State of New Jersey Common Pension Fund D Grows Position in Robert Half Inc. $RHI

State of New Jersey Common Pension Fund D boosted its holdings in Robert Half Inc. (NYSE:RHI) by 38.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 82,135 shares of the business services provider’s stock after acquiring an additional 22,984 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Robert Half were worth $2,231,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Robert Half in the second quarter valued at $34,000. Danske Bank A S purchased a new position in shares of Robert Half in the third quarter valued at $37,000. Hantz Financial Services Inc. increased its position in shares of Robert Half by 952.4% in the third quarter. Hantz Financial Services Inc. now owns 1,105 shares of the business services provider’s stock valued at $38,000 after buying an additional 1,000 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of Robert Half by 362.3% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 1,239 shares of the business services provider’s stock valued at $42,000 after buying an additional 971 shares in the last quarter. Finally, Quent Capital LLC purchased a new position in shares of Robert Half in the third quarter valued at $52,000. Hedge funds and other institutional investors own 92.41% of the company’s stock.

Analyst Upgrades and Downgrades

RHI has been the topic of a number of analyst reports. The Goldman Sachs Group increased their price objective on Robert Half from $24.00 to $27.00 and gave the company a “sell” rating in a research note on Tuesday, February 3rd. Barclays decreased their price objective on Robert Half from $36.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Friday, March 6th. Weiss Ratings lowered Robert Half from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, April 27th. Robert W. Baird set a $50.00 price target on Robert Half in a research note on Friday, January 30th. Finally, William Blair raised Robert Half from a “market perform” rating to an “outperform” rating in a research note on Tuesday, April 21st. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, Robert Half has an average rating of “Reduce” and an average price target of $31.75.

Robert Half Price Performance

Robert Half stock opened at $26.98 on Friday. The stock’s 50-day moving average is $25.11 and its 200-day moving average is $26.78. The company has a market cap of $2.76 billion, a price-to-earnings ratio of 20.75 and a beta of 0.80. Robert Half Inc. has a 12 month low of $21.83 and a 12 month high of $48.54.

Robert Half (NYSE:RHI) last released its quarterly earnings data on Thursday, April 23rd. The business services provider reported $0.14 EPS for the quarter, hitting analysts’ consensus estimates 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%.The company’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same period last year, the business posted $0.17 EPS. Research analysts anticipate that Robert Half Inc. will post 1.36 EPS for the current year.

Robert Half Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 22nd will be issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 8.7%. The ex-dividend date is Friday, May 22nd. Robert Half’s dividend payout ratio (DPR) is 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.