Robert Half Inc (NYSE: RHI) is -10.42% lower on its value in year-to-date trading and has touched a low of $64.65 and a high of $88.39 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The RHI stock was last observed hovering at around $80.46 in the last trading session, with the day’s loss setting it -1.7%.
Currently trading at $78.76, the stock is -2.06% and -2.68% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.87 million and changing -2.11% at the moment leaves the stock 1.33% off its SMA200. RHI registered 2.09% gain for a year compared to 6-month gain of 8.44%. The firm has a 50-day simple moving average (SMA 50) of $1.22 and a 200-day simple moving average (SMA200) of $15.03.
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The stock witnessed a -1.17% loss in the last 1 month and extending the period to 3 months gives it a -5.92%, and is -1.87% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.92% over the week and 1.80% over the month.
Robert Half Inc (RHI) has around 132000 employees, a market worth around $8.29B and $6.39B in sales. Current P/E ratio is 20.34 and Fwd P/E is 17.69. Profit margin for the company is 6.43%. Distance from 52-week low is 21.83% and -10.89% from its 52-week high. The company has generated returns on investments over the last 12 months (23.50%).
Robert Half Inc quarterly earnings per share for the current quarter are estimated at $0.61 with sales reaching $1.49B over the same period.The EPS is expected to shrink by -13.01% this year, but quarterly earnings will post -3.60% year-over-year. Quarterly sales are estimated to shrink -13.30% in year-over-year returns.
845 institutions hold shares in Robert Half Inc (RHI), with institutional investors hold 98.71% of the company’s shares. The shares outstanding are 105.21M, and float is at 102.22M with Short Float at 4.72%. Institutions hold 95.90% of the Float.
The top institutional shareholder in the company is Capital World Investors with over 13.62 million shares valued at $1.02 billion. The investor’s holdings represent 12.72% of the RHI Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 12.91 million shares valued at $971.21 million to account for 12.06% of the shares outstanding. The other top investors are Blackrock Inc. which holds 10.24 million shares representing 9.56% and valued at over $770.11 million, while State Street Corporation holds 4.34% of the shares totaling 4.65 million with a market value of $349.58 million.
Robert Half Inc (RHI) Insider Activity
The most recent transaction is an insider sale by GLASS ROBERT W, the company’s Executive Vice President. SEC filings show that GLASS ROBERT W sold 7,500 shares of the company’s common stock on Mar 07 ’24 at a price of $80.46 per share for a total of $0.6 million. Following the sale, the insider now owns 0.19 million shares.
Robert Half Inc disclosed in a document filed with the SEC on Nov 30 ’23 that GLASS ROBERT W (Executive Vice President) sold a total of 15,365 shares of the company’s common stock. The trade occurred on Nov 30 ’23 and was made at $81.46 per share for $1.25 million. Following the transaction, the insider now directly holds 0.19 million shares of the RHI stock.
Still, SEC filings show that on Aug 29 ’23, GLASS ROBERT W (Executive Vice President) disposed off 14,751 shares at an average price of $75.15 for $1.11 million. The insider now directly holds 209,927 shares of Robert Half Inc (RHI).
