Crescent Grove Advisors LLC Acquires New Position in Robert Half Inc. $RHI

Crescent Grove Advisors LLC acquired a new stake in shares of Robert Half Inc. (NYSE:RHI) in the first quarter, HoldingsChannel reports. The fund acquired 19,550 shares of the business services provider’s stock, valued at approximately $497,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Heartland Advisors Inc. boosted its stake in Robert Half by 88.3% in the first quarter. Heartland Advisors Inc. now owns 172,644 shares of the business services provider’s stock valued at $4,385,000 after acquiring an additional 80,953 shares during the period. Aviance Capital Partners LLC raised its position in shares of Robert Half by 12.4% during the 1st quarter. Aviance Capital Partners LLC now owns 32,925 shares of the business services provider’s stock worth $836,000 after purchasing an additional 3,644 shares during the period. Financiere des Professionnels Fonds d investissement inc. acquired a new stake in shares of Robert Half during the 1st quarter worth approximately $240,000. Bessemer Group Inc. lifted its holdings in shares of Robert Half by 29.5% in the 1st quarter. Bessemer Group Inc. now owns 283,544 shares of the business services provider’s stock worth $7,202,000 after purchasing an additional 64,659 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of Robert Half in the 1st quarter worth approximately $6,309,000. Institutional investors and hedge funds own 92.41% of the company’s stock.

Analyst Upgrades and Downgrades

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

Robert Half Trading Up 0.1%

Shares of NYSE:RHI opened at $41.84 on Monday. The firm’s 50 day moving average is $30.83 and its two-hundred day moving average is $27.98. Robert Half Inc. has a 52 week low of $21.83 and a 52 week high of $43.26. The firm has a market capitalization of $4.28 billion, a P/E ratio of 32.18 and a beta of 0.82.

Robert Half (NYSE:RHI) last released its quarterly 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. The company had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Robert Half had a return on equity of 10.14% and a net margin of 2.43%.The business’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.17 earnings per share. Analysts predict that Robert Half Inc. will post 1.29 EPS for the current year.

Robert Half Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders 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%.

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.