Pacer Advisors Inc. Lowers Stock Position in Robert Half Inc. $RHI

Pacer Advisors Inc. cut its stake in shares of Robert Half Inc. (NYSE:RHI) by 7.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 335,681 shares of the business services provider’s stock after selling 28,649 shares during the quarter. Pacer Advisors Inc. owned approximately 0.33% of Robert Half worth $9,117,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC boosted its position in shares of Robert Half by 3.5% in the third quarter. Quadrant Capital Group LLC now owns 12,069 shares of the business services provider’s stock worth $410,000 after purchasing an additional 407 shares during the period. IFP Advisors Inc lifted its stake in shares of 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 in the last quarter. State of Alaska Department of Revenue lifted its stake in shares of Robert Half by 1.1% during the 4th quarter. State of Alaska Department of Revenue now owns 56,746 shares of the business services provider’s stock valued at $1,541,000 after buying an additional 601 shares in the last quarter. Fifth Third Bancorp boosted its holdings in Robert Half by 94.3% in the 4th 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 period. Finally, Inspire Advisors LLC boosted its holdings in Robert Half by 5.0% in the 4th 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. 92.41% of the stock is owned by hedge funds and other institutional investors.

Robert Half Price Performance

Shares of RHI opened at $31.50 on Monday. The stock has a market capitalization of $3.22 billion, a price-to-earnings ratio of 24.23 and a beta of 0.84. Robert Half Inc. has a 1 year low of $21.83 and a 1 year high of $43.82. The business’s 50 day simple moving average is $28.09 and its 200-day simple moving average is $27.12.

Robert Half (NYSE:RHI) last posted its earnings results on Thursday, April 23rd. The business services provider reported $0.14 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.14. Robert Half had a net margin of 2.43% and a return on equity of 10.14%. The firm had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same period last year, the firm posted $0.17 earnings per share. Robert Half’s revenue for the quarter was down 3.8% compared to the same quarter last year. On average, sell-side analysts expect that Robert Half Inc. will post 1.29 earnings per share for the current year.

Robert Half Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 22nd were paid a $0.59 dividend. 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 dividend payout ratio (DPR) is presently 181.54%.

Wall Street Analyst Weigh In

RHI has been the topic of a number of recent analyst reports. Weiss Ratings raised Robert Half from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday. Barclays dropped 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. William Blair upgraded Robert Half from a “market perform” rating to an “outperform” rating in a research report on Tuesday, April 21st. Finally, Zacks Research downgraded Robert Half from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 29th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat, Robert Half currently has a consensus rating of “Reduce” and a consensus price target of $31.75.

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.