Proficio Capital Partners LLC Purchases New Holdings in Robert Half Inc. $RHI

Proficio Capital Partners LLC purchased a new stake in Robert Half Inc. (NYSE:RHI) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 12,611 shares of the business services provider’s stock, valued at approximately $387,000.

Other institutional investors have also recently made changes to their positions in the company. Larson Financial Group LLC grew its stake in shares of Robert Half by 321.0% in 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 in the last quarter. Gilpin Wealth Management LLC bought a new stake in Robert Half during the fourth quarter worth $27,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Robert Half in the second quarter valued at $34,000. Elevation Wealth Partners LLC lifted its stake in Robert Half by 605.6% in 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. Finally, Fifth Third Bancorp grew its position in shares of Robert Half by 94.3% in 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 during the period. Institutional investors and hedge funds own 92.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have 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. The Goldman Sachs Group lifted their price target on Robert Half from $26.00 to $29.00 and gave the stock a “sell” rating in a report on Friday, July 24th. Truist Financial boosted their price target on Robert Half from $40.00 to $50.00 and gave the stock a “buy” rating in a research 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 objective on the stock in a research note on Monday, July 27th. Finally, Weiss Ratings raised Robert Half from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, August 18th. Three investment analysts have rated the stock with a Buy rating, four have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $34.75.

Robert Half Stock Performance

Shares of RHI stock opened at $43.02 on Friday. The company has a market capitalization of $4.40 billion, a price-to-earnings ratio of 37.41 and a beta of 0.81. The company has a 50-day simple moving average of $39.59 and a 200 day simple moving average of $31.17. Robert Half Inc. has a 52 week low of $21.83 and a 52 week high of $46.70.

Robert Half (NYSE:RHI) last released its quarterly earnings results on Thursday, July 23rd. The business services provider reported $0.26 earnings per share for the quarter, meeting the consensus estimate of $0.26. The firm had revenue of $1.34 billion for 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 business’s revenue was down 2.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.41 EPS. Sell-side analysts forecast that Robert Half Inc. will post 1.27 EPS for the current year.

Robert Half Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, August 25th will be paid a dividend of $0.59 per share. The ex-dividend date is Tuesday, August 25th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 5.5%. Robert Half’s dividend payout ratio (DPR) is 205.22%.

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.