Capital World Investors Purchases 3,566,645 Shares of Robert Half Inc. $RHI

Capital World Investors grew its holdings in shares of Robert Half Inc. (NYSE:RHI) by 460.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,341,133 shares of the business services provider’s stock after purchasing an additional 3,566,645 shares during the quarter. Capital World Investors owned approximately 4.29% of Robert Half worth $147,512,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in RHI. AQR Capital Management LLC grew its position in Robert Half by 190.5% during 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 buying an additional 4,066,328 shares during the period. Qube Research & Technologies Ltd raised 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 worth $47,021,000 after acquiring an additional 1,072,895 shares during the period. Norges Bank bought a new position in Robert Half in the second quarter worth approximately $43,804,000. Pzena Investment Management LLC boosted its stake 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 worth $108,055,000 after acquiring an additional 802,691 shares during the last quarter. Finally, Man Group plc boosted its stake in shares of Robert Half by 775.7% during the 2nd quarter. Man Group plc now owns 654,458 shares of the business services provider’s stock worth $26,866,000 after acquiring an additional 579,719 shares during the last quarter. Institutional investors own 92.41% of the company’s stock.

Robert Half Stock Performance

RHI opened at $23.14 on Thursday. The stock has a market cap of $2.34 billion, a price-to-earnings ratio of 17.40 and a beta of 0.90. The firm’s fifty day moving average is $27.20 and its 200 day moving average is $29.41. Robert Half Inc. has a fifty-two week low of $22.32 and a fifty-two week high of $55.24.

Robert Half (NYSE:RHI) last issued its quarterly earnings results on Thursday, January 29th. The business services provider reported $0.32 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the prior year, the business posted $0.53 EPS. Robert Half’s revenue for the quarter was down 5.8% compared to the same quarter last year. On average, equities research analysts predict that Robert Half Inc. will post 2.48 earnings per share for the current year.

Robert Half Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Wednesday, February 25th will be paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 10.2%. The ex-dividend date of this dividend is Wednesday, February 25th. Robert Half’s dividend payout ratio (DPR) is 177.44%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on RHI. Weiss Ratings restated a “sell (d)” rating on shares of Robert Half in a research note on Monday, December 29th. Robert W. Baird set a $50.00 target price on Robert Half in a research report on Friday, January 30th. Zacks Research raised Robert Half from a “strong sell” rating to a “hold” rating in a report on Monday, February 2nd. BNP Paribas Exane cut Robert Half from a “neutral” rating to an “underperform” rating and set a $22.00 price target for the company. in a research report on Friday, December 5th. Finally, BMO Capital Markets decreased their price objective on Robert Half from $35.00 to $32.00 and set a “market perform” rating on the stock in a research note on Tuesday, February 17th. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $31.75.

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.