Stocks of Robert Half Inc. (NYSE:RHI) traded higher last session on Wall Street, down -3.02% to $73.15.
RHI stock price is now -0.69% away from the 50-day moving average and -3.73% away from the 200-day moving average. The market capitalization of the company currently stands at $8.18B.
With the price target of $76, Redburn recently initiated with Neutral rating for Robert Half Inc. (NYSE: RHI).
In other news, GLASS ROBERT W, Executive Vice President sold 12,500 shares of the company’s stock on Mar 03. The stock was sold for $1,011,812 at an average price of $80.94. Upon completion of the transaction, the Executive Vice President now directly owns 217,049 shares in the company, valued at $15.88 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 22, Director Kempthorne Dirk A sold 3,456 shares of the business’s stock. A total of $278,338 was realized by selling the stock at an average price of $80.54. This leaves the insider owning 10,828 shares of the company worth $0.79 million. Insiders disposed of 259,672 shares of company stock worth roughly $19.0 million over the past 1 year. A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in RHI stock. A new stake in Robert Half Inc. shares was purchased by SOUND SHORE MANAGEMENT INC /CT/ during the first quarter worth $52,972,000. BRANDYWINE GLOBAL INVESTMENT MANAGEMENT, LLC invested $5,044,000 in shares of RHI during the first quarter. In the first quarter, EXODUSPOINT CAPITAL MANAGEMENT, LP acquired a new stake in Robert Half Inc. valued at approximately $3,186,000. KINGSVIEW WEALTH MANAGEMENT, LLC acquired a new stake in RHI for approximately $3,068,000. MIZUHO MARKETS AMERICAS LLC purchased a new stake in RHI valued at around $1,766,000 in the second quarter. In total, there are 868 active investors with 98.20% ownership of the company’s stock.
Thursday’s opening bell rang with an opening price of $75.57 for Robert Half Inc. (NYSE: RHI). During the past 12 months, Robert Half Inc. has had a low of $64.65 and a high of $89.78. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 2.00, and a quick ratio of 2.00. The fifty day moving average price for RHI is $73.77 and a two-hundred day moving average price translates $75.96 for the stock.
The latest earnings results from Robert Half Inc. (NYSE: RHI) was released for Jun, 2023. According to the Staffing & Employment Services Company, earnings per share came in at $1, missing analysts’ expectations of $1.14 by -0.14. This compares to $1.52 EPS in the same period last year. The net profit margin was 8.60% and return on equity was 39.90% for RHI. The company reported revenue of $1.72 billion for the quarter, compared to $1.81 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -5.43 percent. For the current quarter, analysts expect RHI to generate $1.55B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/15/2023. Investors who held shares on 05/25/2023 were paid a $0.48 dividend. On an annualized basis, this represents a $1.92 dividend and a 2.62% percent yield. There was an ex-dividend date of 05/24/2023 for this dividend. In terms of dividend payout ratio, RHI is presently at 31.10%.
Robert Half Inc.(RHI) Company Profile
Robert Half Inc. provides talent solutions and business consulting services in North America, South America, Europe, Asia, and Australia. The company operates through three segments: Contract Talent Solutions, Permanent Placement Talent Solutions, and Protiviti. The Contract Talent Solutions segment provides contract engagement professionals in the fields of finance and accounting, technology, marketing and creative, legal and administrative, and customer support. This segment markets its services to clients and employment candidates through both national and local advertising activities, including radio, digital advertising, job boards, alliance partners, and events. The Permanent Placement Talent Solutions segment engages in the placement of full-time accounting, finance, and tax and accounting operations personnel. The Protiviti segment offers consulting services in the areas of internal audit, technology consulting, risk and compliance consulting, digital transformation, legal consulting, and business performance improvement. The company offers it services under the Robert Half brand name. The company was formerly known as Robert Half International Inc. and changed its name to Robert Half Inc. in July 2023. The company was founded in 1948 and is headquartered in Menlo Park, California.
