Robert Half Inc. $RHI Shares Bought by Robinson Value Management Ltd.

Robinson Value Management Ltd. lifted its stake in shares of Robert Half Inc. (NYSE:RHI) by 225.2% in the first quarter, Holdings Channel.com reports. The fund owned 198,196 shares of the business services provider’s stock after acquiring an additional 137,250 shares during the quarter. Robert Half makes up approximately 2.8% of Robinson Value Management Ltd.’s investment portfolio, making the stock its 7th biggest position. Robinson Value Management Ltd.’s holdings in Robert Half were worth $5,034,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in RHI. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its holdings in Robert Half by 92.6% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 19,736 shares of the business services provider’s stock valued at $501,000 after acquiring an additional 9,491 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Robert Half by 1.9% in the 1st quarter. Principal Financial Group Inc. now owns 481,617 shares of the business services provider’s stock worth $12,233,000 after purchasing an additional 8,817 shares during the period. Chicago Partners Investment Group LLC lifted its position in shares of Robert Half by 23.3% in the 1st quarter. Chicago Partners Investment Group LLC now owns 34,938 shares of the business services provider’s stock worth $887,000 after purchasing an additional 6,605 shares during the period. Fifth Third Bancorp lifted its position in shares of Robert Half by 1,690.4% in the 1st quarter. Fifth Third Bancorp now owns 24,492 shares of the business services provider’s stock worth $622,000 after purchasing an additional 23,124 shares during the period. Finally, Shayne & Jacobs LLC boosted its stake in shares of Robert Half by 7.5% in the 1st quarter. Shayne & Jacobs LLC now owns 153,425 shares of the business services provider’s stock valued at $3,897,000 after purchasing an additional 10,660 shares during the last quarter. 92.41% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

RHI has been the subject of several recent analyst reports. The Goldman Sachs Group increased their price objective on shares of Robert Half from $23.00 to $26.00 and gave the stock a “sell” rating in a research report on Tuesday. Zacks Research lowered Robert Half from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 29th. Weiss Ratings raised Robert Half from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, June 17th. Finally, William Blair raised Robert Half from a “market perform” rating to an “outperform” rating in a research note on Tuesday, April 21st. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $31.62.

Robert Half Stock Up 3.1%

NYSE:RHI opened at $36.76 on Thursday. The company has a fifty day moving average of $30.25 and a 200-day moving average of $27.78. The firm has a market capitalization of $3.76 billion, a P/E ratio of 28.27 and a beta of 0.82. Robert Half Inc. has a twelve month low of $21.83 and a twelve month high of $43.28.

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

Robert Half Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 22nd were issued a dividend of $0.59 per share. The ex-dividend date was Friday, May 22nd. This represents a $2.36 annualized dividend and a dividend yield of 6.4%. Robert Half’s dividend payout ratio is currently 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.