Heartland Advisors Inc. Raises Position in Robert Half Inc. $RHI

Heartland Advisors Inc. raised its position in Robert Half Inc. (NYSE:RHI) by 88.3% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 172,644 shares of the business services provider’s stock after acquiring an additional 80,953 shares during the quarter. Heartland Advisors Inc.’s holdings in Robert Half were worth $4,385,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Larson Financial Group LLC raised its holdings in shares of Robert Half by 321.0% during the fourth quarter. Larson Financial Group LLC now owns 1,002 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 764 shares during the last quarter. Gilpin Wealth Management LLC acquired a new stake in shares of Robert Half in the fourth quarter worth approximately $27,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Robert Half in the second quarter worth approximately $34,000. Fifth Third Bancorp increased its position in shares of Robert Half by 94.3% during the fourth 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. Finally, Danske Bank A S purchased a new stake in shares of Robert Half during the third quarter worth approximately $37,000. 92.41% of the stock is currently owned by hedge funds and other institutional investors.

Robert Half Stock Up 0.1%

Shares of NYSE:RHI opened at $41.84 on Monday. The business has a fifty day moving average of $30.83 and a two-hundred day moving average of $27.98. The stock has a market cap of $4.28 billion, a P/E ratio of 32.18 and a beta of 0.82. Robert Half Inc. has a 52-week low of $21.83 and a 52-week high of $43.26.

Robert Half (NYSE:RHI) last issued 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 return on equity of 10.14% and a net margin of 2.43%.The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same period last year, the company earned $0.17 EPS. The company’s revenue for the quarter was down 3.8% on a year-over-year basis. On average, equities analysts anticipate that Robert Half Inc. will post 1.29 earnings per share for the current year.

Robert Half Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 22nd were issued a $0.59 dividend. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 5.6%. Robert Half’s dividend payout ratio is currently 181.54%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Zacks Research raised Robert Half from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. Weiss Ratings raised shares of Robert Half from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, June 17th. William Blair raised shares of Robert Half from a “market perform” rating to an “outperform” rating in a report on Tuesday, April 21st. Finally, The Goldman Sachs Group increased their target price on shares of Robert Half from $23.00 to $26.00 and gave the company a “sell” rating in a research report on Tuesday, July 14th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, Robert Half currently has an average rating of “Reduce” and an average target price of $31.62.

Robert Half Profile

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.