Robert Half Inc. $RHI Shares Sold by Deprince Race & Zollo Inc.

Deprince Race & Zollo Inc. reduced its position in Robert Half Inc. (NYSE:RHI) by 19.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,959,962 shares of the business services provider’s stock after selling 480,999 shares during the quarter. Deprince Race & Zollo Inc. owned about 1.91% of Robert Half worth $49,783,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Robert Half during the 2nd quarter valued at approximately $34,000. Gilpin Wealth Management LLC acquired a new stake in shares of Robert Half in the 4th quarter worth about $27,000. Larson Financial Group LLC boosted its position in Robert Half by 321.0% during the 4th quarter. Larson Financial Group LLC now owns 1,002 shares of the business services provider’s stock worth $27,000 after acquiring an additional 764 shares during the period. Danske Bank A S acquired a new stake in shares of Robert Half in the 3rd quarter worth approximately $37,000. Finally, Fifth Third Bancorp lifted 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 valued at $37,000 after acquiring an additional 664 shares during the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on RHI. Zacks Research cut Robert Half from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 29th. Barclays decreased their price objective on shares of Robert Half from $36.00 to $25.00 and set an “equal weight” rating for the company in a report on Friday, March 6th. Weiss Ratings raised shares of Robert Half from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, June 17th. Finally, William Blair upgraded Robert Half from a “market perform” rating to an “outperform” rating in a research report on Tuesday, April 21st. Two investment 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. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $31.75.

Robert Half Stock Up 7.2%

NYSE:RHI opened at $32.91 on Thursday. The firm has a market capitalization of $3.37 billion, a P/E ratio of 25.32 and a beta of 0.82. Robert Half Inc. has a 12-month low of $21.83 and a 12-month high of $43.69. The stock’s fifty day simple moving average is $28.86 and its 200-day simple moving average is $27.34.

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, meeting analysts’ consensus estimates of $0.14. The business 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 quarterly revenue was down 3.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.17 EPS. As a group, equities research analysts expect that Robert Half Inc. will post 1.29 earnings per share for the current year.

Robert Half Announces Dividend

The business also recently declared 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 yield of 7.2%. The ex-dividend date was Friday, May 22nd. Robert Half’s dividend payout ratio (DPR) is currently 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.