Grandeur Peak Global Advisors LLC Acquires Shares of 31,750 Robert Half Inc. $RHI

Grandeur Peak Global Advisors LLC acquired a new stake in shares of Robert Half Inc. (NYSE:RHI) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 31,750 shares of the business services provider’s stock, valued at approximately $975,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Basecamp Wealth Advisors LLC raised its holdings in shares of Robert Half by 19.4% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 2,164 shares of the business services provider’s stock worth $55,000 after acquiring an additional 351 shares during the last quarter. Quadrant Capital Group LLC increased its holdings in Robert Half by 3.5% during the 3rd quarter. Quadrant Capital Group LLC now owns 12,069 shares of the business services provider’s stock worth $410,000 after purchasing an additional 407 shares in the last quarter. IFP Advisors Inc raised its stake in shares of Robert Half by 9.0% in the fourth quarter. IFP Advisors Inc now owns 6,845 shares of the business services provider’s stock worth $186,000 after purchasing an additional 564 shares during the last quarter. Fifth Third Bancorp raised its stake in shares of Robert Half by 94.3% in 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 during the last quarter. Finally, Inspire Advisors LLC lifted its holdings in shares of Robert Half by 5.0% in the fourth quarter. Inspire Advisors LLC now owns 14,059 shares of the business services provider’s stock valued at $382,000 after purchasing an additional 669 shares in the last quarter. 92.41% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on RHI. Zacks Research upgraded Robert Half from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. Robert W. Baird set a $47.00 price target on shares of 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 report on Tuesday, August 18th. Truist Financial upped their price objective on shares of Robert Half from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. Finally, BMO Capital Markets upgraded shares of Robert Half from a “market perform” rating to an “outperform” rating and set a $47.00 price objective for the company in a research note on Monday, July 27th. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $34.75.

Robert Half Trading Up 0.9%

RHI stock opened at $44.94 on Friday. The stock’s fifty day simple moving average is $38.20 and its two-hundred day simple moving average is $30.57. Robert Half Inc. has a 1-year low of $21.83 and a 1-year high of $46.70. The stock has a market cap of $4.60 billion, a P/E ratio of 39.08 and a beta of 0.79.

Robert Half (NYSE:RHI) last announced its 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 during the quarter, compared to analyst estimates of $1.32 billion. Robert Half had a return on equity of 9.18% and a net margin of 2.17%.The business’s revenue was down 2.4% compared to the same quarter last year. During the same period last year, the firm posted $0.41 EPS. As a group, analysts forecast that Robert Half Inc. will post 1.27 earnings per share for the current fiscal year.

Robert Half Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, August 25th will be given a dividend of $0.59 per share. The ex-dividend date is Tuesday, August 25th. This represents a $2.36 annualized dividend and a yield of 5.3%. Robert Half’s dividend payout ratio is presently 205.22%.

Robert Half Company Profile

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.