19,550 Shares in Robert Half Inc. $RHI Purchased by Crescent Grove Advisors LLC

Crescent Grove Advisors LLC purchased a new stake in Robert Half Inc. (NYSE:RHI) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 19,550 shares of the business services provider’s stock, valued at approximately $497,000.

Other hedge funds have also recently bought and sold shares of the company. AQR Capital Management LLC increased its holdings in Robert Half by 190.5% during 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 during the last quarter. Pzena Investment Management LLC boosted its stake in shares of Robert Half by 35.8% during the 1st quarter. Pzena Investment Management LLC now owns 5,966,734 shares of the business services provider’s stock valued at $151,555,000 after buying an additional 1,571,883 shares during the last quarter. Capital World Investors boosted its stake in shares of Robert Half by 36.0% during the 4th quarter. Capital World Investors now owns 5,902,279 shares of the business services provider’s stock valued at $160,306,000 after buying an additional 1,561,146 shares during the last quarter. Brickwood Asset Management LLP acquired a new stake in shares of Robert Half during the fourth quarter worth approximately $34,908,000. Finally, Norges Bank acquired a new stake in shares of Robert Half during the fourth quarter worth approximately $33,832,000. Institutional investors and hedge funds own 92.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on RHI shares. Zacks Research upgraded shares of Robert Half from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. The Goldman Sachs Group increased their price objective on shares of Robert Half from $23.00 to $26.00 and gave the company a “sell” rating in a research note on Tuesday, July 14th. William Blair raised shares of Robert Half from a “market perform” rating to an “outperform” rating in a report on Tuesday, April 21st. Finally, Weiss Ratings raised shares of Robert Half from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, June 17th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $31.62.

Robert Half Stock Up 0.1%

NYSE:RHI opened at $41.84 on Monday. The company has a market cap of $4.28 billion, a PE ratio of 32.18 and a beta of 0.82. The business’s 50 day moving average is $30.83 and its two-hundred day moving average is $27.98. Robert Half Inc. has a 52 week low of $21.83 and a 52 week high of $43.26.

Robert Half (NYSE:RHI) last issued its quarterly earnings results on Thursday, April 23rd. The business services provider reported $0.14 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.14. The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.34 billion. Robert Half had a return on equity of 10.14% and a net margin of 2.43%.The business’s quarterly revenue was down 3.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.17 EPS. As a group, sell-side analysts expect that Robert Half Inc. will post 1.29 EPS for the current fiscal year.

Robert Half Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 22nd were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date of this dividend was Friday, May 22nd. Robert Half’s payout ratio is currently 181.54%.

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.