Fiduciary Management Inc. WI Trims Stock Position in Robert Half Inc. $RHI

Fiduciary Management Inc. WI lessened its stake in shares of Robert Half Inc. (NYSE:RHI) by 5.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,765,109 shares of the business services provider’s stock after selling 105,569 shares during the quarter. Fiduciary Management Inc. WI owned about 1.74% of Robert Half worth $47,940,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Pzena Investment Management LLC lifted its position in shares of Robert Half by 33.8% during the 3rd quarter. Pzena Investment Management LLC now owns 3,179,968 shares of the business services provider’s stock worth $108,055,000 after buying an additional 802,691 shares during the last quarter. Deprince Race & Zollo Inc. lifted its stake in Robert Half by 40.8% in the fourth quarter. Deprince Race & Zollo Inc. now owns 2,440,961 shares of the business services provider’s stock valued at $66,297,000 after buying an additional 707,078 shares during the last quarter. Allianz Asset Management GmbH lifted its stake in Robert Half by 46.5% in the third quarter. Allianz Asset Management GmbH now owns 530,056 shares of the business services provider’s stock valued at $18,011,000 after buying an additional 168,150 shares during the last quarter. AMG National Trust Bank purchased a new stake in Robert Half in the third quarter valued at approximately $1,372,000. Finally, Kiltearn Partners LLP lifted its stake in Robert Half by 40.6% in the third quarter. Kiltearn Partners LLP now owns 462,400 shares of the business services provider’s stock valued at $15,712,000 after buying an additional 133,500 shares during the last quarter. Hedge funds and other institutional investors own 92.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on RHI. William Blair upgraded Robert Half from a “market perform” rating to an “outperform” rating in a research note on Tuesday, April 21st. Weiss Ratings cut Robert Half from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, May 22nd. Barclays reduced their price objective on 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. BMO Capital Markets reduced their price objective on Robert Half from $35.00 to $32.00 and set a “market perform” rating for the company in a research note on Tuesday, February 17th. Finally, Zacks Research cut Robert Half from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 29th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, Robert Half has a consensus rating of “Reduce” and a consensus target price of $31.75.

Robert Half Trading Down 0.7%

NYSE:RHI opened at $31.37 on Friday. The firm has a market cap of $3.21 billion, a P/E ratio of 24.13 and a beta of 0.84. The stock’s 50 day simple moving average is $26.74 and its 200-day simple moving average is $26.78. Robert Half Inc. has a 12-month low of $21.83 and a 12-month high of $45.67.

Robert Half (NYSE:RHI) last announced its quarterly earnings data on Thursday, April 23rd. The business services provider reported $0.14 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.14. Robert Half had a return on equity of 10.14% and a net margin of 2.43%.The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the prior year, the company posted $0.17 earnings per share. Robert Half’s quarterly revenue 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 fiscal year.

Robert Half Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 22nd will be issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 7.5%. The ex-dividend date of this dividend is Friday, May 22nd. Robert Half’s dividend payout ratio is currently 181.54%.

About Robert Half

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.