Pacer Advisors Inc. Purchases 133,034 Shares of Robert Half Inc. $RHI

Pacer Advisors Inc. raised its position in Robert Half Inc. (NYSE:RHIFree Report) by 39.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 468,715 shares of the business services provider’s stock after purchasing an additional 133,034 shares during the quarter. Pacer Advisors Inc.’s holdings in Robert Half were worth $11,905,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. AQR Capital Management LLC boosted its position in shares of Robert Half by 24.8% during the third quarter. AQR Capital Management LLC now owns 7,738,454 shares of the business services provider’s stock worth $262,953,000 after buying an additional 1,537,245 shares during the period. Pzena Investment Management LLC grew its holdings in shares of Robert Half by 35.8% during the first quarter. Pzena Investment Management LLC now owns 5,966,734 shares of the business services provider’s stock worth $151,555,000 after buying an additional 1,571,883 shares in the last quarter. Capital World Investors raised its position in Robert Half by 36.0% in the 4th quarter. Capital World Investors now owns 5,902,279 shares of the business services provider’s stock valued at $160,306,000 after buying an additional 1,561,146 shares during the last quarter. State Street Corp raised its position in Robert Half by 2.7% in the 2nd quarter. State Street Corp now owns 4,873,440 shares of the business services provider’s stock valued at $200,055,000 after buying an additional 127,322 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Robert Half by 3.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,981,198 shares of the business services provider’s stock valued at $108,129,000 after acquiring an additional 131,035 shares in the last quarter. 92.41% of the stock is currently owned by institutional investors.

Robert Half Stock Performance

RHI opened at $40.90 on Wednesday. Robert Half Inc. has a 52-week low of $21.83 and a 52-week high of $42.25. The firm has a market capitalization of $4.18 billion, a PE ratio of 35.56 and a beta of 0.79. The business’s 50-day simple moving average is $33.97 and its 200 day simple moving average is $28.94.

Robert Half (NYSE:RHIGet Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The business services provider reported $0.26 EPS for the quarter, meeting the consensus estimate of $0.26. The firm had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Robert Half had a return on equity of 9.18% and a net margin of 2.17%.The business’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.41 earnings per share. On average, research analysts forecast that Robert Half Inc. will post 1.29 earnings per share for the current year.

Robert Half Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, August 25th will be paid a dividend of $0.59 per share. The ex-dividend date is Tuesday, August 25th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 5.8%. Robert Half’s dividend payout ratio is currently 205.22%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. BMO Capital Markets raised Robert Half from a “market perform” rating to an “outperform” rating and set a $47.00 price target for the company in a research report on Monday, July 27th. Zacks Research upgraded shares of Robert Half from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. Robert W. Baird set a $47.00 price objective on shares of Robert Half in a research report on Monday, July 27th. William Blair upgraded shares of Robert Half from a “market perform” rating to an “outperform” rating in a report on Tuesday, April 21st. Finally, Weiss Ratings raised shares of Robert Half from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, June 17th. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $34.75.

Read Our Latest Report on Robert Half

About Robert Half

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Robert Half (NYSE:RHI)

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