417,518 Shares in Robert Half Inc. $RHI Purchased by Ieq Capital LLC

Ieq Capital LLC acquired a new stake in Robert Half Inc. (NYSE:RHI) during the second quarter, Holdings Channel reports. The firm acquired 417,518 shares of the business services provider’s stock, valued at approximately $12,818,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Royal Bank of Canada lifted its holdings in Robert Half by 19.3% during the first quarter. Royal Bank of Canada now owns 38,352 shares of the business services provider’s stock valued at $2,092,000 after purchasing an additional 6,212 shares during the last quarter. Jones Financial Companies Lllp increased its stake in shares of Robert Half by 498.7% in the first quarter. Jones Financial Companies Lllp now owns 6,813 shares of the business services provider’s stock worth $372,000 after purchasing an additional 5,675 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Robert Half by 2.5% in the first quarter. Goldman Sachs Group Inc. now owns 304,359 shares of the business services provider’s stock worth $16,603,000 after purchasing an additional 7,523 shares in the last quarter. Empowered Funds LLC raised its position in shares of Robert Half by 91.8% in the first quarter. Empowered Funds LLC now owns 55,719 shares of the business services provider’s stock valued at $3,039,000 after purchasing an additional 26,672 shares during the period. Finally, Sivia Capital Partners LLC raised its position in shares of Robert Half by 94.6% in the second quarter. Sivia Capital Partners LLC now owns 8,098 shares of the business services provider’s stock valued at $332,000 after purchasing an additional 3,937 shares during the period. 92.41% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on RHI. Truist Financial upped their price target on shares of Robert Half from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. The Goldman Sachs Group lifted their price objective on shares of Robert Half from $26.00 to $29.00 and gave the company a “sell” rating in a research note on Friday, July 24th. Robert W. Baird set a $47.00 target price on shares of Robert Half in a report on Monday, July 27th. Weiss Ratings upgraded Robert Half from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday. Finally, Zacks Research raised Robert Half from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. Three equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $34.75.

Robert Half Trading Up 2.3%

Shares of Robert Half stock opened at $44.87 on Friday. The company’s 50-day moving average price is $37.17 and its 200-day moving average price is $30.23. Robert Half Inc. has a 12-month low of $21.83 and a 12-month high of $45.83. The company has a market cap of $4.59 billion, a price-to-earnings ratio of 39.02 and a beta of 0.79.

Robert Half (NYSE:RHI) last issued 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 company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Robert Half had a net margin of 2.17% and a return on equity of 9.18%. Robert Half’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.41 earnings per share. On average, sell-side analysts predict that Robert Half Inc. will post 1.27 earnings per share for the current year.

Robert Half Dividend Announcement

The company 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 $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 5.3%. The ex-dividend date of this dividend is Tuesday, August 25th. Robert Half’s dividend payout ratio (DPR) 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.