Nuveen LLC Acquires Shares of 286,306 Robert Half Inc. $RHI

Key Points

• Nuveen LLC acquired a new stake in Robert Half Inc., purchasing 286,306 shares valued at approximately $15.6 million, representing roughly 0.28% of the company's shares as of the last quarter.
• Robert Half has received varied analyst ratings, with a consensus rating of "Hold" and a price target of **$45.83**, while Goldman Sachs set a lower target of **$40.00** with a "sell" rating.
• The company announced a quarterly dividend of **$0.59** per share, reflecting a **6.4% dividend yield**, despite a payout ratio of **134.86%**.

Nuveen LLC acquired a new stake in Robert Half Inc. (NYSE:RHI - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 286,306 shares of the business services provider's stock, valued at approximately $15,618,000. Nuveen LLC owned approximately 0.28% of Robert Half at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in RHI. Manchester Capital Management LLC increased its stake in shares of Robert Half by 45.0% in the 1st quarter. Manchester Capital Management LLC now owns 825 shares of the business services provider's stock valued at $45,000 after purchasing an additional 256 shares during the last quarter. Riverwater Partners LLC increased its stake in shares of Robert Half by 10.0% in the 1st quarter. Riverwater Partners LLC now owns 5,007 shares of the business services provider's stock valued at $273,000 after purchasing an additional 457 shares during the last quarter. Trust Point Inc. increased its stake in shares of Robert Half by 8.2% in the 1st quarter. Trust Point Inc. now owns 6,488 shares of the business services provider's stock valued at $354,000 after purchasing an additional 494 shares during the last quarter. GeoWealth Management LLC bought a new stake in Robert Half during the 4th quarter worth $35,000. Finally, Wedbush Securities Inc. grew its position in Robert Half by 15.9% during the 1st quarter. Wedbush Securities Inc. now owns 3,682 shares of the business services provider's stock worth $201,000 after acquiring an additional 504 shares during the last quarter. 92.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Wall Street Zen raised Robert Half from a "sell" rating to a "hold" rating in a report on Sunday, August 3rd. BNP Paribas downgraded Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 price objective on the stock. in a research note on Friday, May 2nd. JPMorgan Chase & Co. dropped their price target on Robert Half from $47.00 to $45.00 and set a "neutral" rating on the stock in a research note on Thursday, July 24th. Finally, BNP Paribas Exane 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. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Robert Half has an average rating of "Hold" and an average price target of $45.83.

Robert Half Stock Up 5.3%

Robert Half stock traded up $1.9150 during mid-day trading on Friday, reaching $37.8750. 2,026,472 shares of the company's stock were exchanged, compared to its average volume of 1,872,713. The business's fifty day simple moving average is $39.44 and its 200 day simple moving average is $46.68. The firm has a market capitalization of $3.85 billion, a PE ratio of 21.64 and a beta of 1.02. Robert Half Inc. has a one year low of $33.18 and a one year high of $78.41.

Robert Half (NYSE:RHI - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $0.41 EPS for the quarter, topping analysts' consensus estimates of $0.40 by $0.01. The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.35 billion. Robert Half had a return on equity of 13.00% and a net margin of 3.20%.Robert Half's quarterly revenue was down 7.0% compared to the same quarter last year. During the same period last year, the company posted $0.66 earnings per share. On average, sell-side analysts forecast that Robert Half Inc. will post 2.48 earnings per share for the current year.

Robert Half Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, August 25th will be issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 6.2%. The ex-dividend date of this dividend is Monday, August 25th. Robert Half's dividend payout ratio is 134.86%.

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.