Robert Half (NYSE:RHI) Reaches New 12-Month High – Still a Buy?

Robert Half Inc. (NYSE:RHI) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $45.32 and last traded at $43.5880, with a volume of 1879659 shares. The stock had previously closed at $43.76.

Analyst Ratings Changes

A number of analysts have commented on RHI shares. Robert W. Baird set a $47.00 price target on Robert Half in a research report on Monday, July 27th. Weiss Ratings upgraded shares of Robert Half from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday. Truist Financial upped their price target on Robert Half from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. The Goldman Sachs Group increased their price target on shares of Robert Half from $26.00 to $29.00 and gave the stock a “sell” rating in a research note on Friday, July 24th. Finally, BMO Capital Markets upgraded Robert Half from a “market perform” rating to an “outperform” rating and set a $47.00 price objective on the stock in a research report on Monday, July 27th. Three analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $34.75.

Robert Half Stock Up 2.3%

The company has a market capitalization of $4.59 billion, a price-to-earnings ratio of 39.02 and a beta of 0.79. The business has a fifty day simple moving average of $37.17 and a two-hundred day simple moving average of $30.23.

Robert Half (NYSE:RHI) last issued its quarterly earnings results on Thursday, July 23rd. The business services provider reported $0.26 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.26. The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates 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 previous year, the business earned $0.41 EPS. As a group, equities analysts predict 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 paid 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 is currently 205.22%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in RHI. Larson Financial Group LLC grew its stake in shares of 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 during the last quarter. Gilpin Wealth Management LLC acquired a new position in shares of Robert Half in the 4th quarter valued at $27,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Robert Half during the 2nd quarter worth $34,000. Elevation Wealth Partners LLC increased its position in shares of Robert Half by 605.6% during the second quarter. Elevation Wealth Partners LLC now owns 1,136 shares of the business services provider’s stock worth $35,000 after purchasing an additional 975 shares in the last quarter. Finally, Fifth Third Bancorp raised its holdings in Robert Half by 94.3% during the fourth 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 in the last quarter. 92.41% of the stock is currently owned by institutional investors.

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.