Kestra Investment Management LLC Raises Stock Position in Robert Half Inc. $RHI

Kestra Investment Management LLC lifted its stake in shares of Robert Half Inc. (NYSE:RHI) by 129.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 64,809 shares of the business services provider’s stock after acquiring an additional 36,542 shares during the quarter. Kestra Investment Management LLC owned approximately 0.06% of Robert Half worth $1,760,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of RHI. AQR Capital Management LLC increased its position in shares of Robert Half by 190.5% during the second quarter. AQR Capital Management LLC now owns 6,201,209 shares of the business services provider’s stock worth $254,560,000 after acquiring an additional 4,066,328 shares during the period. Capital World Investors increased its position in shares of Robert Half by 460.5% during the third quarter. Capital World Investors now owns 4,341,133 shares of the business services provider’s stock worth $147,512,000 after acquiring an additional 3,566,645 shares during the period. Pzena Investment Management LLC increased its position in shares of 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 acquiring an additional 1,214,883 shares during the period. Qube Research & Technologies Ltd increased its position in shares of Robert Half by 1,478.6% during the second quarter. Qube Research & Technologies Ltd now owns 1,145,456 shares of the business services provider’s stock worth $47,021,000 after acquiring an additional 1,072,895 shares during the period. Finally, Deprince Race & Zollo Inc. increased its position in shares of Robert Half by 40.8% during the fourth quarter. Deprince Race & Zollo Inc. now owns 2,440,961 shares of the business services provider’s stock worth $66,297,000 after acquiring an additional 707,078 shares during the period. 92.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on RHI. BMO Capital Markets reduced their target price on shares of Robert Half from $35.00 to $32.00 and set a “market perform” rating on the stock in a research report on Tuesday, February 17th. Robert W. Baird set a $50.00 target price on shares of Robert Half in a research report on Friday, January 30th. William Blair raised shares of Robert Half from a “market perform” rating to an “outperform” rating in a research report on Tuesday, April 21st. Weiss Ratings raised shares of Robert Half from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 11th. Finally, Barclays reduced 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 report on Friday, March 6th. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and five have given a Sell rating to the company. According to MarketBeat, Robert Half has an average rating of “Reduce” and an average target price of $31.75.

Robert Half Stock Down 1.3%

Shares of RHI stock opened at $26.95 on Wednesday. The firm has a market cap of $2.76 billion, a price-to-earnings ratio of 20.73 and a beta of 0.80. The company’s 50 day moving average is $25.72 and its 200 day moving average is $26.61. Robert Half Inc. has a 52-week low of $21.83 and a 52-week high of $46.69.

Robert Half (NYSE:RHI) last issued its quarterly earnings data on Thursday, April 23rd. The business services provider reported $0.14 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.14. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.34 billion. Robert Half had a net margin of 2.43% and a return on equity of 10.14%. Robert Half’s revenue was down 3.8% compared to the same quarter last year. During the same period last year, the company posted $0.17 earnings per share. Analysts anticipate that Robert Half Inc. will post 1.29 EPS for the current fiscal year.

Robert Half Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 22nd will be issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 8.8%. The ex-dividend date of this dividend is Friday, May 22nd. 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.