95,108 Shares of Robert Half Inc. $RHI Acquired by Leuthold Group LLC

Leuthold Group LLC bought a new position in shares of Robert Half Inc. (NYSE:RHI) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 95,108 shares of the business services provider’s stock, valued at approximately $3,495,000.

Other hedge funds and other institutional investors 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 valued at approximately $7,727,000. Proficio Capital Partners LLC purchased a new stake in Robert Half in the second quarter worth $387,000. Cornerstone Capital Inc. bought a new position in Robert Half in the second quarter worth $8,136,000. Legal & General Group Plc bought a new position in Robert Half in the second quarter worth $9,450,000. Finally, Tidal Investments LLC lifted its position in Robert Half by 34.4% during the second quarter. Tidal Investments LLC now owns 62,884 shares of the business services provider’s stock valued at $1,931,000 after buying an additional 16,101 shares during the period. Hedge funds and other institutional investors own 92.41% of the company’s stock.

Robert Half Stock Performance

Shares of RHI stock opened at $42.12 on Tuesday. Robert Half Inc. has a one year low of $21.83 and a one year high of $47.14. The company’s 50-day moving average is $38.60 and its 200 day moving average is $32.69. The company has a market capitalization of $4.31 billion, a price-to-earnings ratio of 37.15 and a beta of 0.76.

Robert Half (NYSE:RHI) last issued its earnings results on Thursday, October 22nd. The business services provider reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.02. The firm 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%. During the same quarter in the prior year, the firm posted $0.43 earnings per share. The business’s revenue was up .4% on a year-over-year basis. As a group, research analysts predict that Robert Half Inc. will post 1.29 earnings per share for the current fiscal year.

Robert Half Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Investors 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 5.6%. Robert Half’s dividend payout ratio is 195.04%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on RHI. Barclays lifted their price target on shares of Robert Half from $25.00 to $40.00 and gave the company an “equal weight” rating in a research report on Monday, October 26th. Jefferies Financial Group reiterated an “underperform” rating and set a $33.00 target price on shares of Robert Half in a report on Friday, October 23rd. BMO Capital Markets boosted their price target on Robert Half from $47.00 to $50.00 and gave the stock an “outperform” rating in a research report on Monday, October 26th. Robert W. Baird set a $53.00 price objective on Robert Half in a research report on Friday, October 23rd. Finally, The Goldman Sachs Group raised their price objective on Robert Half from $29.00 to $33.00 and gave the company a “sell” rating in a research 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 company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $40.75.

About Robert Half

Robert Half, Inc is a global talent solutions company that provides staffing and recruitment services to businesses and job seekers. It places professionals in temporary, project-based and permanent roles, with expertise in fields including finance and accounting, technology, marketing and creative, legal, and administrative support.

The company also provides business and technology consulting through Protiviti, its consulting subsidiary. Protiviti advises organizations on areas such as risk management, internal audit, compliance, cybersecurity, technology and business performance.

Founded in 1948, Robert Half serves clients through offices and operations in North America, South America, Europe and the Asia-Pacific region.