Kingsview Wealth Management LLC Makes New Investment in Robert Half Inc. $RHI

Kingsview Wealth Management LLC acquired a new stake in shares of Robert Half Inc. (NYSE:RHI) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 18,150 shares of the business services provider’s stock, valued at approximately $557,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of RHI. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Robert Half during the second quarter valued at about $34,000. Gilpin Wealth Management LLC bought a new position in shares of Robert Half in the fourth quarter worth about $27,000. Larson Financial Group LLC lifted its position in shares of Robert Half by 321.0% during the 4th 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. Danske Bank A S bought a new position in shares of Robert Half during the 3rd quarter valued at approximately $37,000. Finally, Elevation Wealth Partners LLC increased its holdings in 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 worth $35,000 after acquiring an additional 975 shares in the last quarter. 92.41% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on RHI. Truist Financial increased their price objective 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 shares of Robert Half from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. The Goldman Sachs Group raised their price target on Robert Half from $26.00 to $29.00 and gave the company a “sell” rating in a report on Friday, July 24th. Weiss Ratings upgraded Robert Half from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, August 18th. Finally, Robert W. Baird set a $47.00 target price on Robert Half in a research report on Monday, July 27th. 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 company’s stock. Based on data from MarketBeat, Robert Half currently has a consensus rating of “Hold” and an average target price of $34.75.

Robert Half Stock Performance

Shares of NYSE:RHI opened at $45.34 on Monday. The firm has a market cap of $4.64 billion, a price-to-earnings ratio of 39.43 and a beta of 0.79. The firm has a fifty day moving average price of $38.47 and a 200 day moving average price of $30.69. Robert Half Inc. has a fifty-two week low of $21.83 and a fifty-two week high of $46.70.

Robert Half (NYSE:RHI) last released 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 business had revenue of $1.34 billion during 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 business’s revenue was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.41 EPS. As a group, research analysts predict that Robert Half Inc. will post 1.27 earnings per share for the current year.

Robert Half Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a yield of 5.2%. Robert Half’s dividend payout ratio is presently 205.22%.

About Robert Half

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.