104,700 Shares in Robert Half Inc. $RHI Acquired by Greenhaven Associates Inc.

Greenhaven Associates Inc. purchased a new stake in Robert Half Inc. (NYSE:RHI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 104,700 shares of the business services provider’s stock, valued at approximately $2,844,000. Robert Half accounts for about 0.0% of Greenhaven Associates Inc.’s holdings, making the stock its 20th largest holding. Greenhaven Associates Inc. owned approximately 0.10% of Robert Half at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Royal Bank of Canada raised its stake in shares of Robert Half by 19.3% in the 1st quarter. Royal Bank of Canada now owns 38,352 shares of the business services provider’s stock valued at $2,092,000 after acquiring an additional 6,212 shares during the period. Jones Financial Companies Lllp boosted its position in Robert Half by 498.7% during the 1st quarter. Jones Financial Companies Lllp now owns 6,813 shares of the business services provider’s stock worth $372,000 after purchasing an additional 5,675 shares during the period. Goldman Sachs Group Inc. increased its holdings in Robert Half by 2.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 304,359 shares of the business services provider’s stock valued at $16,603,000 after purchasing an additional 7,523 shares in the last quarter. Empowered Funds LLC increased its holdings in Robert Half by 91.8% in the 1st quarter. Empowered Funds LLC now owns 55,719 shares of the business services provider’s stock valued at $3,039,000 after purchasing an additional 26,672 shares in the last quarter. Finally, Sivia Capital Partners LLC raised its position in Robert Half by 94.6% in the second quarter. Sivia Capital Partners LLC now owns 8,098 shares of the business services provider’s stock valued at $332,000 after purchasing an additional 3,937 shares during the period. 92.41% of the stock is owned by institutional investors and hedge funds.

Robert Half Price Performance

Robert Half stock opened at $23.32 on Friday. Robert Half Inc. has a 12-month low of $21.83 and a 12-month high of $55.24. The company has a market capitalization of $2.36 billion, a price-to-earnings ratio of 17.54 and a beta of 0.90. The firm’s fifty day moving average price is $26.49 and its 200 day moving average price is $28.76.

Robert Half (NYSE:RHI) last posted its quarterly earnings data 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. The company had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Robert Half had a net margin of 2.47% and a return on equity of 10.26%. The firm’s revenue for the quarter was down 5.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.53 EPS. Analysts forecast that Robert Half Inc. will post 2.48 earnings per share for the current fiscal year.

Robert Half Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Wednesday, February 25th were issued a $0.59 dividend. The ex-dividend date of this dividend was Wednesday, February 25th. This represents a $2.36 dividend on an annualized basis and a yield of 10.1%. Robert Half’s dividend payout ratio is currently 177.44%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on RHI shares. Barclays reduced their price objective on Robert Half from $36.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Friday, March 6th. Robert W. Baird set a $50.00 target price on Robert Half in a research note on Friday, January 30th. BMO Capital Markets dropped their target price on Robert Half from $35.00 to $32.00 and set a “market perform” rating on the stock in a report on Tuesday, February 17th. Weiss Ratings reissued a “sell (d)” rating on shares of Robert Half in a research report on Monday, December 29th. Finally, The Goldman Sachs Group upped their price target on Robert Half from $24.00 to $27.00 and gave the stock a “sell” rating in a report on Tuesday, February 3rd. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, Robert Half has an average rating of “Reduce” and a consensus target price of $31.75.

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.