Robert Half Inc. $RHI Shares Bought by Shayne & Jacobs LLC

Shayne & Jacobs LLC grew its stake in shares of Robert Half Inc. (NYSE:RHI) by 20.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 142,765 shares of the business services provider’s stock after acquiring an additional 24,416 shares during the period. Robert Half comprises about 1.2% of Shayne & Jacobs LLC’s portfolio, making the stock its 15th largest holding. Shayne & Jacobs LLC owned 0.14% of Robert Half worth $3,877,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. AQR Capital Management LLC lifted its position in shares of Robert Half by 24.8% during the 3rd quarter. AQR Capital Management LLC now owns 7,738,454 shares of the business services provider’s stock valued at $262,953,000 after acquiring an additional 1,537,245 shares during the last quarter. Capital Research Global Investors lifted its holdings in shares of Robert Half by 0.3% in the third quarter. Capital Research Global Investors now owns 5,971,698 shares of the business services provider’s stock valued at $202,918,000 after purchasing an additional 15,815 shares in the last quarter. State Street Corp lifted its holdings in shares of Robert Half by 2.7% in the second quarter. State Street Corp now owns 4,873,440 shares of the business services provider’s stock valued at $200,055,000 after purchasing an additional 127,322 shares in the last quarter. Capital World Investors lifted its holdings in shares of Robert Half by 460.5% in the third quarter. Capital World Investors now owns 4,341,133 shares of the business services provider’s stock valued at $147,512,000 after purchasing an additional 3,566,645 shares in the last quarter. Finally, Pzena Investment Management LLC lifted its holdings in shares of Robert Half by 33.8% in the third quarter. Pzena Investment Management LLC now owns 3,179,968 shares of the business services provider’s stock valued at $108,055,000 after purchasing an additional 802,691 shares in the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.

Analyst Upgrades and Downgrades

RHI has been the subject of a number of research analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of Robert Half in a report on Monday, December 29th. William Blair upgraded Robert Half to an “outperform” rating in a report on Tuesday. Robert W. Baird set a $50.00 target price on Robert Half in a report on Friday, January 30th. JPMorgan Chase & Co. increased their target price on Robert Half from $29.00 to $31.00 and gave the company a “neutral” rating in a report on Friday, January 30th. Finally, Barclays reduced their target price on Robert Half from $36.00 to $25.00 and set an “equal weight” rating for the company in a report on Friday, March 6th. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat, Robert Half currently has an average rating of “Reduce” and an average target price of $31.75.

Robert Half Price Performance

Robert Half stock opened at $28.02 on Tuesday. The company has a market capitalization of $2.87 billion, a price-to-earnings ratio of 21.07 and a beta of 0.85. Robert Half Inc. has a one year low of $21.83 and a one year high of $48.54. The company’s fifty day moving average price is $24.77 and its two-hundred day moving average price is $27.21.

Robert Half (NYSE:RHI) last issued its quarterly earnings results on Thursday, January 29th. The business services provider reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.02. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.29 billion. Robert Half had a return on equity of 10.26% and a net margin of 2.47%.The firm’s revenue was down 5.8% compared to the same quarter last year. During the same period last year, the business posted $0.53 earnings per share. As a group, sell-side analysts anticipate that Robert Half Inc. will post 1.53 earnings per share for the current year.

Robert Half Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Wednesday, February 25th were given a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 8.4%. The ex-dividend date of this dividend was Wednesday, February 25th. Robert Half’s dividend payout ratio (DPR) is currently 177.44%.

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.