Thrivent Financial for Lutherans grew its holdings in shares of Robert Half Inc. (NYSE:RHI – Free Report) by 38.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,226 shares of the business services provider’s stock after buying an additional 27,904 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Robert Half were worth $2,723,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. AQR Capital Management LLC grew its position in shares of Robert Half by 190.5% in the second quarter. AQR Capital Management LLC now owns 6,201,209 shares of the business services provider’s stock valued at $254,560,000 after purchasing an additional 4,066,328 shares during the last quarter. Capital World Investors boosted its position in Robert Half by 460.5% in the third quarter. Capital World Investors now owns 4,341,133 shares of the business services provider’s stock valued at $147,512,000 after buying an additional 3,566,645 shares in the last quarter. Qube Research & Technologies Ltd boosted its position in Robert Half by 1,478.6% in the second quarter. Qube Research & Technologies Ltd now owns 1,145,456 shares of the business services provider’s stock valued at $47,021,000 after buying an additional 1,072,895 shares in the last quarter. Pzena Investment Management LLC boosted its position in 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 buying an additional 802,691 shares in the last quarter. Finally, Deprince Race & Zollo Inc. boosted its position in Robert Half by 40.8% in the fourth quarter. Deprince Race & Zollo Inc. now owns 2,440,961 shares of the business services provider’s stock valued at $66,297,000 after buying an additional 707,078 shares in the last quarter. 92.41% of the stock is owned by institutional investors.
Analysts Set New Price Targets
RHI has been the subject of several analyst reports. Weiss Ratings raised shares of Robert Half from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. William Blair raised shares of Robert Half from a “market perform” rating to an “outperform” rating in a research note on Tuesday, April 21st. JPMorgan Chase & Co. lifted their target price on shares of Robert Half from $29.00 to $31.00 and gave the stock a “neutral” rating in a research note on Friday, January 30th. Barclays lowered their target price on shares of Robert Half from $36.00 to $25.00 and set an “equal weight” rating for the company in a research note on Friday, March 6th. Finally, BMO Capital Markets decreased their price target on shares of Robert Half from $35.00 to $32.00 and set a “market perform” rating for the company in a research note on Tuesday, February 17th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $31.75.
Robert Half Price Performance
Shares of NYSE RHI opened at $27.29 on Monday. The stock has a market capitalization of $2.79 billion, a P/E ratio of 20.99 and a beta of 0.80. The company has a 50-day moving average price of $25.54 and a 200-day moving average price of $26.59. Robert Half Inc. has a 1 year low of $21.83 and a 1 year high of $46.69.
Robert Half (NYSE:RHI – Get Free Report) last posted its quarterly earnings data on Thursday, April 23rd. The business services provider reported $0.14 EPS for the quarter, meeting the consensus estimate of $0.14. The firm had revenue of $1.30 billion during 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%. The company’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same quarter last year, the business posted $0.17 EPS. As a group, equities research analysts anticipate that Robert Half Inc. will post 1.29 earnings per share for the current fiscal year.
Robert Half Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 22nd will be issued a $0.59 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 8.6%. Robert Half’s dividend payout ratio is presently 181.54%.
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.
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