Vanguard Personalized Indexing Management LLC Increases Stake in Robert Half Inc. $RHI

Vanguard Personalized Indexing Management LLC increased its holdings in shares of Robert Half Inc. (NYSE:RHI) by 6.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,202 shares of the business services provider’s stock after buying an additional 873 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Robert Half were worth $583,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Robert Half during the 1st quarter worth approximately $3,195,000. GAMMA Investing LLC increased its position in shares of Robert Half by 92.9% in the 1st quarter. GAMMA Investing LLC now owns 2,091 shares of the business services provider’s stock valued at $114,000 after purchasing an additional 1,007 shares during the last quarter. Ieq Capital LLC increased its position in shares of Robert Half by 43.8% in the 1st quarter. Ieq Capital LLC now owns 327,901 shares of the business services provider’s stock valued at $17,887,000 after purchasing an additional 99,868 shares during the last quarter. Jefferies Financial Group Inc. increased its position in shares of Robert Half by 119.4% in the 1st quarter. Jefferies Financial Group Inc. now owns 46,851 shares of the business services provider’s stock valued at $2,556,000 after purchasing an additional 25,498 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its position in shares of Robert Half by 4.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 76,378 shares of the business services provider’s stock valued at $4,166,000 after purchasing an additional 3,248 shares during the last quarter. 92.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

RHI has been the topic of a number of recent analyst reports. Truist Financial dropped their price objective on shares of Robert Half from $55.00 to $50.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. JPMorgan Chase & Co. dropped their price objective on shares of Robert Half from $47.00 to $45.00 and set a “neutral” rating on the stock in a research report on Thursday, July 24th. Wall Street Zen raised shares of Robert Half from a “sell” rating to a “hold” rating in a research report on Sunday, August 3rd. Zacks Research downgraded shares of Robert Half from a “hold” rating to a “strong sell” rating in a research report on Monday, September 22nd. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Robert Half in a research report on Tuesday, October 14th. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, Robert Half presently has a consensus rating of “Reduce” and an average target price of $45.00.

Robert Half Trading Up 0.6%

Shares of Robert Half stock opened at $31.01 on Wednesday. The company has a fifty day simple moving average of $34.94 and a 200-day simple moving average of $40.41. Robert Half Inc. has a 12-month low of $30.61 and a 12-month high of $78.41. The stock has a market cap of $3.15 billion, a price-to-earnings ratio of 17.72 and a beta of 1.02.

Robert Half (NYSE:RHI) last issued its earnings results on Wednesday, July 23rd. The business services provider reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.01. Robert Half had a net margin of 3.20% and a return on equity of 13.00%. The business had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same quarter in the prior year, the business posted $0.66 EPS. The company’s revenue for the quarter was down 7.0% on a year-over-year basis. On average, analysts forecast that Robert Half Inc. will post 2.48 earnings per share for the current fiscal year.

Robert Half Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, August 25th were paid a dividend of $0.59 per share. The ex-dividend date was Monday, August 25th. This represents a $2.36 dividend on an annualized basis and a yield of 7.6%. Robert Half’s dividend payout ratio is currently 134.86%.

Robert Half Company Profile

Robert Half Inc provides talent solutions and business consulting services in North America, South America, Europe, Asia, and Australia. The company operates through Contract Talent Solutions, Permanent Placement Talent Solutions, and Protiviti segments. The Contract Talent Solutions segment provides contract engagement professionals in the fields of finance and accounting, technology, marketing and creative, legal and administrative, and customer support.