Public Employees Retirement System of Ohio Makes New $863,000 Investment in Robert Half Inc. $RHI

Public Employees Retirement System of Ohio bought a new position in Robert Half Inc. (NYSE:RHI) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 28,114 shares of the business services provider’s stock, valued at approximately $863,000.

A number of other institutional investors have also recently made changes to their positions in RHI. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Robert Half during the second quarter valued at approximately $34,000. Gilpin Wealth Management LLC purchased a new stake in Robert Half during the 4th quarter valued at $27,000. Larson Financial Group LLC increased its holdings in shares of Robert Half by 321.0% in the 4th quarter. Larson Financial Group LLC now owns 1,002 shares of the business services provider’s stock worth $27,000 after purchasing an additional 764 shares in the last quarter. Danske Bank A S bought a new stake in shares of Robert Half in the 3rd quarter worth $37,000. Finally, Elevation Wealth Partners LLC raised its stake in shares of 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 worth $35,000 after purchasing an additional 975 shares during the last quarter. Hedge funds and other institutional investors own 92.41% of the company’s stock.

Robert Half Stock Performance

RHI stock opened at $38.55 on Thursday. The company has a market cap of $3.95 billion, a price-to-earnings ratio of 33.52 and a beta of 0.81. The business’s 50-day moving average is $40.26 and its two-hundred day moving average is $31.59. Robert Half Inc. has a fifty-two week low of $21.83 and a fifty-two 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 EPS for the quarter, meeting the consensus estimate 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 during the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the prior year, the firm earned $0.41 EPS. The business’s revenue for the quarter was down 2.4% compared to the same quarter last year. Equities analysts predict that Robert Half Inc. will post 1.27 earnings per share for the current year.

Robert Half Announces Dividend

The firm 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 $0.59 dividend. The ex-dividend date is Tuesday, August 25th. This represents a $2.36 annualized dividend and a yield of 6.1%. Robert Half’s dividend payout ratio (DPR) is presently 205.22%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. The Goldman Sachs Group increased their price objective on Robert Half from $26.00 to $29.00 and gave the company a “sell” rating in a research report on Friday, July 24th. 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 target on shares of Robert Half in a research note on Monday, July 27th. Weiss Ratings raised shares of Robert Half from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, August 18th. Finally, Truist Financial boosted their price objective on shares of Robert Half from $40.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. Three equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company 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.