Public Sector Pension Investment Board Has $13.25 Million Holdings in Robert Half Inc. $RHI

Public Sector Pension Investment Board lifted its stake in shares of Robert Half Inc. (NYSE:RHI) by 13.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 389,970 shares of the business services provider’s stock after acquiring an additional 47,649 shares during the quarter. Public Sector Pension Investment Board owned about 0.39% of Robert Half worth $13,251,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Robert Half in the second quarter worth $34,000. Caitong International Asset Management Co. Ltd boosted its stake in Robert Half by 927.7% during the second quarter. Caitong International Asset Management Co. Ltd now owns 853 shares of the business services provider’s stock worth $35,000 after buying an additional 770 shares in the last quarter. Hantz Financial Services Inc. raised its position in Robert Half by 952.4% in the third quarter. Hantz Financial Services Inc. now owns 1,105 shares of the business services provider’s stock worth $38,000 after purchasing an additional 1,000 shares in the last quarter. True Wealth Design LLC grew its stake in shares of Robert Half by 393.8% in the 2nd quarter. True Wealth Design LLC now owns 963 shares of the business services provider’s stock valued at $40,000 after purchasing an additional 768 shares during the period. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in shares of Robert Half by 362.3% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 1,239 shares of the business services provider’s stock worth $42,000 after buying an additional 971 shares in the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. BNP Paribas Exane lowered Robert Half from a “neutral” rating to an “underperform” rating and set a $22.00 price target on the stock. in a research note on Friday, December 5th. The Goldman Sachs Group boosted their target price on shares of Robert Half from $24.00 to $27.00 and gave the company a “sell” rating in a research note on Tuesday, February 3rd. Truist Financial upped their target price on shares of Robert Half from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, January 30th. Robert W. Baird set a $50.00 price target on shares of Robert Half in a report on Friday, January 30th. Finally, UBS Group decreased their price objective on shares of Robert Half from $30.00 to $27.00 and set a “sell” rating on the stock in a research note on Thursday, October 23rd. One analyst has rated the stock with a Buy rating, four have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $33.50.

Robert Half Price Performance

RHI opened at $24.76 on Monday. The stock has a market capitalization of $2.50 billion, a P/E ratio of 18.61 and a beta of 0.88. The company’s 50 day simple moving average is $28.30 and its 200-day simple moving average is $30.78. Robert Half Inc. has a one year low of $24.45 and a one year high of $61.16.

Robert Half (NYSE:RHI) last announced its quarterly earnings data on Thursday, January 29th. The business services provider reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.02. The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.29 billion. Robert Half had a return on equity of 10.20% and a net margin of 2.47%.The business’s quarterly revenue was down 5.8% compared to the same quarter last year. During the same period last year, the company earned $0.53 EPS. As a group, analysts anticipate that Robert Half Inc. will post 2.48 EPS for the current year.

Robert Half Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Wednesday, February 25th will be given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 9.5%. The ex-dividend date is Wednesday, February 25th. Robert Half’s dividend payout ratio (DPR) is presently 177.44%.

Robert Half Company 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.