3,800 Shares in Robert Half Inc. (NYSE:RHI) Bought by Greenhaven Associates Inc.

Greenhaven Associates Inc. bought a new stake in shares of Robert Half Inc. (NYSE:RHI) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 3,800 shares of the business services provider’s stock, valued at approximately $207,000. Robert Half comprises about 0.0% of Greenhaven Associates Inc.’s investment portfolio, making the stock its 25th largest holding.

Several other institutional investors have also recently added to or reduced their stakes in RHI. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Robert Half by 613.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 364 shares of the business services provider’s stock valued at $25,000 after buying an additional 313 shares during the period. Headlands Technologies LLC acquired a new position in shares of Robert Half in the 4th quarter valued at about $26,000. Signaturefd LLC boosted its holdings in shares of Robert Half by 121.3% in the 4th quarter. Signaturefd LLC now owns 436 shares of the business services provider’s stock valued at $31,000 after buying an additional 239 shares during the period. GeoWealth Management LLC acquired a new position in shares of Robert Half in the 4th quarter valued at about $35,000. Finally, Orion Capital Management LLC acquired a new position in shares of Robert Half in the 4th quarter valued at about $41,000. Institutional investors own 92.41% of the company’s stock.

Analyst Upgrades and Downgrades

RHI has been the subject of several research reports. Wall Street Zen lowered shares of Robert Half from a “hold” rating to a “sell” rating in a report on Saturday, May 24th. The Goldman Sachs Group reduced their target price on shares of Robert Half from $46.00 to $40.00 and set a “sell” rating for the company in a research note on Thursday, April 24th. JPMorgan Chase & Co. reduced their target price on shares of Robert Half from $65.00 to $47.00 and set a “neutral” rating for the company in a research note on Thursday, April 24th. BNP Paribas Exane lowered shares of Robert Half from an “outperform” rating to a “neutral” rating and set a $45.00 target price for the company. in a research note on Friday, May 2nd. Finally, Truist Financial set a $55.00 target price on shares of Robert Half and gave the company a “buy” rating in a research note on Thursday, April 24th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Robert Half presently has an average rating of “Hold” and an average price target of $48.71.

Robert Half Trading Down 1.3%

RHI stock opened at $45.89 on Thursday. Robert Half Inc. has a 52 week low of $40.00 and a 52 week high of $78.41. The company has a market capitalization of $4.69 billion, a price-to-earnings ratio of 18.81 and a beta of 1.06. The firm’s 50-day moving average is $47.82 and its two-hundred day moving average is $60.13.

Robert Half (NYSE:RHI) last released its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.19). Robert Half had a return on equity of 17.20% and a net margin of 4.34%. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter last year, the firm posted $0.61 earnings per share. The firm’s quarterly revenue was down 8.4% compared to the same quarter last year. On average, equities research analysts predict that Robert Half Inc. will post 2.48 earnings per share for the current year.

Robert Half Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 23rd will be given a dividend of $0.59 per share. The ex-dividend date is Friday, May 23rd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 5.14%. Robert Half’s dividend payout ratio (DPR) is 118.00%.

About Robert Half

Robert Half Inc provides talent solutions and business consulting services in North America, South America, Europe, Asia, and Australia. The company operates through Contract Talent Solutions, Permanent Placement Talent Solutions, and Protiviti segments. The Contract Talent Solutions segment provides contract engagement professionals in the fields of finance and accounting, technology, marketing and creative, legal and administrative, and customer support.