Deprince Race & Zollo Inc. Increases Stock Position in Robert Half Inc. (NYSE:RHI)

Deprince Race & Zollo Inc. increased its position in Robert Half Inc. (NYSE:RHI - Free Report) by 29.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 825,747 shares of the business services provider's stock after buying an additional 188,720 shares during the quarter. Robert Half accounts for approximately 1.2% of Deprince Race & Zollo Inc.'s investment portfolio, making the stock its 13th largest position. Deprince Race & Zollo Inc. owned approximately 0.80% of Robert Half worth $58,182,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Mawer Investment Management Ltd. lifted its stake in shares of Robert Half by 72.6% in the fourth quarter. Mawer Investment Management Ltd. now owns 8,079,597 shares of the business services provider's stock worth $569,288,000 after acquiring an additional 3,398,257 shares during the period. Boston Partners raised its holdings in Robert Half by 17.5% during the 4th quarter. Boston Partners now owns 8,554,276 shares of the business services provider's stock worth $602,867,000 after purchasing an additional 1,271,237 shares during the last quarter. Norges Bank acquired a new position in shares of Robert Half in the 4th quarter worth approximately $60,257,000. Balyasny Asset Management L.P. boosted its stake in shares of Robert Half by 5,172.2% in the 4th quarter. Balyasny Asset Management L.P. now owns 693,394 shares of the business services provider's stock valued at $48,857,000 after purchasing an additional 680,242 shares during the last quarter. Finally, Wellington Management Group LLP increased its position in shares of Robert Half by 293.3% during the fourth quarter. Wellington Management Group LLP now owns 831,359 shares of the business services provider's stock worth $58,578,000 after buying an additional 619,982 shares during the period. Institutional investors own 92.41% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Barclays lowered their price objective on shares of Robert Half from $50.00 to $45.00 and set an "equal weight" rating for the company in a research note on Thursday, April 24th. The Goldman Sachs Group dropped their price objective on shares of Robert Half from $46.00 to $40.00 and set a "sell" rating on the stock in a report on Thursday, April 24th. BNP Paribas Exane downgraded Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 target price for the company. in a research note on Friday, May 2nd. BNP Paribas downgraded Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 price target on the stock. in a research note on Friday, May 2nd. Finally, Truist Financial set a $55.00 price objective on Robert Half and gave the company a "buy" rating in a research note on Thursday, April 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, Robert Half has a consensus rating of "Hold" and a consensus price target of $48.71.

Robert Half Trading Down 1.2 %

Robert Half stock traded down $0.56 during trading on Friday, hitting $44.77. 729,717 shares of the company were exchanged, compared to its average volume of 1,495,663. The company has a market capitalization of $4.57 billion, a P/E ratio of 18.35 and a beta of 1.06. The business's 50 day moving average is $49.68 and its 200 day moving average is $62.19. Robert Half Inc. has a 52 week low of $40.00 and a 52 week high of $78.41.

Robert Half (NYSE:RHI - Get Free Report) last released 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 net margin of 4.34% and a return on equity of 17.20%. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same period in the previous year, the business earned $0.61 earnings per share. The firm's revenue for the quarter was down 8.4% on a year-over-year basis. Equities analysts expect that Robert Half Inc. will post 2.48 EPS for the current year.

Robert Half Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 23rd will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 5.27%. The ex-dividend date is Friday, May 23rd. Robert Half's payout ratio is 118.00%.

Robert Half 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.