Robert Half Inc. $RHI Shares Bought by Pzena Investment Management LLC

Pzena Investment Management LLC raised its holdings in Robert Half Inc. (NYSE:RHI) by 38.2% during the fourth quarter, HoldingsChannel reports. The firm owned 4,394,851 shares of the business services provider’s stock after buying an additional 1,214,883 shares during the period. Pzena Investment Management LLC’s holdings in Robert Half were worth $119,364,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of RHI. Royal Bank of Canada increased its stake in shares of Robert Half by 19.3% during the first quarter. Royal Bank of Canada now owns 38,352 shares of the business services provider’s stock worth $2,092,000 after acquiring an additional 6,212 shares during the period. Jones Financial Companies Lllp grew its position in Robert Half by 498.7% during the first quarter. Jones Financial Companies Lllp now owns 6,813 shares of the business services provider’s stock worth $372,000 after buying an additional 5,675 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Robert Half by 2.5% in the first 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 lifted its holdings in shares of Robert Half by 91.8% in the first 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 lifted its holdings in shares of 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 in the last quarter. 92.41% of the stock is currently owned by institutional investors and hedge funds.

Robert Half Price Performance

NYSE RHI opened at $27.19 on Friday. Robert Half Inc. has a 12 month low of $21.83 and a 12 month high of $46.69. The company has a market capitalization of $2.78 billion, a price-to-earnings ratio of 20.92 and a beta of 0.80. The company’s fifty day moving average price is $25.46 and its two-hundred day moving average price is $26.58.

Robert Half (NYSE:RHI) last posted its quarterly earnings data on Thursday, April 23rd. The business services provider reported $0.14 EPS for the quarter, meeting analysts’ consensus estimates of $0.14. Robert Half had a net margin of 2.43% and a return on equity of 10.14%. The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the prior year, the firm posted $0.17 EPS. The firm’s revenue was down 3.8% compared to the same quarter last year. As a group, analysts anticipate that Robert Half Inc. will post 1.29 EPS for the current year.

Robert Half Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 22nd will be paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 8.7%. The ex-dividend date is Friday, May 22nd. Robert Half’s dividend payout ratio is 181.54%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. JPMorgan Chase & Co. upped their price objective on shares of Robert Half from $29.00 to $31.00 and gave the company a “neutral” rating in a research note on Friday, January 30th. The Goldman Sachs Group upped their price target on shares of Robert Half from $24.00 to $27.00 and gave the stock a “sell” rating in a research report on Tuesday, February 3rd. Weiss Ratings raised shares of Robert Half from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. Barclays cut their target price on shares of 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. Finally, Zacks Research lowered shares of Robert Half from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 29th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, Robert Half presently has an average rating of “Reduce” and an average price target of $31.75.

About Robert Half

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.