255,739 Shares in Robert Half Inc. $RHI Acquired by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC bought a new stake in shares of Robert Half Inc. (NYSE:RHIFree Report) in the 1st quarter, Holdings Channel.com reports. The firm bought 255,739 shares of the business services provider’s stock, valued at approximately $6,309,000.

Several other hedge funds have also bought and sold shares of RHI. Robinson Value Management Ltd. increased its position in Robert Half by 225.2% in the first quarter. Robinson Value Management Ltd. now owns 198,196 shares of the business services provider’s stock worth $5,034,000 after buying an additional 137,250 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in Robert Half by 92.6% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 19,736 shares of the business services provider’s stock worth $501,000 after acquiring an additional 9,491 shares during the period. Principal Financial Group Inc. raised its stake in Robert Half by 1.9% during the 1st quarter. Principal Financial Group Inc. now owns 481,617 shares of the business services provider’s stock worth $12,233,000 after acquiring an additional 8,817 shares during the period. Chicago Partners Investment Group LLC increased its stake in shares of Robert Half by 23.3% in the first quarter. Chicago Partners Investment Group LLC now owns 34,938 shares of the business services provider’s stock worth $887,000 after purchasing an additional 6,605 shares in the last quarter. Finally, Fifth Third Bancorp raised its position in shares of Robert Half by 1,690.4% during the 1st quarter. Fifth Third Bancorp now owns 24,492 shares of the business services provider’s stock valued at $622,000 after purchasing an additional 23,124 shares during the period. Institutional investors own 92.41% of the company’s stock.

Robert Half Price Performance

Shares of NYSE RHI opened at $37.95 on Friday. Robert Half Inc. has a 1-year low of $21.83 and a 1-year high of $42.65. The business’s 50 day moving average is $32.02 and its two-hundred day moving average is $28.35. The stock has a market capitalization of $3.88 billion, a P/E ratio of 29.20 and a beta of 0.82.

Robert Half (NYSE:RHIGet Free Report) last posted its quarterly earnings data 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 business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.32 billion. Robert Half had a return on equity of 10.14% and a net margin of 2.43%.The company’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same period last year, the company earned $0.41 EPS. As a group, equities research analysts anticipate that Robert Half Inc. will post 1.29 earnings per share for the current fiscal year.

Robert Half Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 22nd were given a dividend of $0.59 per share. The ex-dividend date was Friday, May 22nd. This represents a $2.36 dividend on an annualized basis and a yield of 6.2%. Robert Half’s payout ratio is 181.54%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on RHI. William Blair raised Robert Half from a “market perform” rating to an “outperform” rating in a report on Tuesday, April 21st. The Goldman Sachs Group lifted their target price on Robert Half from $23.00 to $26.00 and gave the company a “sell” rating in a research note on Tuesday, July 14th. Zacks Research raised Robert Half from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. Weiss Ratings upgraded shares of Robert Half from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, June 17th. Finally, Truist Financial boosted their target price on shares of Robert Half from $40.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $32.88.

View Our Latest Analysis on Robert Half

Trending Headlines about Robert Half

Here are the key news stories impacting Robert Half this week:

Robert Half Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding RHI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Robert Half Inc. (NYSE:RHIFree Report).

Institutional Ownership by Quarter for Robert Half (NYSE:RHI)

Receive News & Ratings for Robert Half Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Robert Half and related companies with MarketBeat.com's FREE daily email newsletter.