Proficio Capital Partners LLC Acquires New Stake in Robert Half Inc. $RHI

Proficio Capital Partners LLC bought a new stake in Robert Half Inc. (NYSE:RHI) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 12,611 shares of the business services provider’s stock, valued at approximately $387,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Corient Private Wealth LP bought a new stake in shares of Robert Half during the 2nd quarter valued at about $15,647,000. Bank of America Corp DE bought a new position in shares of Robert Half in the 2nd quarter worth approximately $38,460,000. Man Group plc purchased a new position in shares of Robert Half in the second quarter worth approximately $672,000. Jupiter Topco LLC purchased a new position in shares of Robert Half in the second quarter worth approximately $1,264,000. Finally, Stanley Capital Management LLC bought a new stake in Robert Half during the second quarter valued at approximately $14,751,000. 92.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on RHI shares. The Goldman Sachs Group upped 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. Robert W. Baird set a $47.00 price target on shares of Robert Half in a research note on Monday, July 27th. 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. 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. Finally, Zacks Research upgraded Robert Half from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. Three investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Robert Half has a consensus rating of “Hold” and a consensus target price of $34.75.

Robert Half Price Performance

RHI opened at $44.94 on Friday. The company has a 50 day simple moving average of $38.20 and a two-hundred day simple moving average of $30.57. The firm has a market cap of $4.60 billion, a P/E ratio of 39.08 and a beta of 0.79. Robert Half Inc. has a 1-year low of $21.83 and a 1-year high of $46.70.

Robert Half (NYSE:RHI) last announced its quarterly earnings data on Thursday, July 23rd. The business services provider reported $0.26 EPS for the quarter, meeting the consensus estimate of $0.26. The firm 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 company’s revenue was down 2.4% on a year-over-year basis. During the same period last year, the firm earned $0.41 EPS. Equities analysts anticipate that Robert Half Inc. will post 1.27 earnings per share for the current year.

Robert Half Dividend Announcement

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 dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, August 25th. This represents a $2.36 dividend on an annualized basis and a yield of 5.3%. 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.