GSA Capital Partners LLP Acquires New Shares in Robert Half Inc. $RHI

GSA Capital Partners LLP bought a new position in Robert Half Inc. (NYSE:RHI) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 14,488 shares of the business services provider’s stock, valued at approximately $445,000.

Several other hedge funds also recently modified their holdings of RHI. Larson Financial Group LLC raised its holdings in Robert Half by 321.0% during the fourth quarter. Larson Financial Group LLC now owns 1,002 shares of the business services provider’s stock valued at $27,000 after buying an additional 764 shares in the last quarter. Gilpin Wealth Management LLC acquired a new position in shares of Robert Half during the 4th quarter valued at about $27,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Robert Half during the 2nd quarter valued at about $34,000. Elevation Wealth Partners LLC raised its stake in shares of Robert Half by 605.6% in 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. Finally, Fifth Third Bancorp lifted its holdings in Robert Half by 94.3% in the 4th quarter. Fifth Third Bancorp now owns 1,368 shares of the business services provider’s stock worth $37,000 after purchasing an additional 664 shares during the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on RHI. Robert W. Baird set a $47.00 price objective on shares of Robert Half in a report on Monday, July 27th. The Goldman Sachs Group upped their price objective on shares of Robert Half from $26.00 to $29.00 and gave the company a “sell” rating in a research report on Friday, July 24th. Truist Financial lifted their price objective on Robert Half from $40.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. Weiss Ratings upgraded shares of Robert Half from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday. Finally, Zacks Research raised Robert Half from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. Three equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $34.75.

Robert Half Stock Up 2.3%

RHI opened at $44.87 on Friday. Robert Half Inc. has a 12 month low of $21.83 and a 12 month high of $45.83. The stock has a market cap of $4.59 billion, a P/E ratio of 39.02 and a beta of 0.79. The company has a fifty day simple moving average of $37.17 and a 200 day simple moving average of $30.23.

Robert Half (NYSE:RHI) last posted its earnings results on Thursday, July 23rd. The business services provider reported $0.26 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.26. The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Robert Half had a return on equity of 9.18% and a net margin of 2.17%.Robert Half’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.41 EPS. On average, equities research analysts expect that Robert Half Inc. will post 1.27 earnings per share for the current fiscal 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 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date of this dividend is Tuesday, August 25th. Robert Half’s dividend payout ratio (DPR) is currently 205.22%.

Robert Half Company 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.