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

Pzena Investment Management LLC boosted its holdings in Robert Half Inc. (NYSE:RHI) by 33.8% during the 3rd quarter, Holdings Channel.com reports. The fund owned 3,179,968 shares of the business services provider’s stock after purchasing an additional 802,691 shares during the quarter. Pzena Investment Management LLC’s holdings in Robert Half were worth $108,055,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Syon Capital LLC purchased a new stake in shares of Robert Half in the third quarter worth approximately $425,000. First National Bank of Omaha purchased a new position in shares of Robert Half during the third quarter valued at approximately $6,455,000. Drucker Wealth 3.0 LLC grew its holdings in Robert Half by 78.7% during the third quarter. Drucker Wealth 3.0 LLC now owns 8,762 shares of the business services provider’s stock worth $298,000 after buying an additional 3,860 shares in the last quarter. GSA Capital Partners LLP grew its holdings in Robert Half by 58.5% during the third quarter. GSA Capital Partners LLP now owns 48,170 shares of the business services provider’s stock worth $1,637,000 after buying an additional 17,776 shares in the last quarter. Finally, Rothschild Investment LLC raised its position in Robert Half by 30,103.3% in the 3rd quarter. Rothschild Investment LLC now owns 9,061 shares of the business services provider’s stock valued at $308,000 after buying an additional 9,031 shares during the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.

Analyst Ratings Changes

RHI has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of Robert Half from $29.00 to $31.00 and gave the stock a “neutral” rating in a report on Friday, January 30th. Zacks Research upgraded shares of Robert Half from a “strong sell” rating to a “hold” rating in a report on Monday, February 2nd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Robert Half in a research report on Monday, December 29th. The Goldman Sachs Group increased their price objective on shares of Robert Half from $24.00 to $27.00 and gave the company a “sell” rating in a research note on Tuesday, February 3rd. Finally, 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 note on Tuesday. One investment 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. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $33.13.

Robert Half Stock Performance

RHI opened at $25.90 on Thursday. Robert Half Inc. has a fifty-two week low of $24.35 and a fifty-two week high of $61.16. The firm has a 50-day moving average of $28.20 and a 200 day moving average of $30.59. The firm 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 released its earnings results on Thursday, January 29th. The business services provider reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.02. Robert Half had a net margin of 2.47% and a return on equity of 10.26%. The firm had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the previous year, the company earned $0.53 earnings per share. The company’s quarterly revenue was down 5.8% on a year-over-year basis. Equities research analysts predict that Robert Half Inc. will post 2.48 earnings per share for the current fiscal year.

Robert Half Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Wednesday, February 25th will be issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 9.1%. The ex-dividend date of this dividend is 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.