41,200 Shares in Robert Half Inc. $RHI Bought by Jupiter Topco LLC

Jupiter Topco LLC acquired a new position in shares of Robert Half Inc. (NYSE:RHI) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 41,200 shares of the business services provider’s stock, valued at approximately $1,264,000.

A number of other institutional investors also recently bought and sold shares of RHI. Stanley Capital Management LLC acquired a new stake in shares of Robert Half during the second quarter worth about $14,751,000. Hsbc Holdings PLC purchased a new position in shares of Robert Half in the 2nd quarter valued at approximately $1,252,000. Canada Pension Plan Investment Board purchased a new position in shares of Robert Half in the 2nd quarter valued at approximately $6,662,000. Legal & General Group Plc purchased a new stake in shares of Robert Half in the second quarter valued at about $9,450,000. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of Robert Half during the second quarter worth about $748,000. 92.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have commented on RHI. Weiss Ratings raised Robert Half from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, August 18th. 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 report on Monday, July 27th. Robert W. Baird set a $47.00 price objective on shares of Robert Half in a report on Monday, July 27th. Truist Financial upped their target price on shares of Robert Half from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. Finally, The Goldman Sachs Group increased their target price on shares of Robert Half from $26.00 to $29.00 and gave the company a “sell” rating in a report on Friday, July 24th. Three investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Robert Half presently has an average rating of “Hold” and a consensus price target of $34.75.

Robert Half Stock Down 1.2%

NYSE:RHI opened at $42.49 on Friday. The company has a market capitalization of $4.35 billion, a PE ratio of 36.95 and a beta of 0.81. Robert Half Inc. has a 52-week low of $21.83 and a 52-week high of $46.70. The stock has a fifty day simple moving average of $39.78 and a 200-day simple moving average of $31.25.

Robert Half (NYSE:RHI) last released its quarterly earnings data on Thursday, July 23rd. The business services provider reported $0.26 EPS for the quarter, hitting the consensus estimate of $0.26. The business had revenue of $1.34 billion for 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%. 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 firm earned $0.41 EPS. As a group, equities analysts anticipate that Robert Half Inc. will post 1.27 earnings per share for the current year.

Robert Half Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, August 25th will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 5.6%. The ex-dividend date of this dividend is Tuesday, August 25th. Robert Half’s dividend payout ratio is 205.22%.

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.