Pacer Advisors Inc. Decreases Position in Robert Half Inc. $RHI

Pacer Advisors Inc. trimmed its stake in Robert Half Inc. (NYSE:RHI) by 7.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 335,681 shares of the business services provider’s stock after selling 28,649 shares during the period. Pacer Advisors Inc.’s holdings in Robert Half were worth $9,117,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of RHI. Quadrant Capital Group LLC increased its position in shares of Robert Half by 3.5% during the 3rd quarter. Quadrant Capital Group LLC now owns 12,069 shares of the business services provider’s stock valued at $410,000 after purchasing an additional 407 shares during the last quarter. IFP Advisors Inc raised its holdings in Robert Half by 9.0% during the 4th quarter. IFP Advisors Inc now owns 6,845 shares of the business services provider’s stock valued at $186,000 after buying an additional 564 shares during the period. State of Alaska Department of Revenue lifted its position in Robert Half by 1.1% in the fourth quarter. State of Alaska Department of Revenue now owns 56,746 shares of the business services provider’s stock worth $1,541,000 after buying an additional 601 shares during the last quarter. Fifth Third Bancorp lifted its position in Robert Half by 94.3% in the fourth quarter. Fifth Third Bancorp now owns 1,368 shares of the business services provider’s stock worth $37,000 after buying an additional 664 shares during the last quarter. Finally, Inspire Advisors LLC boosted its stake in Robert Half by 5.0% during the fourth quarter. Inspire Advisors LLC now owns 14,059 shares of the business services provider’s stock worth $382,000 after buying an additional 669 shares during the period. Hedge funds and other institutional investors own 92.41% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on RHI. William Blair upgraded shares of Robert Half from a “market perform” rating to an “outperform” rating in a research report on Tuesday, April 21st. Zacks Research lowered shares of Robert Half from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 29th. Weiss Ratings raised shares of Robert Half from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday. Finally, Barclays dropped their price target on shares of Robert Half from $36.00 to $25.00 and set an “equal weight” rating for the company in a research note on Friday, March 6th. 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 stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $31.75.

Robert Half Stock Performance

Shares of RHI stock opened at $31.50 on Monday. The stock has a 50 day moving average price of $28.09 and a 200 day moving average price of $27.12. Robert Half Inc. has a 52-week low of $21.83 and a 52-week high of $43.82. The firm has a market capitalization of $3.22 billion, a P/E ratio of 24.23 and a beta of 0.84.

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

Robert Half Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 22nd were paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date of this dividend was Friday, May 22nd. Robert Half’s payout ratio is currently 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.