Heartland Advisors Inc. Purchases Shares of 172,251 Robert Half Inc. $RHI

Heartland Advisors Inc. purchased a new position in shares of Robert Half Inc. (NYSE:RHI) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 172,251 shares of the business services provider’s stock, valued at approximately $5,288,000. Heartland Advisors Inc. owned about 0.17% of Robert Half as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in RHI. Royal Bank of Canada raised its position 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 worth $2,092,000 after acquiring an additional 6,212 shares in the last quarter. Jones Financial Companies Lllp increased its stake in shares of Robert Half by 498.7% during the 1st 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 during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Robert Half by 2.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 304,359 shares of the business services provider’s stock valued at $16,603,000 after purchasing an additional 7,523 shares during the period. Empowered Funds LLC lifted its stake in Robert Half by 91.8% in the 1st 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 last quarter. Finally, Sivia Capital Partners LLC grew its holdings in Robert Half by 94.6% during the second quarter. Sivia Capital Partners LLC now owns 8,098 shares of the business services provider’s stock worth $332,000 after purchasing an additional 3,937 shares during the period. Institutional investors and hedge funds own 92.41% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on RHI. Zacks Research upgraded Robert Half from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. Truist Financial increased their price target on Robert Half from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. Weiss Ratings upgraded shares of Robert Half from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday. BMO Capital Markets upgraded shares of Robert Half from a “market perform” rating to an “outperform” rating and set a $47.00 target price for the company in a research note on Monday, July 27th. Finally, Robert W. Baird set a $47.00 target price on shares of Robert Half in a report on Monday, July 27th. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $34.75.

Robert Half Trading Up 2.3%

Shares of RHI stock opened at $44.87 on Friday. The stock has a 50 day simple moving average of $37.17 and a 200 day simple moving average of $30.23. The stock has a market cap of $4.59 billion, a P/E ratio of 39.02 and a beta of 0.79. Robert Half Inc. has a 1 year low of $21.83 and a 1 year high of $45.83.

Robert Half (NYSE:RHI) last released its earnings results on Thursday, July 23rd. The business services provider reported $0.26 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.26. Robert Half had a return on equity of 9.18% and a net margin of 2.17%.The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same period in the prior year, the firm posted $0.41 EPS. Robert Half’s quarterly revenue was down 2.4% on a year-over-year basis. Analysts forecast that Robert Half Inc. will post 1.27 EPS for the current year.

Robert Half Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, August 25th will be paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date is Tuesday, August 25th. 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.