Robert Half Inc. $RHI Stake Boosted by ING Groep NV

ING Groep NV raised its stake in Robert Half Inc. (NYSE:RHI) by 24.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 101,844 shares of the business services provider’s stock after buying an additional 20,044 shares during the quarter. ING Groep NV’s holdings in Robert Half were worth $2,766,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in RHI. Larson Financial Group LLC lifted its holdings in Robert Half by 321.0% in the fourth quarter. Larson Financial Group LLC now owns 1,002 shares of the business services provider’s stock worth $27,000 after purchasing an additional 764 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Robert Half in the 2nd quarter worth about $34,000. Fifth Third Bancorp increased its stake in Robert Half by 94.3% in the 4th quarter. Fifth Third Bancorp now owns 1,368 shares of the business services provider’s stock worth $37,000 after purchasing an additional 664 shares in the last quarter. Danske Bank A S purchased a new position in Robert Half in the 3rd quarter worth about $37,000. Finally, Hantz Financial Services Inc. grew its stake in Robert Half by 952.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,105 shares of the business services provider’s stock valued at $38,000 after acquiring an additional 1,000 shares in the last quarter. Institutional investors own 92.41% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on RHI shares. Weiss Ratings lowered Robert Half from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 22nd. Barclays cut their price target on Robert Half from $36.00 to $25.00 and set an “equal weight” rating for the company in a report on Friday, March 6th. Zacks Research lowered Robert Half from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 29th. William Blair upgraded shares of Robert Half from a “market perform” rating to an “outperform” rating in a research note on Tuesday, April 21st. Finally, BMO Capital Markets dropped their price objective on Robert Half from $35.00 to $32.00 and set a “market perform” rating for the company in a research note on Tuesday, February 17th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, Robert Half has an average rating of “Reduce” and an average price target of $31.75.

Robert Half Trading Down 0.8%

NYSE:RHI opened at $30.69 on Wednesday. The firm has a market capitalization of $3.14 billion, a price-to-earnings ratio of 23.61 and a beta of 0.84. The business’s 50-day moving average price is $26.98 and its two-hundred day moving average price is $26.85. Robert Half Inc. has a 1-year low of $21.83 and a 1-year high of $45.67.

Robert Half (NYSE:RHI) last announced its earnings results on Thursday, April 23rd. The business services provider reported $0.14 EPS for the quarter, hitting the consensus estimate of $0.14. The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.34 billion. Robert Half had a net margin of 2.43% and a return on equity of 10.14%. The business’s quarterly revenue was down 3.8% on a year-over-year basis. During the same period last year, the company posted $0.17 EPS. Sell-side 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 announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 22nd will be given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 7.7%. The ex-dividend date of this dividend is Friday, May 22nd. Robert Half’s dividend payout ratio (DPR) is currently 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.