1,245,653 Shares in Robert Half Inc. $RHI Acquired by Norges Bank

Norges Bank bought a new position in Robert Half Inc. (NYSE:RHI) in the fourth quarter, Holdings Channel reports. The firm bought 1,245,653 shares of the business services provider’s stock, valued at approximately $33,832,000.

A number of other institutional investors also recently bought and sold shares of RHI. AQR Capital Management LLC boosted its stake in Robert Half by 190.5% in the 2nd quarter. AQR Capital Management LLC now owns 6,201,209 shares of the business services provider’s stock worth $254,560,000 after purchasing an additional 4,066,328 shares in the last quarter. Capital World Investors boosted 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 purchasing an additional 3,566,645 shares in the last quarter. Brickwood Asset Management LLP acquired a new stake in Robert Half in the 4th quarter worth approximately $34,908,000. Pzena Investment Management LLC boosted its stake in Robert Half by 38.2% in the 4th quarter. Pzena Investment Management LLC now owns 4,394,851 shares of the business services provider’s stock worth $119,364,000 after purchasing an additional 1,214,883 shares in the last quarter. Finally, Qube Research & Technologies Ltd boosted its stake 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 worth $47,021,000 after purchasing an additional 1,072,895 shares in the last quarter. 92.41% of the stock is currently owned by institutional investors and hedge funds.

Robert Half Trading Down 0.9%

Robert Half stock opened at $30.99 on Tuesday. Robert Half Inc. has a 12 month low of $21.83 and a 12 month high of $45.67. The stock’s 50 day simple moving average is $26.86 and its two-hundred day simple moving average is $26.82. The firm has a market cap of $3.17 billion, a PE ratio of 23.84 and a beta of 0.84.

Robert Half (NYSE:RHI) last released its quarterly earnings data on Thursday, April 23rd. The business services provider reported $0.14 EPS for the quarter, hitting the consensus estimate of $0.14. Robert Half had a return on equity of 10.14% and a net margin of 2.43%.The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the prior year, the firm posted $0.17 EPS. The business’s quarterly revenue was down 3.8% compared to the same quarter last year. On average, equities research analysts forecast that Robert Half Inc. will post 1.29 EPS for the current year.

Robert Half Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 22nd will be given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 7.6%. The ex-dividend date is Friday, May 22nd. Robert Half’s dividend payout ratio is currently 181.54%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on RHI shares. BMO Capital Markets cut their price target on shares of Robert Half from $35.00 to $32.00 and set a “market perform” rating on the stock in a report on Tuesday, February 17th. Barclays reduced their price target on shares of Robert Half from $36.00 to $25.00 and set an “equal weight” rating for the company in a research report on Friday, March 6th. Zacks Research lowered shares of Robert Half from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 29th. Weiss Ratings lowered shares of Robert Half from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 22nd. Finally, William Blair raised shares of Robert Half from a “market perform” rating to an “outperform” rating in a research report on Tuesday, April 21st. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $31.75.

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.