Robert Half (NYSE:RHI) Hits New 52-Week High – Still a Buy?

Robert Half Inc. (NYSE:RHI) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as $43.94 and last traded at $43.9670, with a volume of 196821 shares changing hands. The stock had previously closed at $40.68.

Analysts Set New Price Targets

A number of brokerages have recently commented on RHI. Robert W. Baird set a $47.00 price target on Robert Half in a report on Monday, July 27th. Zacks Research upgraded shares of Robert Half from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. BMO Capital Markets raised 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 research report on Monday, July 27th. William Blair upgraded shares of Robert Half from a “market perform” rating to an “outperform” rating in a research note on Tuesday, April 21st. Finally, Truist Financial increased their price target 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. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Robert Half currently has a consensus rating of “Reduce” and an average target price of $34.75.

Robert Half Trading Up 4.8%

The firm has a fifty day simple moving average of $34.74 and a 200 day simple moving average of $29.21. The stock has a market cap of $4.36 billion, a price-to-earnings ratio of 37.07 and a beta of 0.79.

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, hitting analysts’ consensus estimates of $0.26. Robert Half had a return on equity of 9.18% and a net margin of 2.17%.The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter last year, the company earned $0.41 EPS. The company’s quarterly revenue was down 2.4% on a year-over-year basis. On average, equities analysts expect that Robert Half Inc. will post 1.29 earnings per share for the current year.

Robert Half Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, August 25th will be given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 5.5%. The ex-dividend date of this dividend is Tuesday, August 25th. Robert Half’s dividend payout ratio (DPR) is 205.22%.

Institutional Investors Weigh In On Robert Half

Institutional investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Robert Half in the 2nd quarter valued at $34,000. Gilpin Wealth Management LLC bought a new position in shares of Robert Half during the 4th quarter worth about $27,000. Larson Financial Group LLC lifted its holdings 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 acquiring an additional 764 shares during the period. Danske Bank A S acquired a new stake in shares of Robert Half during the 3rd quarter valued at about $37,000. Finally, Elevation Wealth Partners LLC boosted its position in shares of Robert Half by 605.6% during the 2nd quarter. Elevation Wealth Partners LLC now owns 1,136 shares of the business services provider’s stock valued at $35,000 after acquiring an additional 975 shares in the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.

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.