ING Groep NV Takes Position in Robert Half Inc. $RHI

ING Groep NV purchased a new position in Robert Half Inc. (NYSE:RHI) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 81,800 shares of the business services provider’s stock, valued at approximately $2,780,000. ING Groep NV owned about 0.08% of Robert Half as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Pinnacle Financial Partners Inc raised its position in Robert Half by 0.8% in the third quarter. Pinnacle Financial Partners Inc now owns 46,008 shares of the business services provider’s stock worth $1,563,000 after acquiring an additional 355 shares during the period. Janney Montgomery Scott LLC grew its position in shares of Robert Half by 9.4% during the 2nd quarter. Janney Montgomery Scott LLC now owns 4,952 shares of the business services provider’s stock valued at $203,000 after acquiring an additional 424 shares during the period. Yousif Capital Management LLC increased its stake in shares of Robert Half by 1.1% during the 2nd quarter. Yousif Capital Management LLC now owns 40,723 shares of the business services provider’s stock worth $1,672,000 after purchasing an additional 427 shares during the last quarter. Arizona State Retirement System raised its holdings in shares of Robert Half by 1.6% in the 3rd quarter. Arizona State Retirement System now owns 30,231 shares of the business services provider’s stock worth $1,027,000 after purchasing an additional 462 shares during the period. Finally, Tributary Capital Management LLC raised its holdings in shares of Robert Half by 3.4% in the 2nd quarter. Tributary Capital Management LLC now owns 17,277 shares of the business services provider’s stock worth $709,000 after purchasing an additional 569 shares during the period. Institutional investors own 92.41% of the company’s stock.

Robert Half Stock Performance

NYSE:RHI opened at $24.76 on Friday. The business’s fifty day moving average is $28.30 and its 200 day moving average is $30.88. The firm has a market cap of $2.50 billion, a price-to-earnings ratio of 18.61 and a beta of 0.88. Robert Half Inc. has a 52-week low of $24.45 and a 52-week high of $61.16.

Robert Half (NYSE:RHI) last posted its earnings results on Thursday, January 29th. The business services provider reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.02. Robert Half had a return on equity of 10.20% and a net margin of 2.47%.The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the previous year, the firm earned $0.53 EPS. The company’s quarterly revenue was down 5.8% compared to the same quarter last year. Equities analysts predict that Robert Half Inc. will post 2.48 EPS for the current fiscal year.

Robert Half Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Wednesday, February 25th will be paid a dividend of $0.59 per share. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a $2.36 annualized dividend and a yield of 9.5%. Robert Half’s payout ratio is currently 177.44%.

Analyst Ratings Changes

Several equities analysts have weighed in on RHI shares. The Goldman Sachs Group increased their price objective on Robert Half from $24.00 to $27.00 and gave the company a “sell” rating in a report on Tuesday, February 3rd. UBS Group dropped their price target on Robert Half from $30.00 to $27.00 and set a “sell” rating on the stock in a research report on Thursday, October 23rd. Barclays decreased their price objective on Robert Half from $45.00 to $36.00 and set an “equal weight” rating for the company in a report on Thursday, October 23rd. BMO Capital Markets restated a “market perform” rating and issued a $35.00 price objective on shares of Robert Half in a research note on Monday, February 2nd. Finally, Zacks Research upgraded shares of Robert Half from a “strong sell” rating to a “hold” rating in a research report on Monday, February 2nd. One analyst has rated the stock with a Buy rating, four have given a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, Robert Half currently has an average rating of “Reduce” and a consensus price target of $33.50.

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.