Quantinno Capital Management LP Boosts Stock Holdings in Robert Half Inc. $RHI

Quantinno Capital Management LP grew its holdings in Robert Half Inc. (NYSE:RHI) by 53.9% during the 1st quarter, HoldingsChannel.com reports. The firm owned 2,498,071 shares of the business services provider’s stock after buying an additional 875,179 shares during the quarter. Quantinno Capital Management LP’s holdings in Robert Half were worth $63,451,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the business. Quadrant Capital Group LLC boosted its holdings in Robert Half by 3.5% in the 3rd quarter. Quadrant Capital Group LLC now owns 12,069 shares of the business services provider’s stock worth $410,000 after buying an additional 407 shares during the period. IFP Advisors Inc raised its holdings in Robert Half by 9.0% during the 4th quarter. IFP Advisors Inc now owns 6,845 shares of the business services provider’s stock valued at $186,000 after acquiring an additional 564 shares during the period. State of Alaska Department of Revenue raised its holdings in Robert Half by 1.1% during the 4th quarter. State of Alaska Department of Revenue now owns 56,746 shares of the business services provider’s stock valued at $1,541,000 after acquiring an additional 601 shares during the period. Fifth Third Bancorp lifted 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 worth $37,000 after acquiring an additional 664 shares in the last quarter. Finally, Inspire Advisors LLC lifted its position in shares of Robert Half by 5.0% during the fourth quarter. Inspire Advisors LLC now owns 14,059 shares of the business services provider’s stock worth $382,000 after acquiring an additional 669 shares in the last quarter. 92.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on RHI. The Goldman Sachs Group raised their price target on Robert Half from $26.00 to $29.00 and gave the stock a “sell” rating in a report on Friday. Robert W. Baird set a $47.00 price objective on Robert Half in a report on Monday. Zacks Research raised Robert Half from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. Truist Financial raised their target price on Robert Half from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. Finally, Weiss Ratings raised Robert Half from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, June 17th. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Robert Half currently has an average rating of “Reduce” and an average price target of $34.75.

Robert Half Price Performance

RHI opened at $39.34 on Wednesday. The firm has a market capitalization of $4.02 billion, a P/E ratio of 34.21 and a beta of 0.82. Robert Half Inc. has a one year low of $21.83 and a one year high of $42.25. The company has a fifty day moving average price of $32.76 and a 200-day moving average price of $28.58.

Robert Half (NYSE:RHI) last issued its quarterly earnings data on Thursday, July 23rd. The business services provider reported $0.26 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.26. The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.32 billion. Robert Half had a return on equity of 9.18% and a net margin of 2.17%.The firm’s revenue was down 2.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.41 earnings per share. On average, analysts expect that Robert Half Inc. will post 1.29 earnings per share for the current year.

Robert Half Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 22nd were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 6.0%. The ex-dividend date was Friday, May 22nd. Robert Half’s dividend payout ratio is currently 205.22%.

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.