28,627 Shares in Robert Half Inc. $RHI Purchased by Navellier & Associates Inc.

Navellier & Associates Inc. purchased a new stake in shares of Robert Half Inc. (NYSE:RHI) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 28,627 shares of the business services provider’s stock, valued at approximately $879,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Kingsview Wealth Management LLC purchased a new position in shares of Robert Half during the second quarter valued at approximately $557,000. Beacon Pointe Advisors LLC purchased a new stake in Robert Half in the second quarter worth $291,000. Empowered Funds LLC purchased a new stake in Robert Half in the second quarter worth $319,000. United Capital Financial Advisors LLC bought a new stake in Robert Half in the second quarter valued at $498,000. Finally, Grandeur Peak Global Advisors LLC bought a new stake in Robert Half in the second quarter valued at $975,000. Hedge funds and other institutional investors own 92.41% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on RHI shares. Zacks Research upgraded shares of Robert Half from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. Weiss Ratings raised shares of Robert Half from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, August 18th. The Goldman Sachs Group boosted their price target 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 increased their price target 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. Finally, BMO Capital Markets upgraded shares of Robert Half from a “market perform” rating to an “outperform” rating and set a $47.00 price objective for the company in a report on Monday, July 27th. Three equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $34.75.

Robert Half Trading Up 0.8%

Shares of Robert Half stock opened at $45.34 on Friday. Robert Half Inc. has a 12 month low of $21.83 and a 12 month high of $46.70. The firm has a market capitalization of $4.64 billion, a P/E ratio of 39.43 and a beta of 0.79. The business has a fifty day simple moving average of $38.47 and a two-hundred day simple moving average of $30.68.

Robert Half (NYSE:RHI) last released its earnings results on Thursday, July 23rd. The business services provider reported $0.26 earnings per share for the quarter, hitting analysts’ consensus estimates 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% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.41 EPS. Analysts predict that Robert Half Inc. will post 1.27 earnings per share for the current year.

Robert Half Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors 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 yield of 5.2%. Robert Half’s payout ratio is presently 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.