Frank Rimerman Advisors LLC Sells 29,113 Shares of Robert Half Inc. $RHI

Frank Rimerman Advisors LLC cut its holdings in Robert Half Inc. (NYSE:RHI) by 53.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,628 shares of the business services provider’s stock after selling 29,113 shares during the period. Frank Rimerman Advisors LLC’s holdings in Robert Half were worth $696,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. AQR Capital Management LLC lifted its holdings 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 worth $254,560,000 after buying an additional 4,066,328 shares in the last quarter. Capital World Investors grew its stake in Robert Half by 460.5% during 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 acquiring an additional 3,566,645 shares in the last quarter. Qube Research & Technologies Ltd increased its holdings in Robert Half by 1,478.6% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,145,456 shares of the business services provider’s stock valued at $47,021,000 after acquiring an additional 1,072,895 shares during the last quarter. Norges Bank purchased a new stake in Robert Half in the 2nd quarter worth $43,804,000. Finally, Pzena Investment Management LLC boosted its holdings in shares of Robert Half by 33.8% during 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 purchasing an additional 802,691 shares during the last quarter. 92.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. The Goldman Sachs Group raised their price objective on Robert Half from $24.00 to $27.00 and gave the company a “sell” rating in a research report on Tuesday, February 3rd. BNP Paribas Exane lowered Robert Half from a “neutral” rating to an “underperform” rating and set a $22.00 price target for the company. in a research note on Friday, December 5th. BMO Capital Markets cut their price target on Robert Half from $35.00 to $32.00 and set a “market perform” rating for the company in a report on Tuesday, February 17th. Truist Financial upped their price objective on Robert Half from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, January 30th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Robert Half in a research report on Monday, December 29th. One 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. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $31.75.

Robert Half Stock Performance

NYSE:RHI opened at $24.71 on Thursday. The firm has a market capitalization of $2.50 billion, a PE ratio of 18.58 and a beta of 0.85. The stock’s fifty day moving average is $25.96 and its 200 day moving average is $28.07. Robert Half Inc. has a fifty-two week low of $21.83 and a fifty-two week high of $55.24.

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

Robert Half Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Wednesday, February 25th were given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 9.6%. The ex-dividend date of this dividend was Wednesday, February 25th. Robert Half’s dividend payout ratio is 177.44%.

Robert Half 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.