Capital World Investors Increases Stake in Robert Half Inc. $RHI

Capital World Investors lifted its stake in Robert Half Inc. (NYSE:RHI) by 36.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,902,279 shares of the business services provider’s stock after purchasing an additional 1,561,146 shares during the quarter. Capital World Investors owned about 5.83% of Robert Half worth $160,306,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Pzena Investment Management LLC increased its holdings in Robert Half by 33.8% in 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 period. Deprince Race & Zollo Inc. grew its stake in shares of 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. AMG National Trust Bank acquired a new stake in shares of Robert Half during the 3rd quarter worth approximately $1,372,000. Kiltearn Partners LLP grew its stake in shares of Robert Half by 40.6% during the 3rd quarter. Kiltearn Partners LLP now owns 462,400 shares of the business services provider’s stock worth $15,712,000 after purchasing an additional 133,500 shares during the period. Finally, First National Bank of Omaha acquired a new stake in shares of Robert Half during the 3rd quarter worth approximately $6,455,000. 92.41% of the stock is owned by hedge funds and other institutional investors.

Robert Half Stock Performance

Robert Half stock opened at $30.99 on Tuesday. The company’s fifty day moving average price is $26.86 and its 200 day moving average price is $26.82. Robert Half Inc. has a 1 year low of $21.83 and a 1 year high of $45.67. The stock has a market capitalization of $3.17 billion, a P/E ratio of 23.84 and a beta of 0.84.

Robert Half (NYSE:RHI) last released its quarterly earnings results on Thursday, April 23rd. The business services provider reported $0.14 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.14. The firm had revenue of $1.30 billion for 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 for the quarter was down 3.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.17 EPS. Sell-side analysts predict that Robert Half Inc. will post 1.29 EPS for the current year.

Robert Half Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 22nd will be issued a $0.59 dividend. The ex-dividend date is Friday, May 22nd. This represents a $2.36 dividend on an annualized basis and a yield of 7.6%. Robert Half’s dividend payout ratio (DPR) is presently 181.54%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on RHI. BMO Capital Markets dropped their price objective on shares of Robert Half from $35.00 to $32.00 and set a “market perform” rating on the stock in a research note on Tuesday, February 17th. Weiss Ratings cut shares of Robert Half from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, May 22nd. William Blair raised shares of Robert Half from a “market perform” rating to an “outperform” rating in a research note on Tuesday, April 21st. Zacks Research cut shares of Robert Half from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 29th. Finally, Barclays dropped their price objective on shares of 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. Two research 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’s stock. Based on data from MarketBeat, Robert Half has an average rating of “Reduce” and a consensus price target of $31.75.

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.