SG Americas Securities LLC Has $1.92 Million Position in Robert Half Inc. $RHI

SG Americas Securities LLC lessened its holdings in shares of Robert Half Inc. (NYSE:RHI) by 69.5% during the 1st quarter, Holdings Channel.com reports. The firm owned 75,676 shares of the business services provider’s stock after selling 172,619 shares during the period. SG Americas Securities LLC’s holdings in Robert Half were worth $1,922,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. AQR Capital Management LLC raised its holdings in shares of Robert Half by 190.5% in the second quarter. AQR Capital Management LLC now owns 6,201,209 shares of the business services provider’s stock valued at $254,560,000 after buying an additional 4,066,328 shares during the last quarter. Capital World Investors grew its holdings in Robert Half by 460.5% during the 3rd quarter. Capital World Investors now owns 4,341,133 shares of the business services provider’s stock worth $147,512,000 after acquiring an additional 3,566,645 shares during the last quarter. Brickwood Asset Management LLP bought a new stake in Robert Half during the 4th quarter worth about $34,908,000. Norges Bank acquired a new stake in Robert Half in the 4th quarter valued at about $33,832,000. Finally, Pzena Investment Management LLC increased its position in Robert Half by 38.2% in the 4th quarter. Pzena Investment Management LLC now owns 4,394,851 shares of the business services provider’s stock valued at $119,364,000 after acquiring an additional 1,214,883 shares in the last quarter. 92.41% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Weiss Ratings upgraded shares of Robert Half from a “sell (d)” rating to a “sell (d+)” rating in a research 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 dropped 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 Robert Half from a “market perform” rating to an “outperform” rating in a report on Tuesday, April 21st. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Robert Half presently has a consensus rating of “Reduce” and a consensus price target of $31.75.

Robert Half Trading Up 1.3%

Robert Half stock opened at $33.41 on Friday. Robert Half Inc. has a 1 year low of $21.83 and a 1 year high of $43.69. The company has a market cap of $3.42 billion, a PE ratio of 25.70 and a beta of 0.82. The company’s 50-day moving average is $28.95 and its two-hundred day moving average is $27.38.

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

Robert Half Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 22nd were paid a $0.59 dividend. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $2.36 dividend on an annualized basis and a yield of 7.1%. Robert Half’s dividend payout ratio (DPR) is presently 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.