Medina Value Partners LLC Takes Position in Robert Half Inc. $RHI

Medina Value Partners LLC purchased a new stake in shares of Robert Half Inc. (NYSE:RHI) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 255,125 shares of the business services provider’s stock, valued at approximately $6,929,000. Robert Half accounts for 1.6% of Medina Value Partners LLC’s holdings, making the stock its 22nd largest position.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Robert Half during the second quarter valued at about $34,000. Gilpin Wealth Management LLC bought a new stake in shares of Robert Half during the fourth quarter valued at about $27,000. Larson Financial Group LLC increased its position in shares of Robert Half by 321.0% during the fourth quarter. Larson Financial Group LLC now owns 1,002 shares of the business services provider’s stock valued at $27,000 after buying an additional 764 shares during the period. Danske Bank A S bought a new stake in shares of Robert Half during the third quarter valued at about $37,000. Finally, Fifth Third Bancorp increased its position in shares of Robert Half by 94.3% during the fourth quarter. Fifth Third Bancorp now owns 1,368 shares of the business services provider’s stock valued at $37,000 after buying an additional 664 shares during the period. 92.41% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Barclays cut their price objective on Robert Half from $36.00 to $25.00 and set an “equal weight” rating for the company in a report on Friday, March 6th. Weiss Ratings lowered Robert Half from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 22nd. BMO Capital Markets cut their price objective 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. William Blair raised Robert Half from a “market perform” rating to an “outperform” rating in a report on Tuesday, April 21st. Finally, Zacks Research lowered Robert Half from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 29th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Reduce” and an average target price of $31.75.

Robert Half Trading Down 0.2%

Shares of NYSE RHI opened at $32.43 on Monday. Robert Half Inc. has a 12 month low of $21.83 and a 12 month high of $43.82. The firm has a market capitalization of $3.32 billion, a price-to-earnings ratio of 24.94 and a beta of 0.84. The business has a 50-day moving average of $27.36 and a 200-day moving average of $26.96.

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 during the quarter, compared to analyst estimates of $1.34 billion. Robert Half had a return on equity of 10.14% and a net margin of 2.43%.Robert Half’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.17 earnings per share. On average, analysts predict that Robert Half Inc. will post 1.29 earnings per share for the current year.

Robert Half Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 22nd will be paid a $0.59 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $2.36 annualized dividend and a yield of 7.3%. 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.