817,029 Robert Half Inc. $RHI Shares Sold by Pzena Investment Management LLC

Pzena Investment Management LLC lessened its holdings in shares of Robert Half Inc. (NYSE:RHI) by 13.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,405,276 shares of the business services provider’s stock after selling 817,029 shares during the period. Pzena Investment Management LLC owned 5.28% of Robert Half worth $198,644,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Assenagon Asset Management S.A. bought a new position in shares of Robert Half during the second quarter worth about $7,727,000. Proficio Capital Partners LLC acquired a new stake in Robert Half during the 2nd quarter valued at approximately $387,000. Cornerstone Capital Inc. acquired a new stake in Robert Half during the 2nd quarter valued at approximately $8,136,000. Legal & General Group Plc bought a new position in Robert Half during the 2nd quarter worth approximately $9,450,000. Finally, Tidal Investments LLC raised its holdings in Robert Half by 34.4% during the 2nd quarter. Tidal Investments LLC now owns 62,884 shares of the business services provider’s stock worth $1,931,000 after purchasing an additional 16,101 shares during the last quarter. Institutional investors own 92.41% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on RHI. BMO Capital Markets boosted their price target on shares of Robert Half from $47.00 to $50.00 and gave the stock an “outperform” rating in a research report on Monday, October 26th. Weiss Ratings raised shares of Robert Half from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, October 23rd. JPMorgan Chase & Co. lifted their price objective on Robert Half from $40.00 to $45.00 and gave the stock a “neutral” rating in a research report on Friday, October 23rd. The Goldman Sachs Group boosted their price objective on Robert Half from $29.00 to $33.00 and gave the company a “sell” rating in a research note on Friday, October 23rd. Finally, Truist Financial upped their target price on Robert Half from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. Three investment analysts have rated the stock with a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, Robert Half presently has a consensus rating of “Hold” and an average price target of $40.75.

Robert Half Stock Up 2.4%

Robert Half stock opened at $44.76 on Thursday. Robert Half Inc. has a 12-month low of $21.83 and a 12-month high of $47.14. The firm’s fifty day moving average is $38.76 and its 200 day moving average is $32.47. The company has a market capitalization of $4.58 billion, a PE ratio of 37.00 and a beta of 0.76.

Robert Half (NYSE:RHI) last posted its quarterly earnings results on Thursday, October 22nd. The business services provider reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. Robert Half had a net margin of 2.30% and a return on equity of 9.89%. The business had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same period last year, the company posted $0.43 earnings per share. The business’s quarterly revenue was up .4% on a year-over-year basis. Sell-side analysts expect that Robert Half Inc. will post 1.29 EPS for the current fiscal year.

Robert Half Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Wednesday, November 25th will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend is Wednesday, November 25th. Robert Half’s dividend payout ratio is 195.04%.

Robert Half Profile

Robert Half Inc (NYSE: RHI) is a global talent solutions and business consulting company. Through its Robert Half brand, the company provides temporary, project-based and permanent staffing services, connecting employers with professionals in accounting and finance, administrative and customer support, technology, legal, and marketing and creative fields.

Robert Half also operates Protiviti, a global consulting firm that helps organizations address internal audit, risk and compliance, technology, business performance, and digital transformation challenges.