BayBridge Capital Group LLC Invests $427,000 in Robert Half Inc. $RHI

BayBridge Capital Group LLC bought a new position in shares of Robert Half Inc. (NYSE:RHI) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 13,920 shares of the business services provider’s stock, valued at approximately $427,000.

Other institutional investors have also bought and sold shares of the company. Royal Bank of Canada lifted its holdings in shares of 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 valued at $2,092,000 after acquiring an additional 6,212 shares during the period. Jones Financial Companies Lllp grew its holdings in shares of Robert Half by 498.7% in 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. grew 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 worth $16,603,000 after purchasing an additional 7,523 shares during the last quarter. Empowered Funds LLC increased its position in shares of Robert Half by 91.8% during the 1st quarter. Empowered Funds LLC now owns 55,719 shares of the business services provider’s stock worth $3,039,000 after purchasing an additional 26,672 shares in the last quarter. Finally, Sivia Capital Partners LLC increased its position in shares of Robert Half by 94.6% during the 2nd 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 in the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.

Robert Half Price Performance

Shares of NYSE:RHI opened at $39.13 on Wednesday. The company has a 50 day moving average of $40.15 and a 200-day moving average of $31.51. The stock has a market cap of $4.01 billion, a price-to-earnings ratio of 34.03 and a beta of 0.81. Robert Half Inc. has a one year low of $21.83 and a one year high of $46.70.

Robert Half (NYSE:RHI) last posted its quarterly earnings results on Thursday, July 23rd. The business services provider reported $0.26 earnings per share for the quarter, meeting analysts’ consensus estimates 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 the consensus estimate of $1.32 billion. During the same quarter in the prior year, the business posted $0.41 EPS. The firm’s quarterly revenue was down 2.4% on a year-over-year basis. Equities research analysts anticipate that Robert Half Inc. will post 1.27 earnings per share for the current year.

Robert Half Dividend Announcement

The business also recently disclosed 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. This represents a $2.36 dividend on an annualized basis and a yield of 6.0%. The ex-dividend date is Tuesday, August 25th. Robert Half’s dividend payout ratio is currently 205.22%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on RHI shares. Zacks Research raised shares of 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 objective on shares of Robert Half in a report on Monday, July 27th. Truist Financial boosted their target price on Robert Half from $40.00 to $50.00 and gave the stock a “buy” rating in a report 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 research report on Monday, July 27th. Finally, Weiss Ratings raised Robert Half from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, August 18th. 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 data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $34.75.

Robert Half 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.