Capital World Investors Boosts Stock Position in Robert Half Inc. $RHI

Capital World Investors grew its stake in Robert Half Inc. (NYSE:RHI) by 36.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 5,902,279 shares of the business services provider’s stock after acquiring an additional 1,561,146 shares during the quarter. Capital World Investors owned approximately 0.06% of Robert Half worth $160,306,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Pzena Investment Management LLC grew its position in shares of Robert Half by 33.8% in the third quarter. Pzena Investment Management LLC now owns 3,179,968 shares of the business services provider’s stock valued at $108,055,000 after purchasing an additional 802,691 shares in the last quarter. Deprince Race & Zollo Inc. raised its holdings in shares of Robert Half by 40.8% during the 4th quarter. Deprince Race & Zollo Inc. now owns 2,440,961 shares of the business services provider’s stock worth $66,297,000 after acquiring an additional 707,078 shares during the period. AMG National Trust Bank purchased a new position in shares of Robert Half during the 3rd quarter worth $1,372,000. Kiltearn Partners LLP raised its holdings in shares of Robert Half by 40.6% during the 3rd quarter. Kiltearn Partners LLP now owns 462,400 shares of the business services provider’s stock worth $15,712,000 after acquiring an additional 133,500 shares during the period. Finally, First National Bank of Omaha purchased a new position in shares of Robert Half during the 3rd quarter worth $6,455,000. 92.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Zacks Research lowered Robert Half from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 29th. Weiss Ratings lowered Robert Half from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 22nd. Barclays reduced their price target on Robert Half from $36.00 to $25.00 and set an “equal weight” rating on the stock in a report on Friday, March 6th. William Blair upgraded Robert Half from a “market perform” rating to an “outperform” rating in a report on Tuesday, April 21st. Finally, BMO Capital Markets reduced their price target 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. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Robert Half has an average rating of “Reduce” and an average target price of $31.75.

Robert Half Trading Down 0.9%

Shares of NYSE:RHI opened at $30.99 on Tuesday. The business has a 50-day moving average price of $26.86 and a 200 day moving average price of $26.82. The company has a market capitalization of $3.17 billion, a price-to-earnings ratio of 23.84 and a beta of 0.84. Robert Half Inc. has a 12-month low of $21.83 and a 12-month high of $45.67.

Robert Half (NYSE:RHI) last issued its quarterly earnings data on Thursday, April 23rd. The business services provider reported $0.14 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.14. The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.34 billion. Robert Half had a return on equity of 10.14% and a net margin of 2.43%.The company’s quarterly revenue was down 3.8% on a year-over-year basis. During the same period last year, the company earned $0.17 EPS. As a group, equities research analysts predict that Robert Half Inc. will post 1.29 earnings per share for the current fiscal year.

Robert Half Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 22nd will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date of this dividend is Friday, May 22nd. Robert Half’s dividend payout ratio (DPR) is presently 181.54%.

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.