Pzena Investment Management LLC Buys 1,571,883 Shares of Robert Half Inc. $RHI

Pzena Investment Management LLC grew its stake in Robert Half Inc. (NYSE:RHI) by 35.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,966,734 shares of the business services provider’s stock after purchasing an additional 1,571,883 shares during the period. Pzena Investment Management LLC owned about 5.83% of Robert Half worth $151,555,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. AQR Capital Management LLC grew its position in Robert Half by 190.5% during the second 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. Capital World Investors raised its holdings in Robert Half by 460.5% in the 3rd quarter. Capital World Investors now owns 4,341,133 shares of the business services provider’s stock valued at $147,512,000 after acquiring an additional 3,566,645 shares in the last quarter. Brickwood Asset Management LLP bought a new stake in shares of Robert Half in the 4th quarter worth approximately $34,908,000. Norges Bank bought a new stake in shares of Robert Half in the 4th quarter worth approximately $33,832,000. Finally, Jacobs Levy Equity Management Inc. grew its holdings in shares of Robert Half by 112.3% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 2,079,623 shares of the business services provider’s stock worth $56,483,000 after purchasing an additional 1,100,008 shares in the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on RHI. Zacks Research cut Robert Half from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 29th. Barclays decreased their price target 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. William Blair raised shares of Robert Half from a “market perform” rating to an “outperform” rating in a report on Tuesday, April 21st. Finally, Weiss Ratings upgraded shares of Robert Half from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, June 17th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $31.75.

Robert Half Trading Up 7.2%

Shares of RHI opened at $32.91 on Thursday. The stock has a market cap of $3.37 billion, a PE ratio of 25.32 and a beta of 0.84. Robert Half Inc. has a 1 year low of $21.83 and a 1 year high of $43.69. The stock has a 50 day simple moving average of $28.86 and a 200-day simple moving average of $27.34.

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

Robert Half Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 22nd were issued a $0.59 dividend. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $2.36 annualized dividend and a dividend yield of 7.2%. Robert Half’s dividend payout ratio is presently 181.54%.

Robert Half Company 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.