Kingsview Wealth Management LLC Purchases New Position in Robert Half Inc. $RHI

Kingsview Wealth Management LLC purchased a new position in Robert Half Inc. (NYSE:RHI) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 18,150 shares of the business services provider’s stock, valued at approximately $557,000.

Several other large investors also recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Robert Half during the 2nd quarter valued at $34,000. Gilpin Wealth Management LLC purchased a new position in Robert Half during the fourth quarter worth $27,000. Larson Financial Group LLC boosted its stake in 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 worth $27,000 after buying an additional 764 shares during the period. Danske Bank A S bought a new position in Robert Half during the third quarter valued at $37,000. Finally, Elevation Wealth Partners LLC increased its position in 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 valued at $35,000 after acquiring an additional 975 shares during the last quarter. 92.41% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. The Goldman Sachs Group increased their price objective on shares of Robert Half from $26.00 to $29.00 and gave the stock a “sell” rating in a research report on Friday, July 24th. Truist Financial upped their target price on Robert Half from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. BMO Capital Markets upgraded Robert Half from a “market perform” rating to an “outperform” rating and set a $47.00 price target on the stock in a report on Monday, July 27th. Robert W. Baird set a $47.00 price target on Robert Half in a research note on Monday, July 27th. Finally, Zacks Research upgraded Robert Half from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. Three research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $34.75.

Robert Half Price Performance

RHI stock opened at $45.34 on Monday. The company has a market capitalization of $4.64 billion, a PE ratio of 39.43 and a beta of 0.79. Robert Half Inc. has a 12 month low of $21.83 and a 12 month high of $46.70. The firm’s 50-day moving average is $38.47 and its 200 day moving average is $30.69.

Robert Half (NYSE:RHI) last released 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 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%. The firm’s quarterly revenue was down 2.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.41 EPS. Sell-side analysts forecast that Robert Half Inc. will post 1.27 EPS for the current fiscal year.

Robert Half Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, August 25th will be issued a $0.59 dividend. The ex-dividend date is Tuesday, August 25th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 5.2%. Robert Half’s 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.