Vise Technologies Inc. Acquires New Stake in Robert Half Inc. $RHI

Vise Technologies Inc. acquired a new position in shares of Robert Half Inc. (NYSE:RHI) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 29,556 shares of the business services provider’s stock, valued at approximately $907,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of Robert Half during the 2nd quarter worth about $409,875,000. Pzena Investment Management LLC acquired a new position in shares of Robert Half in the second quarter valued at approximately $191,025,000. AQR Capital Management LLC lifted its stake in shares of Robert Half by 190.5% during the second quarter. AQR Capital Management LLC now owns 6,201,209 shares of the business services provider’s stock valued at $254,560,000 after buying an additional 4,066,328 shares during the period. Capital World Investors lifted its stake in shares of Robert Half by 36.0% during the fourth quarter. Capital World Investors now owns 5,902,279 shares of the business services provider’s stock valued at $160,306,000 after buying an additional 1,561,146 shares during the period. Finally, Brickwood Asset Management LLP purchased a new position in shares of Robert Half during the fourth quarter valued at approximately $34,908,000. Institutional investors and hedge funds own 92.41% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on RHI shares. Truist Financial lifted their target price on shares of Robert Half from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. Zacks Research raised Robert Half from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. Weiss Ratings upgraded Robert Half from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, August 18th. BMO Capital Markets raised Robert Half from a “market perform” rating to an “outperform” rating and set a $47.00 price objective for the company in a research report on Monday, July 27th. Finally, Robert W. Baird set a $47.00 price objective on Robert Half in a research report on Monday, July 27th. Three investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Robert Half presently has a consensus rating of “Hold” and an average price target of $34.75.

Robert Half Stock Performance

RHI opened at $44.87 on Monday. The company’s 50 day simple moving average is $37.17 and its 200 day simple moving average is $30.20. Robert Half Inc. has a 1 year low of $21.83 and a 1 year high of $45.83. The stock has a market capitalization of $4.59 billion, a PE ratio of 39.02 and a beta of 0.79.

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

Robert Half Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, August 25th will be paid a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, August 25th. This represents a $2.36 annualized dividend and a dividend yield of 5.3%. Robert Half’s payout ratio 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.