Robert Half Inc. $RHI Shares Bought by Allianz Asset Management GmbH

Allianz Asset Management GmbH raised its position in Robert Half Inc. (NYSE:RHI) by 46.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 530,056 shares of the business services provider’s stock after buying an additional 168,150 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.52% of Robert Half worth $18,011,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the stock. State of Wyoming lifted its position in Robert Half by 121.8% in the third quarter. State of Wyoming now owns 6,618 shares of the business services provider’s stock valued at $225,000 after purchasing an additional 3,634 shares during the period. Frank Rimerman Advisors LLC purchased a new stake in shares of Robert Half during the 3rd quarter worth approximately $1,860,000. Arizona State Retirement System boosted its position in Robert Half by 1.6% during the third quarter. Arizona State Retirement System now owns 30,231 shares of the business services provider’s stock worth $1,027,000 after purchasing an additional 462 shares in the last quarter. New York State Common Retirement Fund grew its holdings in Robert Half by 20.9% in the third quarter. New York State Common Retirement Fund now owns 224,776 shares of the business services provider’s stock valued at $7,638,000 after purchasing an additional 38,839 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of Robert Half by 2.1% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 93,855 shares of the business services provider’s stock valued at $3,189,000 after buying an additional 1,938 shares in the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.

Robert Half Trading Down 0.3%

Shares of Robert Half stock opened at $31.39 on Friday. Robert Half Inc. has a twelve month low of $25.22 and a twelve month high of $61.16. The stock has a market cap of $3.18 billion, a price-to-earnings ratio of 23.60 and a beta of 0.88. The company has a fifty day moving average price of $28.31 and a 200 day moving average price of $31.28.

Robert Half (NYSE:RHI) last issued its quarterly earnings data on Thursday, January 29th. The business services provider reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02. Robert Half had a return on equity of 10.20% and a net margin of 2.47%.The company had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the previous year, the firm posted $0.53 earnings per share. The firm’s quarterly revenue was down 5.8% on a year-over-year basis. Analysts forecast that Robert Half Inc. will post 2.48 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on RHI shares. Barclays lowered their price target on shares of Robert Half from $45.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 23rd. JPMorgan Chase & Co. upped their target price on Robert Half from $29.00 to $31.00 and gave the company a “neutral” rating in a research note on Friday, January 30th. UBS Group cut their price objective on shares of Robert Half from $30.00 to $27.00 and set a “sell” rating on the stock in a report on Thursday, October 23rd. The Goldman Sachs Group boosted their target price on shares of Robert Half from $24.00 to $27.00 and gave the company a “sell” rating in a report on Tuesday. Finally, BNP Paribas Exane downgraded shares of Robert Half from a “neutral” rating to an “underperform” rating and set a $22.00 price target on the stock. in a research note on Friday, December 5th. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, Robert Half currently has an average rating of “Reduce” and a consensus target price of $33.50.

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.