Robert Half (NYSE:RHI) Sets New 1-Year High – Still a Buy?

Robert Half Inc. (NYSE:RHI)’s stock price reached a new 52-week high on Friday . The stock traded as high as $43.94 and last traded at $43.9670, with a volume of 196821 shares traded. The stock had previously closed at $40.68.

Wall Street Analyst Weigh In

RHI has been the subject of a number of research analyst reports. BMO Capital Markets raised shares of Robert Half from a “market perform” rating to an “outperform” rating and set a $47.00 price target for the company in a report on Monday, July 27th. Robert W. Baird set a $47.00 price objective on shares of Robert Half in a report on Monday, July 27th. Zacks Research raised Robert Half from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. Truist Financial raised their target price on Robert Half from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. Finally, William Blair raised Robert Half from a “market perform” rating to an “outperform” rating in a research report on Tuesday, April 21st. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $34.75.

Robert Half Trading Up 5.1%

The firm’s fifty day moving average price is $34.48 and its 200 day moving average price is $29.11. The firm has a market capitalization of $4.38 billion, a PE ratio of 37.41 and a beta of 0.79.

Robert Half (NYSE:RHI) last released its quarterly earnings data on Thursday, July 23rd. The business services provider reported $0.26 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.26. Robert Half had a net margin of 2.17% and a return on equity of 9.18%. The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the prior year, the business earned $0.41 earnings per share. The business’s quarterly revenue was down 2.4% compared to the same quarter last year. On average, 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 declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, August 25th will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 5.5%. The ex-dividend date of this dividend is Tuesday, August 25th. Robert Half’s dividend payout ratio (DPR) is currently 205.22%.

Hedge Funds Weigh In On Robert Half

Several institutional investors and hedge funds have recently modified their holdings of RHI. Global Retirement Partners LLC purchased a new stake in shares of Robert Half in the second quarter worth about $44,000. Bank of New York Mellon Corp acquired a new position in Robert Half in the second quarter valued at approximately $23,292,000. Focus Partners Advisor Solutions LLC purchased a new stake in Robert Half in the 2nd quarter worth approximately $496,000. State of Wyoming purchased a new stake in Robert Half in the 2nd quarter worth approximately $311,000. Finally, GSA Capital Partners LLP acquired a new stake in shares of Robert Half during the 2nd quarter worth approximately $445,000. Institutional investors and hedge funds own 92.41% of the company’s stock.

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.