Robert Half Inc. $RHI Stock: State of Alaska Department of Revenue Decreases Stake

State of Alaska Department of Revenue reduced its position in Robert Half Inc. (NYSE:RHI) by 56.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,902 shares of the business services provider’s stock after selling 22,290 shares during the quarter. State of Alaska Department of Revenue’s holdings in Robert Half were worth $621,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Fortitude Family Office LLC lifted its position in shares of Robert Half by 315.8% in the 3rd quarter. Fortitude Family Office LLC now owns 1,372 shares of the business services provider’s stock worth $50,000 after purchasing an additional 1,042 shares during the period. NorthCrest Asset Manangement LLC raised its stake in shares of Robert Half by 43.5% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 14,116 shares of the business services provider’s stock worth $481,000 after acquiring an additional 4,276 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Robert Half by 8.4% during the 3rd quarter. GAMMA Investing LLC now owns 7,865 shares of the business services provider’s stock valued at $289,000 after purchasing an additional 610 shares during the last quarter. Farther Finance Advisors LLC raised its stake in Robert Half by 49.3% in the third quarter. Farther Finance Advisors LLC now owns 6,255 shares of the business services provider’s stock valued at $230,000 after buying an additional 2,065 shares during the last quarter. Finally, Elevation Wealth Partners LLC boosted its stake in Robert Half by 35.4% in the 3rd quarter. Elevation Wealth Partners LLC now owns 1,538 shares of the business services provider’s stock worth $57,000 after purchasing an additional 402 shares in the last quarter. 92.41% of the stock is owned by hedge funds and other institutional investors.

Robert Half News Roundup

Here are the key news stories impacting Robert Half this week:

• Positive Sentiment: Earnings beat expectations: Robert Half reported third-quarter revenue of $1.359 billion, broadly in line with estimates, while earnings per share rose to $0.49 from $0.43 a year earlier and exceeded the $0.47 consensus. Robert Half Reports Third-Quarter Financial Results
• Positive Sentiment: Talent Solutions returned to growth: Adjusted Talent Solutions revenue increased 2% year over year, its first increase since 2022. Permanent placement revenue grew 6%, while contract talent revenue increased 1%, suggesting staffing demand is stabilizing. Robert Half: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Improving demand and guidance: Management cited better hiring activity, stronger October trends in key staffing categories, and improving demand for risk and compliance consulting. Fourth-quarter guidance implies approximately 3% adjusted revenue growth and roughly 30% earnings growth at the midpoint. How Staffing Firm Robert Half Is Bucking a Stalling Job Market
• Positive Sentiment: Compliance opportunity: Recent regulatory enforcement and bank fines are creating a potentially lucrative pipeline for Robert Half’s risk and compliance consulting business. Management also said artificial intelligence is changing required skills rather than eliminating demand for staffing and consulting roles. Why Robert Half Stock Jumped More Than 20% Today
• Neutral Sentiment: Analyst reaction was supportive but cautious: JPMorgan raised its price target from $40 to $45 but maintained a “neutral” rating, while other brokerages reportedly lifted targets following the results. Robert Half Stock Rises as Analysts Lift Targets

Robert Half Price Performance

Robert Half stock opened at $46.02 on Friday. The business has a 50 day simple moving average of $38.81 and a 200-day simple moving average of $34.25. Robert Half Inc. has a 12 month low of $21.83 and a 12 month high of $47.14. The stock has a market capitalization of $4.71 billion, a PE ratio of 38.04 and a beta of 0.84.

Robert Half (NYSE:RHI) last issued its quarterly earnings data on Thursday, October 22nd. The business services provider reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.02. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.36 billion. Robert Half had a return on equity of 9.83% and a net margin of 2.30%. The firm’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.43 earnings per share. On average, equities research analysts anticipate that Robert Half Inc. will post 1.27 EPS for the current fiscal year.

Robert Half Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, August 25th were paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 5.1%. The ex-dividend date of this dividend was Tuesday, August 25th. Robert Half’s dividend payout ratio (DPR) is 195.04%.

Analyst Ratings Changes

RHI has been the subject of several research analyst reports. BMO Capital Markets upgraded Robert Half from a “market perform” rating to an “outperform” rating and set a $47.00 price objective for the company in a research note on Monday, July 27th. Weiss Ratings downgraded Robert Half from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, October 9th. Zacks Research upgraded Robert Half from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. Jefferies Financial Group reiterated an “underperform” rating and issued a $33.00 price target on shares of Robert Half in a report on Friday. Finally, JPMorgan Chase & Co. raised their price target on shares of Robert Half from $40.00 to $45.00 and gave the stock a “neutral” rating in a research report on Friday. Three investment 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. According to data from MarketBeat, Robert Half currently has an average rating of “Hold” and an average target price of $38.50.

Robert Half Company Profile

Robert Half Inc (NYSE: RHI) is a global talent solutions and business consulting company. Through its Robert Half brand, the company provides temporary, project-based and permanent staffing services, connecting employers with professionals in accounting and finance, administrative and customer support, technology, legal, and marketing and creative fields.

Robert Half also operates Protiviti, a global consulting firm that helps organizations address internal audit, risk and compliance, technology, business performance, and digital transformation challenges.