Pzena Investment Management LLC Has $108.06 Million Stock Holdings in Robert Half Inc. $RHI

Pzena Investment Management LLC increased its stake in Robert Half Inc. (NYSE:RHI) by 33.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,179,968 shares of the business services provider’s stock after acquiring an additional 802,691 shares during the quarter. Pzena Investment Management LLC owned about 3.14% of Robert Half worth $108,055,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in RHI. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Robert Half during the 2nd quarter worth approximately $34,000. Caitong International Asset Management Co. Ltd increased its position in shares of Robert Half by 927.7% during the second quarter. Caitong International Asset Management Co. Ltd now owns 853 shares of the business services provider’s stock worth $35,000 after buying an additional 770 shares during the period. True Wealth Design LLC raised its stake in Robert Half by 393.8% during the second quarter. True Wealth Design LLC now owns 963 shares of the business services provider’s stock worth $40,000 after buying an additional 768 shares during the last quarter. Hantz Financial Services Inc. raised its stake in Robert Half by 952.4% during the third quarter. Hantz Financial Services Inc. now owns 1,105 shares of the business services provider’s stock worth $38,000 after buying an additional 1,000 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in Robert Half by 362.3% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 1,239 shares of the business services provider’s stock valued at $42,000 after buying an additional 971 shares during the period. 92.41% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Robert Half in a report on Monday, December 29th. BMO Capital Markets cut their target price on Robert Half from $35.00 to $32.00 and set a “market perform” rating on the stock in a research report on Tuesday. 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. Barclays dropped their price target on Robert Half from $45.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 23rd. Finally, JPMorgan Chase & Co. raised their price objective on shares of Robert Half from $29.00 to $31.00 and gave the stock a “neutral” rating in a research report on Friday, January 30th. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, Robert Half currently has a consensus rating of “Reduce” and a consensus price target of $33.13.

Robert Half Stock Performance

RHI stock opened at $25.90 on Thursday. The stock’s 50 day simple moving average is $28.20 and its 200 day simple moving average is $30.59. Robert Half Inc. has a fifty-two week low of $24.35 and a fifty-two week high of $61.16. The company has a market cap of $2.62 billion, a P/E ratio of 19.47 and a beta of 0.88.

Robert Half (NYSE:RHI) last announced its quarterly earnings data on Thursday, January 29th. The business services provider reported $0.32 EPS for the quarter, beating 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 analysts’ expectations of $1.29 billion. During the same quarter last year, the firm posted $0.53 earnings per share. The company’s revenue for the quarter was down 5.8% compared to the same quarter last year. Equities analysts predict that Robert Half Inc. will post 2.48 earnings per share for the current year.

Robert Half Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Wednesday, February 25th will be paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 9.1%. The ex-dividend date is Wednesday, February 25th. Robert Half’s payout ratio is 177.44%.

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.