Man Group plc Purchases New Position in Robert Half Inc. $RHI

Man Group plc acquired a new stake in shares of Robert Half Inc. (NYSE:RHI) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 21,877 shares of the business services provider’s stock, valued at approximately $672,000.

Several other large investors have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Robert Half in the second quarter worth $34,000. Gilpin Wealth Management LLC bought a new stake in shares of Robert Half in the 4th quarter valued at $27,000. Larson Financial Group LLC raised its stake in Robert Half by 321.0% during the 4th 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 acquired a new stake in Robert Half during the 3rd quarter worth $37,000. Finally, Elevation Wealth Partners LLC lifted its holdings 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 worth $35,000 after acquiring an additional 975 shares in the last quarter. Institutional investors own 92.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on RHI shares. Weiss Ratings raised Robert Half from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, August 18th. Robert W. Baird set a $47.00 price objective on Robert Half in a report on Monday, July 27th. Truist Financial boosted their price objective on Robert Half from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. BMO Capital Markets raised 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, The Goldman Sachs Group raised their target price on shares of Robert Half from $26.00 to $29.00 and gave the stock a “sell” rating in a report on Friday, July 24th. Three investment analysts have rated the stock with a Buy rating, four have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $34.75.

Robert Half Trading Up 0.3%

RHI stock opened at $43.02 on Friday. The stock has a 50-day moving average price of $39.59 and a two-hundred day moving average price of $31.17. 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 $4.40 billion, a PE ratio of 37.41 and a beta of 0.81.

Robert Half (NYSE:RHI) last issued its quarterly earnings results on Thursday, July 23rd. The business services provider reported $0.26 EPS for the quarter, meeting analysts’ consensus estimates of $0.26. The company had revenue of $1.34 billion for 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 company’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.41 earnings per share. On average, analysts forecast that Robert Half Inc. will post 1.27 earnings per share for the current fiscal year.

Robert Half Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, August 25th will be paid a $0.59 dividend. The ex-dividend date is Tuesday, August 25th. This represents a $2.36 annualized dividend and a yield of 5.5%. 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.