Royce & Associates LP Has $8.75 Million Stock Holdings in Robert Half Inc. $RHI

Royce & Associates LP increased its position in shares of Robert Half Inc. (NYSE:RHI) by 2,657.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 322,201 shares of the business services provider’s stock after acquiring an additional 310,516 shares during the quarter. Royce & Associates LP’s holdings in Robert Half were worth $8,751,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Robert Half during the second quarter valued at $34,000. Larson Financial Group LLC lifted its stake 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 period. Danske Bank A S acquired a new position in shares of Robert Half during the third quarter valued at $37,000. Hantz Financial Services Inc. lifted its stake in shares of Robert Half by 952.4% during the third 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 during the period. Finally, Fifth Third Bancorp lifted its stake 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 valued at $37,000 after acquiring an additional 664 shares during the period. Institutional investors and hedge funds own 92.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on RHI shares. Robert W. Baird set a $50.00 price target on Robert Half in a research note on Friday, January 30th. Truist Financial upped their target price on shares of Robert Half from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, January 30th. Zacks Research cut shares of Robert Half from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 29th. Weiss Ratings cut shares of Robert Half from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 22nd. Finally, BMO Capital Markets dropped their target price on shares of Robert Half from $35.00 to $32.00 and set a “market perform” rating for the company in a research report on Tuesday, February 17th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Robert Half has a consensus rating of “Reduce” and an average target price of $31.75.

Robert Half Trading Up 4.9%

NYSE:RHI opened at $28.45 on Friday. Robert Half Inc. has a 1-year low of $21.83 and a 1-year high of $46.69. The business’s 50-day moving average price is $25.94 and its two-hundred day moving average price is $26.63. The firm has a market capitalization of $2.91 billion, a price-to-earnings ratio of 21.88 and a beta of 0.80.

Robert Half (NYSE:RHI) last released its earnings results on Thursday, April 23rd. The business services provider reported $0.14 earnings per share for the quarter, meeting the consensus estimate of $0.14. Robert Half had a return on equity of 10.14% and a net margin of 2.43%.The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the prior year, the firm posted $0.17 earnings per share. The company’s quarterly revenue was down 3.8% on a year-over-year basis. Sell-side analysts predict that Robert Half Inc. will post 1.29 earnings per share for the current year.

Robert Half Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 22nd will be paid a $0.59 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $2.36 annualized dividend and a yield of 8.3%. Robert Half’s dividend payout ratio is presently 181.54%.

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.