Heartland Advisors Inc. Has $4.27 Million Stake in Robert Half Inc. $RHI

Heartland Advisors Inc. trimmed its stake in Robert Half Inc. (NYSE:RHI) by 54.7% in the third quarter, Holdings Channel.com reports. The firm owned 125,640 shares of the business services provider’s stock after selling 151,791 shares during the quarter. Heartland Advisors Inc.’s holdings in Robert Half were worth $4,269,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its position in Robert Half by 190.5% in the 2nd quarter. AQR Capital Management LLC now owns 6,201,209 shares of the business services provider’s stock worth $254,560,000 after buying an additional 4,066,328 shares in the last quarter. Qube Research & Technologies Ltd increased its holdings in Robert Half by 1,478.6% in the second quarter. Qube Research & Technologies Ltd now owns 1,145,456 shares of the business services provider’s stock worth $47,021,000 after buying an additional 1,072,895 shares during the last quarter. Norges Bank acquired a new stake in Robert Half in the second quarter valued at approximately $43,804,000. Man Group plc raised its holdings in shares of Robert Half by 775.7% during the 2nd quarter. Man Group plc now owns 654,458 shares of the business services provider’s stock valued at $26,866,000 after purchasing an additional 579,719 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Robert Half by 174.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 879,314 shares of the business services provider’s stock worth $36,096,000 after acquiring an additional 559,175 shares in the last quarter. 92.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. UBS Group reduced their price objective on shares of Robert Half from $30.00 to $27.00 and set a “sell” rating for the company in a research note on Thursday, October 23rd. Weiss Ratings reissued a “sell (d)” rating on shares of Robert Half in a research report on Monday, December 29th. BNP Paribas Exane downgraded Robert Half from a “neutral” rating to an “underperform” rating and set a $22.00 price target on the stock. in a research report on Friday, December 5th. JPMorgan Chase & Co. lifted their price objective on Robert Half from $29.00 to $31.00 and gave the stock a “neutral” rating in a research note on Friday, January 30th. Finally, Robert W. Baird set a $50.00 target price on Robert Half in a research note on Friday, January 30th. One analyst has rated the stock with a Buy rating, four have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $33.13.

Robert Half Stock Up 0.4%

RHI stock opened at $24.86 on Wednesday. Robert Half Inc. has a twelve month low of $24.35 and a twelve month high of $61.16. The company has a market cap of $2.52 billion, a PE ratio of 18.69 and a beta of 0.88. The business’s 50-day simple moving average is $28.23 and its 200 day simple moving average is $30.62.

Robert Half (NYSE:RHI) last announced its quarterly earnings data on Thursday, January 29th. The business services provider reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02. The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. Robert Half had a return on equity of 10.20% and a net margin of 2.47%.The company’s quarterly revenue was down 5.8% on a year-over-year basis. During the same quarter last year, the company earned $0.53 EPS. On average, equities research analysts anticipate that Robert Half Inc. will post 2.48 EPS for the current year.

Robert Half Announces Dividend

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

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.