Frank Rimerman Advisors LLC Trims Stock Holdings in Robert Half Inc. $RHI

Frank Rimerman Advisors LLC lessened its holdings in Robert Half Inc. (NYSE:RHI) by 53.2% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 25,628 shares of the business services provider’s stock after selling 29,113 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Robert Half were worth $696,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of RHI. AQR Capital Management LLC lifted 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 purchasing an additional 1,537,245 shares during the last quarter. Capital Research Global Investors boosted its stake in shares of Robert Half by 0.3% during the third quarter. Capital Research Global Investors now owns 5,971,698 shares of the business services provider’s stock valued at $202,918,000 after purchasing an additional 15,815 shares during the period. State Street Corp grew its holdings in shares of Robert Half by 2.7% in the second quarter. State Street Corp now owns 4,873,440 shares of the business services provider’s stock worth $200,055,000 after purchasing an additional 127,322 shares during the last quarter. Capital World Investors increased its stake in Robert Half by 460.5% in the 3rd quarter. Capital World Investors now owns 4,341,133 shares of the business services provider’s stock worth $147,512,000 after buying an additional 3,566,645 shares during the period. Finally, Pzena Investment Management LLC increased its stake in Robert Half by 33.8% in 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 buying an additional 802,691 shares during the period. Hedge funds and other institutional investors own 92.41% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on RHI. Zacks Research upgraded shares of Robert Half from a “strong sell” rating to a “hold” rating in a research note on Monday, February 2nd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Robert Half in a research note on Monday, December 29th. Truist Financial boosted their price target on Robert Half from $35.00 to $40.00 and gave the company a “buy” rating in a report on Friday, January 30th. BNP Paribas Exane cut Robert Half from a “neutral” rating to an “underperform” rating and set a $22.00 price objective on the stock. in a research note on Friday, December 5th. Finally, The Goldman Sachs Group lifted their target price on Robert Half from $24.00 to $27.00 and gave the company a “sell” rating in a research report on Tuesday, February 3rd. One research 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, Robert Half currently has a consensus rating of “Reduce” and a consensus price target of $31.75.

Robert Half Stock Down 2.7%

NYSE RHI opened at $24.71 on Thursday. Robert Half Inc. has a 52 week low of $21.83 and a 52 week high of $55.24. The company has a 50 day moving average price of $25.96 and a 200 day moving average price of $28.07. The firm has a market cap of $2.50 billion, a PE ratio of 18.58 and a beta of 0.85.

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

Robert Half Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Wednesday, February 25th were paid a dividend of $0.59 per share. The ex-dividend date was Wednesday, February 25th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 9.6%. Robert Half’s payout ratio is presently 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.