Robert Half Inc. $RHI Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC grew its holdings in shares of Robert Half Inc. (NYSE:RHI) by 389.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 248,295 shares of the business services provider’s stock after purchasing an additional 197,575 shares during the quarter. SG Americas Securities LLC owned approximately 0.25% of Robert Half worth $6,744,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of RHI. Pzena Investment Management LLC raised its holdings in Robert Half by 33.8% in the 3rd quarter. Pzena Investment Management LLC now owns 3,179,968 shares of the business services provider’s stock valued at $108,055,000 after acquiring an additional 802,691 shares during the last quarter. Evergreen Capital Management LLC purchased a new position in Robert Half during the third quarter worth approximately $1,204,000. Frank Rimerman Advisors LLC purchased a new position in Robert Half during the third quarter worth approximately $1,860,000. AMG National Trust Bank acquired a new position in Robert Half during the third quarter worth $1,372,000. Finally, Kiltearn Partners LLP boosted its stake in Robert Half by 40.6% during the third quarter. Kiltearn Partners LLP now owns 462,400 shares of the business services provider’s stock worth $15,712,000 after buying an additional 133,500 shares during the last quarter. Hedge funds and other institutional investors own 92.41% of the company’s stock.

Robert Half Stock Down 1.5%

Shares of Robert Half stock opened at $25.36 on Wednesday. The firm has a market cap of $2.57 billion, a PE ratio of 19.07 and a beta of 0.90. Robert Half Inc. has a 52 week low of $21.83 and a 52 week high of $55.24. The business’s fifty day simple moving average is $26.03 and its 200-day simple moving average is $28.09.

Robert Half (NYSE:RHI) last issued its quarterly earnings data on Thursday, January 29th. The business services provider reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02. Robert Half had a return on equity of 10.26% and a net margin of 2.47%.The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period last year, the company earned $0.53 EPS. The company’s quarterly revenue was down 5.8% on a year-over-year basis. As a group, equities analysts expect that Robert Half Inc. will post 2.48 earnings per share for the current year.

Robert Half Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Wednesday, February 25th were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 9.3%. The ex-dividend date of this dividend was Wednesday, February 25th. Robert Half’s payout ratio is 177.44%.

Analyst Ratings Changes

A number of analysts have issued reports on the company. The Goldman Sachs Group raised their target price on Robert Half from $24.00 to $27.00 and gave the stock a “sell” rating in a research note on Tuesday, February 3rd. Weiss Ratings reissued a “sell (d)” rating on shares of Robert Half in a report on Monday, December 29th. Zacks Research upgraded shares of Robert Half from a “strong sell” rating to a “hold” rating in a research report on Monday, February 2nd. Truist Financial lifted their target price on shares of Robert Half from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. Finally, Robert W. Baird set a $50.00 target price on shares of Robert Half in a report on Friday, January 30th. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $31.75.

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.