Robert Half Inc. $RHI Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue trimmed its position in shares of Robert Half Inc. (NYSE:RHI) by 56.9% during the third quarter, Holdings Channel reports. The firm owned 16,902 shares of the business services provider’s stock after selling 22,290 shares during the quarter. State of Alaska Department of Revenue’s holdings in Robert Half were worth $621,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in RHI. Elevation Wealth Partners LLC lifted its stake in Robert Half by 605.6% during the 2nd quarter. Elevation Wealth Partners LLC now owns 1,136 shares of the business services provider’s stock worth $35,000 after acquiring an additional 975 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Robert Half during the second quarter worth about $39,000. Quantbot Technologies LP acquired a new stake in shares of Robert Half during the second quarter worth about $39,000. Fortitude Family Office LLC lifted its position in shares of Robert Half by 315.8% during the third quarter. Fortitude Family Office LLC now owns 1,372 shares of the business services provider’s stock worth $50,000 after purchasing an additional 1,042 shares in the last quarter. Finally, Global Retirement Partners LLC purchased a new position in shares of Robert Half in the second quarter valued at approximately $44,000. 92.41% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Robert Half

Here are the key news stories impacting Robert Half this week:

• Positive Sentiment: Earnings beat expectations: Robert Half reported third-quarter revenue of $1.359 billion, broadly in line with estimates, while earnings per share rose to $0.49 from $0.43 a year earlier and exceeded the $0.47 consensus. Robert Half Reports Third-Quarter Financial Results
• Positive Sentiment: Talent Solutions returned to growth: Adjusted Talent Solutions revenue increased 2% year over year, its first increase since 2022. Permanent placement revenue grew 6%, while contract talent revenue increased 1%, suggesting staffing demand is stabilizing. Robert Half: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Improving demand and guidance: Management cited better hiring activity, stronger October trends in key staffing categories, and improving demand for risk and compliance consulting. Fourth-quarter guidance implies approximately 3% adjusted revenue growth and roughly 30% earnings growth at the midpoint. How Staffing Firm Robert Half Is Bucking a Stalling Job Market
• Positive Sentiment: Compliance opportunity: Recent regulatory enforcement and bank fines are creating a potentially lucrative pipeline for Robert Half’s risk and compliance consulting business. Management also said artificial intelligence is changing required skills rather than eliminating demand for staffing and consulting roles. Why Robert Half Stock Jumped More Than 20% Today
• Neutral Sentiment: Analyst reaction was supportive but cautious: JPMorgan raised its price target from $40 to $45 but maintained a “neutral” rating, while other brokerages reportedly lifted targets following the results. Robert Half Stock Rises as Analysts Lift Targets

Analyst Ratings Changes

RHI has been the topic of several recent research reports. JPMorgan Chase & Co. upped their target price on shares of Robert Half from $40.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday. Weiss Ratings lowered shares of Robert Half from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, October 9th. Jefferies Financial Group reissued an “underperform” rating and issued a $33.00 price target on shares of Robert Half in a research report on Friday. Robert W. Baird set a $53.00 price target on shares of Robert Half in a research note on Friday. Finally, BMO Capital Markets upgraded 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 research note on Monday, July 27th. Three equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $38.50.

Robert Half Price Performance

Shares of NYSE RHI opened at $46.02 on Friday. The company has a market cap of $4.71 billion, a price-to-earnings ratio of 38.04 and a beta of 0.84. The stock’s 50-day moving average is $38.81 and its two-hundred day moving average is $34.25. Robert Half Inc. has a 1-year low of $21.83 and a 1-year high of $47.14.

Robert Half (NYSE:RHI) last posted its quarterly earnings results on Thursday, October 22nd. The business services provider reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.36 billion. Robert Half had a return on equity of 9.83% and a net margin of 2.30%. Robert Half’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter last year, the company earned $0.43 EPS. Equities research analysts anticipate that Robert Half Inc. will post 1.27 earnings per share for the current fiscal year.

Robert Half Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, August 25th were paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date was Tuesday, August 25th. Robert Half’s dividend payout ratio is presently 195.04%.

Robert Half Profile

Robert Half Inc (NYSE: RHI) is a global talent solutions and business consulting company. Through its Robert Half brand, the company provides temporary, project-based and permanent staffing services, connecting employers with professionals in accounting and finance, administrative and customer support, technology, legal, and marketing and creative fields.

Robert Half also operates Protiviti, a global consulting firm that helps organizations address internal audit, risk and compliance, technology, business performance, and digital transformation challenges.