Robert Half Inc. $RHI Shares Acquired by Barclays PLC

Barclays PLC boosted its stake in Robert Half Inc. (NYSE:RHI) by 217.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 728,316 shares of the business services provider’s stock after acquiring an additional 498,951 shares during the period. Barclays PLC owned about 0.72% of Robert Half worth $24,748,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Robert Half in the second quarter valued at about $34,000. Hantz Financial Services Inc. grew its holdings in shares of Robert Half by 952.4% during the third quarter. Hantz Financial Services Inc. now owns 1,105 shares of the business services provider’s stock worth $38,000 after buying an additional 1,000 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in Robert Half by 362.3% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 1,239 shares of the business services provider’s stock valued at $42,000 after acquiring an additional 971 shares during the period. SJS Investment Consulting Inc. increased its position in Robert Half by 20,257.1% in the 3rd quarter. SJS Investment Consulting Inc. now owns 1,425 shares of the business services provider’s stock valued at $48,000 after acquiring an additional 1,418 shares during the period. Finally, Quent Capital LLC purchased a new stake in Robert Half during the 3rd quarter valued at approximately $52,000. Institutional investors and hedge funds own 92.41% of the company’s stock.

Wall Street Analyst Weigh In

RHI has been the subject of several recent research reports. Robert W. Baird set a $50.00 price target on Robert Half in a report on Friday, January 30th. BMO Capital Markets dropped their price objective on shares of Robert Half from $35.00 to $32.00 and set a “market perform” rating on the stock in a research note on Tuesday, February 17th. Barclays cut their price objective 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. The Goldman Sachs Group raised their price objective on shares of Robert Half from $24.00 to $27.00 and gave the company a “sell” rating in a research report on Tuesday, February 3rd. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Robert Half in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $31.75.

Robert Half Price Performance

Shares of Robert Half stock opened at $23.14 on Thursday. Robert Half Inc. has a 1 year low of $22.32 and a 1 year high of $55.24. The business has a 50 day moving average price of $27.20 and a 200 day moving average price of $29.41. The company has a market capitalization of $2.34 billion, a P/E ratio of 17.40 and a beta of 0.90.

Robert Half (NYSE:RHI) last posted its quarterly earnings data on Thursday, January 29th. The business services provider reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.02. Robert Half had a return on equity of 10.26% and a net margin of 2.47%.The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter last year, the company earned $0.53 earnings per share. The business’s revenue for the quarter was down 5.8% compared to the same quarter last year. As a group, research analysts expect that Robert Half Inc. will post 2.48 EPS for the current fiscal year.

Robert Half Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Wednesday, February 25th will be issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 10.2%. The ex-dividend date is Wednesday, February 25th. Robert Half’s dividend payout ratio is presently 177.44%.

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.