SG Americas Securities LLC Has $1.92 Million Stake in Robert Half Inc. $RHI

SG Americas Securities LLC decreased its stake in shares of Robert Half Inc. (NYSE:RHI) by 69.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 75,676 shares of the business services provider’s stock after selling 172,619 shares during the quarter. SG Americas Securities LLC owned 0.07% of Robert Half worth $1,922,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. AQR Capital Management LLC raised its holdings in Robert Half by 190.5% in the 2nd quarter. AQR Capital Management LLC now owns 6,201,209 shares of the business services provider’s stock valued at $254,560,000 after acquiring an additional 4,066,328 shares in the last quarter. Capital World Investors raised its stake in shares of Robert Half by 460.5% in the third quarter. Capital World Investors now owns 4,341,133 shares of the business services provider’s stock valued at $147,512,000 after purchasing an additional 3,566,645 shares in the last quarter. Brickwood Asset Management LLP bought a new position in Robert Half in the fourth quarter worth $34,908,000. Norges Bank bought a new position in Robert Half in the fourth quarter worth $33,832,000. Finally, Pzena Investment Management LLC boosted its stake in Robert Half by 38.2% during the fourth quarter. Pzena Investment Management LLC now owns 4,394,851 shares of the business services provider’s stock worth $119,364,000 after buying an additional 1,214,883 shares in the last quarter. Institutional investors own 92.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Weiss Ratings upgraded shares of Robert Half from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, June 17th. Barclays lowered their target price 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. William Blair raised shares of Robert Half from a “market perform” rating to an “outperform” rating in a research report on Tuesday, April 21st. Finally, Zacks Research cut shares of Robert Half from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 29th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $31.75.

Robert Half Stock Performance

Shares of NYSE RHI opened at $33.41 on Friday. Robert Half Inc. has a 52-week low of $21.83 and a 52-week high of $43.69. The business has a fifty day moving average of $28.95 and a two-hundred day moving average of $27.38. The stock has a market cap of $3.42 billion, a PE ratio of 25.70 and a beta of 0.82.

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

Robert Half Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 22nd were issued 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 dividend yield of 7.1%. Robert Half’s dividend payout ratio (DPR) 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.