Fideuram Intesa Sanpaolo Private Banking S.P.A. Purchases New Stake in Robert Half Inc. $RHI

Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of Robert Half Inc. (NYSE:RHI) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 141,937 shares of the business services provider’s stock, valued at approximately $3,605,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. owned 0.14% of Robert Half as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pzena Investment Management LLC boosted its holdings in Robert Half by 35.8% in the 1st quarter. Pzena Investment Management LLC now owns 5,966,734 shares of the business services provider’s stock valued at $151,555,000 after purchasing an additional 1,571,883 shares during the period. Louisiana State Employees Retirement System acquired a new stake in shares of Robert Half in the 1st quarter valued at approximately $1,120,000. Corient Private Wealth LLC grew its stake in shares of Robert Half by 181.5% during the fourth quarter. Corient Private Wealth LLC now owns 77,547 shares of the business services provider’s stock worth $2,107,000 after buying an additional 50,004 shares during the last quarter. Kera Capital Partners Inc. increased its holdings in Robert Half by 86.2% in the 4th quarter. Kera Capital Partners Inc. now owns 25,993 shares of the business services provider’s stock worth $706,000 after purchasing an additional 12,036 shares in the last quarter. Finally, Invesco Ltd. increased its stake in shares of Robert Half by 49.2% in the fourth quarter. Invesco Ltd. now owns 1,933,796 shares of the business services provider’s stock valued at $52,522,000 after buying an additional 638,084 shares during the period. 92.41% of the stock is owned by institutional investors and hedge funds.

Robert Half Stock Down 0.2%

Robert Half stock opened at $33.41 on Friday. The firm has a 50 day moving average price of $29.03 and a 200-day moving average price of $27.42. Robert Half Inc. has a twelve month low of $21.83 and a twelve month high of $43.69. The company has a market capitalization of $3.42 billion, a P/E ratio of 25.70 and a beta of 0.82.

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

Robert Half Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 22nd were issued a $0.59 dividend. The ex-dividend date was Friday, May 22nd. This represents a $2.36 annualized dividend and a dividend yield of 7.1%. Robert Half’s payout ratio is currently 181.54%.

Wall Street Analyst Weigh In

RHI has been the topic of several recent research reports. Weiss Ratings raised Robert Half from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, June 17th. Zacks Research downgraded shares of Robert Half from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 29th. William Blair upgraded shares of Robert Half from a “market perform” rating to an “outperform” rating in a report on Tuesday, April 21st. Finally, 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 research report on Friday, March 6th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company 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.