Pzena Investment Management LLC Buys 1,214,883 Shares of Robert Half Inc. $RHI

Pzena Investment Management LLC raised its stake in shares of Robert Half Inc. (NYSE:RHI) by 38.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,394,851 shares of the business services provider’s stock after acquiring an additional 1,214,883 shares during the quarter. Pzena Investment Management LLC owned approximately 4.34% of Robert Half worth $119,364,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. AQR Capital Management LLC lifted its holdings 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 purchasing an additional 1,537,245 shares during the last quarter. Capital Research Global Investors raised its stake in Robert Half by 0.3% in the 3rd quarter. Capital Research Global Investors now owns 5,971,698 shares of the business services provider’s stock worth $202,918,000 after acquiring an additional 15,815 shares during the last quarter. State Street Corp grew its position in Robert Half by 2.7% during the 2nd quarter. State Street Corp now owns 4,873,440 shares of the business services provider’s stock worth $200,055,000 after purchasing an additional 127,322 shares during the period. Capital World Investors grew its position 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 purchasing an additional 3,566,645 shares during the period. Finally, Deprince Race & Zollo Inc. grew its position in Robert Half by 40.8% during the 4th quarter. Deprince Race & Zollo Inc. now owns 2,440,961 shares of the business services provider’s stock worth $66,297,000 after purchasing an additional 707,078 shares during the period. Hedge funds and other institutional investors own 92.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on RHI shares. BMO Capital Markets reduced their price target on Robert Half from $35.00 to $32.00 and set a “market perform” rating for the company in a report on Tuesday, February 17th. Zacks Research cut Robert Half from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 29th. The Goldman Sachs Group increased their price target on Robert Half from $24.00 to $27.00 and gave the company a “sell” rating in a report on Tuesday, February 3rd. Weiss Ratings raised shares of Robert Half from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 11th. Finally, Robert W. Baird set a $50.00 target price on Robert Half in a research note on Friday, January 30th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat, Robert Half currently has an average rating of “Reduce” and an average target price of $31.75.

Robert Half Stock Up 3.7%

Shares of RHI stock opened at $27.19 on Friday. Robert Half Inc. has a 52 week low of $21.83 and a 52 week high of $46.69. The stock has a market capitalization of $2.78 billion, a PE ratio of 20.92 and a beta of 0.80. The firm has a 50 day moving average of $25.46 and a two-hundred day moving average of $26.58.

Robert Half (NYSE:RHI) last issued its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $1.34 billion. Robert Half had a net margin of 2.43% and a return on equity of 10.14%. The firm’s revenue was down 3.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.17 EPS. Analysts expect that Robert Half Inc. will post 1.29 EPS for the current fiscal year.

Robert Half Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 22nd will be paid a dividend of $0.59 per share. The ex-dividend date is Friday, May 22nd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 8.7%. Robert Half’s payout ratio is presently 181.54%.

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.