Deprince Race & Zollo Inc. Acquires 188,720 Shares of Robert Half Inc. (NYSE:RHI)

Deprince Race & Zollo Inc. boosted its stake in Robert Half Inc. (NYSE:RHI - Free Report) by 29.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 825,747 shares of the business services provider's stock after buying an additional 188,720 shares during the period. Robert Half makes up approximately 1.2% of Deprince Race & Zollo Inc.'s portfolio, making the stock its 13th biggest position. Deprince Race & Zollo Inc. owned about 0.80% of Robert Half worth $58,182,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Robert Half by 613.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 364 shares of the business services provider's stock valued at $25,000 after acquiring an additional 313 shares during the period. Headlands Technologies LLC acquired a new stake in Robert Half during the 4th quarter valued at $26,000. Signaturefd LLC lifted its holdings in Robert Half by 121.3% in the 4th quarter. Signaturefd LLC now owns 436 shares of the business services provider's stock valued at $31,000 after purchasing an additional 239 shares in the last quarter. Eastern Bank purchased a new position in shares of Robert Half during the 4th quarter worth $35,000. Finally, GeoWealth Management LLC purchased a new position in shares of Robert Half during the 4th quarter worth about $35,000. Institutional investors and hedge funds own 92.41% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on RHI shares. BNP Paribas Exane downgraded shares of Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 price objective for the company. in a research report on Friday, May 2nd. Truist Financial set a $55.00 price objective on Robert Half and gave the stock a "buy" rating in a research note on Thursday, April 24th. StockNews.com lowered Robert Half from a "buy" rating to a "hold" rating in a report on Tuesday, April 15th. The Goldman Sachs Group dropped their price target on shares of Robert Half from $46.00 to $40.00 and set a "sell" rating on the stock in a research report on Thursday, April 24th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Robert Half from $65.00 to $47.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Robert Half has an average rating of "Hold" and a consensus target price of $48.71.

Robert Half Price Performance

NYSE RHI traded down $0.28 during trading on Tuesday, reaching $47.91. 219,108 shares of the company's stock were exchanged, compared to its average volume of 1,492,031. The business has a 50 day moving average price of $49.54 and a 200-day moving average price of $62.00. The stock has a market capitalization of $4.89 billion, a P/E ratio of 19.64 and a beta of 1.06. Robert Half Inc. has a fifty-two week low of $40.00 and a fifty-two week high of $78.41.

Robert Half (NYSE:RHI - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $0.17 earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by ($0.19). Robert Half had a return on equity of 17.20% and a net margin of 4.34%. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same period last year, the company posted $0.61 EPS. The business's revenue was down 8.4% on a year-over-year basis. On average, analysts forecast that Robert Half Inc. will post 2.48 earnings per share for the current year.

Robert Half Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 23rd will be paid a dividend of $0.59 per share. The ex-dividend date is Friday, May 23rd. This represents a $2.36 dividend on an annualized basis and a yield of 4.93%. Robert Half's dividend payout ratio (DPR) is presently 118.00%.

Robert Half Company Profile

Robert Half Inc provides talent solutions and business consulting services in North America, South America, Europe, Asia, and Australia. The company operates through Contract Talent Solutions, Permanent Placement Talent Solutions, and Protiviti segments. The Contract Talent Solutions segment provides contract engagement professionals in the fields of finance and accounting, technology, marketing and creative, legal and administrative, and customer support.