Robert Half (NYSE:RHI) Shares Up 8.2% – Here’s What Happened

Robert Half Inc. (NYSE:RHI) shot up 8.2% during mid-day trading on Friday . The company traded as high as $32.60 and last traded at $32.5480. Approximately 1,578,914 shares changed hands during mid-day trading, a decline of 46% from the average session volume of 2,940,766 shares. The stock had previously closed at $30.09.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on RHI shares. Weiss Ratings upgraded shares of Robert Half from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, June 17th. William Blair upgraded shares of Robert Half from a “market perform” rating to an “outperform” rating in a report on Tuesday, April 21st. Zacks Research cut shares of Robert Half from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 29th. Finally, Barclays decreased their price target on Robert Half from $36.00 to $25.00 and set an “equal weight” rating for the company in a report on Friday, March 6th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat.com, Robert Half presently has a consensus rating of “Reduce” and an average price target of $31.75.

Robert Half Stock Up 8.0%

The stock has a market capitalization of $3.32 billion, a P/E ratio of 24.98 and a beta of 0.84. The business’s 50 day simple moving average is $28.48 and its two-hundred day simple moving average is $27.19.

Robert Half (NYSE:RHI) last posted its earnings results on Thursday, April 23rd. The business services provider reported $0.14 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.14. Robert Half had a net margin of 2.43% and a return on equity of 10.14%. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the prior year, the business posted $0.17 EPS. The firm’s revenue was down 3.8% compared to the same quarter last year. Analysts predict that Robert Half Inc. will post 1.29 earnings per share for the current year.

Robert Half Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 22nd were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 7.3%. The ex-dividend date of this dividend was Friday, May 22nd. Robert Half’s payout ratio is currently 181.54%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of RHI. Larson Financial Group LLC boosted its position in shares of 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 valued at $27,000 after buying an additional 764 shares during the last quarter. Gilpin Wealth Management LLC purchased a new stake in Robert Half in the 4th quarter valued at $27,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Robert Half during the 2nd quarter valued at $34,000. Fifth Third Bancorp lifted its stake in Robert Half by 94.3% during the 4th quarter. Fifth Third Bancorp now owns 1,368 shares of the business services provider’s stock valued at $37,000 after acquiring an additional 664 shares in the last quarter. Finally, Danske Bank A S purchased a new position in Robert Half during the 3rd quarter worth $37,000. Institutional investors own 92.41% of the company’s stock.

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.