of $28.09. The stock has a market capitalization of $2.57 billion, a PE ratio of 19.07 and a beta of 0.90.

Robert Half (NYSE:RHI) last announced its quarterly earnings data on Thursday, January 29th. The business services provider reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.02. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.29 billion. Robert Half had a net margin of 2.47% and a return on equity of 10.26%. The company’s revenue was down 5.8% on a year-over-year basis. During the same period last year, the business earned $0.53 EPS. On average, equities research analysts expect that Robert Half Inc. will post 2.48 earnings per share for the current fiscal year.

Robert Half Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Wednesday, February 25th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 9.3%. The ex-dividend date of this dividend was Wednesday, February 25th. Robert Half’s dividend payout ratio is 177.44%.

Robert Half 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.