Robert Half Inc. $RHI Holdings Lessened by Pzena Investment Management LLC

Pzena Investment Management LLC lowered its holdings in Robert Half Inc. (NYSE:RHI) by 13.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,405,276 shares of the business services provider’s stock after selling 817,029 shares during the quarter. Pzena Investment Management LLC owned about 0.05% of Robert Half worth $198,644,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Assenagon Asset Management S.A. bought a new stake in shares of Robert Half during the second quarter worth about $7,727,000. Proficio Capital Partners LLC bought a new position in Robert Half in the 2nd quarter valued at about $387,000. Cornerstone Capital Inc. acquired a new position in Robert Half during the 2nd quarter valued at about $8,136,000. Legal & General Group Plc acquired a new position in Robert Half during the 2nd quarter valued at about $9,450,000. Finally, Tidal Investments LLC boosted its stake in Robert Half by 34.4% during the 2nd quarter. Tidal Investments LLC now owns 62,884 shares of the business services provider’s stock valued at $1,931,000 after purchasing an additional 16,101 shares during the last quarter. 92.41% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

RHI has been the subject of a number of recent research reports. Weiss Ratings raised Robert Half from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, October 23rd. Robert W. Baird set a $53.00 price objective on Robert Half in a research note on Friday, October 23rd. The Goldman Sachs Group raised their price target on shares of Robert Half from $29.00 to $33.00 and gave the company a “sell” rating in a research report on Friday, October 23rd. BMO Capital Markets boosted their price target on shares of Robert Half from $47.00 to $50.00 and gave the stock an “outperform” rating in a report on Monday, October 26th. Finally, Jefferies Financial Group restated an “underperform” rating and set a $33.00 price target on shares of Robert Half in a report on Friday, October 23rd. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $40.75.

Robert Half Price Performance

Shares of NYSE:RHI opened at $44.76 on Thursday. Robert Half Inc. has a 1 year low of $21.83 and a 1 year high of $47.14. The company has a market capitalization of $4.58 billion, a PE ratio of 37.00 and a beta of 0.76. The business has a fifty day moving average price of $38.76 and a two-hundred day moving average price of $32.47.

Robert Half (NYSE:RHI) last issued its quarterly earnings results on Thursday, October 22nd. The business services provider reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.36 billion. Robert Half had a net margin of 2.30% and a return on equity of 9.89%. The firm’s quarterly revenue was up .4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.43 EPS. Sell-side analysts anticipate that Robert Half Inc. will post 1.29 earnings per share for the current year.

Robert Half Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Wednesday, November 25th will be given a $0.59 dividend. The ex-dividend date of this dividend is Wednesday, November 25th. This represents a $2.36 annualized dividend and a yield of 5.3%. Robert Half’s payout ratio is currently 195.04%.

Robert Half Company Profile

Robert Half Inc (NYSE: RHI) is a global talent solutions and business consulting company. Through its Robert Half brand, the company provides temporary, project-based and permanent staffing services, connecting employers with professionals in accounting and finance, administrative and customer support, technology, legal, and marketing and creative fields.

Robert Half also operates Protiviti, a global consulting firm that helps organizations address internal audit, risk and compliance, technology, business performance, and digital transformation challenges.