Bessemer Group Inc. Grows Stock Holdings in Robert Half Inc. $RHI

Bessemer Group Inc. grew its position in shares of Robert Half Inc. (NYSE:RHI) by 29.5% in the 1st quarter, HoldingsChannel.com reports. The fund owned 283,544 shares of the business services provider’s stock after buying an additional 64,659 shares during the quarter. Bessemer Group Inc.’s holdings in Robert Half were worth $7,202,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Deprince Race & Zollo Inc. lifted its holdings in Robert Half by 40.8% in 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 buying an additional 707,078 shares during the period. M&T Bank Corp increased its stake in shares of Robert Half by 5,652.2% during the fourth quarter. M&T Bank Corp now owns 442,520 shares of the business services provider’s stock valued at $12,019,000 after buying an additional 434,827 shares during the period. SG Americas Securities LLC raised its holdings in shares of Robert Half by 389.5% during the fourth quarter. SG Americas Securities LLC now owns 248,295 shares of the business services provider’s stock valued at $6,744,000 after acquiring an additional 197,575 shares in the last quarter. Alpha Omega Wealth Management LLC raised its holdings in shares of Robert Half by 24.2% during the fourth quarter. Alpha Omega Wealth Management LLC now owns 163,173 shares of the business services provider’s stock valued at $4,432,000 after acquiring an additional 31,786 shares in the last quarter. Finally, Royce & Associates LP lifted its stake in Robert Half by 2,657.4% in the fourth quarter. Royce & Associates LP now owns 322,201 shares of the business services provider’s stock worth $8,751,000 after acquiring an additional 310,516 shares during the period. 92.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on RHI shares. William Blair upgraded shares of Robert Half from a “market perform” rating to an “outperform” rating in a report on Tuesday, April 21st. Zacks Research upgraded shares of Robert Half from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. The Goldman Sachs Group lifted their target price on shares of Robert Half from $23.00 to $26.00 and gave the company a “sell” rating in a research note on Tuesday, July 14th. Finally, Weiss Ratings upgraded shares of Robert Half from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, June 17th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $31.62.

Robert Half Trading Up 0.1%

RHI opened at $41.84 on Monday. The company has a market cap of $4.28 billion, a price-to-earnings ratio of 32.18 and a beta of 0.82. The stock has a fifty day simple moving average of $30.83 and a two-hundred day simple moving average of $27.98. Robert Half Inc. has a 12-month low of $21.83 and a 12-month high of $43.26.

Robert Half (NYSE:RHI) last announced its earnings results on Thursday, April 23rd. The business services provider reported $0.14 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 company’s quarterly revenue was down 3.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.17 EPS. On average, analysts predict that Robert Half Inc. will post 1.29 EPS for the current year.

Robert Half Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 22nd were paid a dividend of $0.59 per share. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $2.36 annualized dividend and a yield of 5.6%. Robert Half’s payout ratio is presently 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.