Public Sector Pension Investment Board Has $13.25 Million Stock Position in Robert Half Inc. $RHI

Public Sector Pension Investment Board lifted its stake in Robert Half Inc. (NYSE:RHI) by 13.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 389,970 shares of the business services provider’s stock after purchasing an additional 47,649 shares during the period. Public Sector Pension Investment Board’s holdings in Robert Half were worth $13,251,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Pinnacle Financial Partners Inc grew its position in shares of Robert Half by 0.8% during the 3rd quarter. Pinnacle Financial Partners Inc now owns 46,008 shares of the business services provider’s stock worth $1,563,000 after buying an additional 355 shares during the period. Janney Montgomery Scott LLC boosted its stake in Robert Half by 9.4% during the 2nd quarter. Janney Montgomery Scott LLC now owns 4,952 shares of the business services provider’s stock worth $203,000 after acquiring an additional 424 shares during the last quarter. Yousif Capital Management LLC grew its holdings in Robert Half by 1.1% during the second quarter. Yousif Capital Management LLC now owns 40,723 shares of the business services provider’s stock valued at $1,672,000 after purchasing an additional 427 shares during the period. Arizona State Retirement System increased its stake in Robert Half by 1.6% in the third quarter. Arizona State Retirement System now owns 30,231 shares of the business services provider’s stock valued at $1,027,000 after purchasing an additional 462 shares in the last quarter. Finally, Tributary Capital Management LLC raised its holdings in Robert Half by 3.4% in the second quarter. Tributary Capital Management LLC now owns 17,277 shares of the business services provider’s stock worth $709,000 after purchasing an additional 569 shares during the period. Institutional investors own 92.41% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. BMO Capital Markets reaffirmed a “market perform” rating and set a $35.00 price objective on shares of Robert Half in a research note on Monday, February 2nd. Zacks Research raised Robert Half from a “strong sell” rating to a “hold” rating in a research report on Monday, February 2nd. BNP Paribas Exane cut Robert Half from a “neutral” rating to an “underperform” rating and set a $22.00 price objective on the stock. in a report on Friday, December 5th. JPMorgan Chase & Co. increased their target price 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, Barclays cut their price target on shares of Robert Half from $45.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 23rd. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $33.50.

Robert Half Stock Down 2.5%

NYSE RHI opened at $24.76 on Monday. The firm’s 50 day moving average is $28.30 and its 200-day moving average is $30.78. The company has a market capitalization of $2.50 billion, a PE ratio of 18.61 and a beta of 0.88. Robert Half Inc. has a 12-month low of $24.45 and a 12-month high of $61.16.

Robert Half (NYSE:RHI) last issued its quarterly earnings results on Thursday, January 29th. The business services provider reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.02. Robert Half had a net margin of 2.47% and a return on equity of 10.20%. The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period in the previous year, the business earned $0.53 EPS. The company’s revenue was down 5.8% compared to the same quarter last year. As a group, sell-side analysts expect that Robert Half Inc. will post 2.48 EPS for the current year.

Robert Half Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Wednesday, February 25th will be issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 9.5%. The ex-dividend date is Wednesday, February 25th. Robert Half’s dividend payout ratio is presently 177.44%.

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.