Proficio Capital Partners LLC Purchases New Shares in Robert Half Inc. $RHI

Proficio Capital Partners LLC purchased a new position in shares of Robert Half Inc. (NYSE:RHI) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 12,611 shares of the business services provider’s stock, valued at approximately $387,000.

Several other hedge funds and other institutional investors have also bought and sold shares of RHI. Larson Financial Group LLC boosted its holdings in 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 valued at $27,000 after purchasing an additional 764 shares during the period. Gilpin Wealth Management LLC acquired a new stake in shares of Robert Half in the fourth quarter valued at approximately $27,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Robert Half in the second quarter valued at approximately $34,000. Elevation Wealth Partners LLC boosted its stake in shares of Robert Half by 605.6% in the second quarter. Elevation Wealth Partners LLC now owns 1,136 shares of the business services provider’s stock valued at $35,000 after buying an additional 975 shares during the period. Finally, Fifth Third Bancorp grew its position in Robert Half by 94.3% during the fourth quarter. Fifth Third Bancorp now owns 1,368 shares of the business services provider’s stock worth $37,000 after buying an additional 664 shares in the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on RHI. Robert W. Baird set a $47.00 price objective on Robert Half in a research note on Monday, July 27th. BMO Capital Markets raised 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 raised their price target on Robert Half from $26.00 to $29.00 and gave the stock a “sell” rating in a research report on Friday, July 24th. Truist Financial boosted their price target on Robert Half from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. Finally, Weiss Ratings raised shares of Robert Half from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, August 18th. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $34.75.

Robert Half Trading Up 0.3%

Shares of NYSE RHI opened at $43.02 on Friday. The company has a market cap of $4.40 billion, a price-to-earnings ratio of 37.41 and a beta of 0.81. Robert Half Inc. has a 12 month low of $21.83 and a 12 month high of $46.70. The stock has a 50-day moving average price of $39.59 and a two-hundred day moving average price of $31.17.

Robert Half (NYSE:RHI) last posted its quarterly earnings results on Thursday, July 23rd. The business services provider reported $0.26 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.26. The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.32 billion. Robert Half had a net margin of 2.17% and a return on equity of 9.18%. The firm’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same period last year, the company posted $0.41 EPS. On average, sell-side analysts predict that Robert Half Inc. will post 1.27 earnings per share for the current year.

Robert Half Announces Dividend

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