Pzena Investment Management LLC Purchases 1,571,883 Shares of Robert Half Inc. $RHI

Pzena Investment Management LLC lifted its holdings in Robert Half Inc. (NYSE:RHI) by 35.8% during the 1st quarter, Holdings Channel reports. The fund owned 5,966,734 shares of the business services provider’s stock after acquiring an additional 1,571,883 shares during the quarter. Pzena Investment Management LLC owned approximately 0.06% of Robert Half worth $151,555,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Robert Half during the 2nd quarter valued at $34,000. Gilpin Wealth Management LLC acquired a new position in Robert Half in the fourth quarter worth $27,000. Larson Financial Group LLC boosted its stake in Robert Half by 321.0% in the fourth quarter. Larson Financial Group LLC now owns 1,002 shares of the business services provider’s stock worth $27,000 after purchasing an additional 764 shares in the last quarter. Danske Bank A S bought a new stake in shares of Robert Half during the third quarter worth $37,000. Finally, Fifth Third Bancorp grew its holdings in shares of Robert Half by 94.3% during the fourth quarter. Fifth Third Bancorp now owns 1,368 shares of the business services provider’s stock worth $37,000 after purchasing an additional 664 shares during the last quarter. 92.41% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Weiss Ratings raised Robert Half from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, June 17th. Zacks Research lowered shares of Robert Half from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 29th. Barclays lowered 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. Finally, William Blair raised shares of Robert Half from a “market perform” rating to an “outperform” rating in a research note on Tuesday, April 21st. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, Robert Half presently has a consensus rating of “Reduce” and a consensus price target of $31.75.

Robert Half Stock Performance

Shares of RHI opened at $32.91 on Thursday. The business’s fifty day moving average price is $28.86 and its two-hundred day moving average price is $27.34. The firm has a market capitalization of $3.37 billion, a price-to-earnings ratio of 25.32 and a beta of 0.84. Robert Half Inc. has a 52 week low of $21.83 and a 52 week high of $43.69.

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

Robert Half Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 22nd were given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 7.2%. The ex-dividend date was Friday, May 22nd. Robert Half’s dividend payout ratio (DPR) is presently 181.54%.

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.