American Century Companies Inc. Grows Holdings in Robert Half Inc. $RHI

Key Points

• American Century Companies Inc. increased its stake in Robert Half Inc. by 6.4%, owning 210,369 shares valued at approximately $11.5 million as of the end of the first quarter.
• Several institutional investors such as Brandywine Global Investment Management and Public Sector Pension Investment Board significantly increased their holdings in Robert Half, further indicating strong investor interest in the company.
• Analysts have mixed ratings on Robert Half with a target price of $45.83, showing a range from "buy" to "sell," while the company recently announced a quarterly dividend of $0.59 per share, reflecting an annual yield of 6.2%.

American Century Companies Inc. boosted its position in Robert Half Inc. (NYSE:RHI - Free Report) by 6.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 210,369 shares of the business services provider's stock after purchasing an additional 12,673 shares during the quarter. American Century Companies Inc. owned about 0.21% of Robert Half worth $11,476,000 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. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Robert Half in the 1st quarter valued at about $3,195,000. GAMMA Investing LLC raised its stake in Robert Half by 92.9% in the 1st quarter. GAMMA Investing LLC now owns 2,091 shares of the business services provider's stock valued at $114,000 after purchasing an additional 1,007 shares during the last quarter. Jefferies Financial Group Inc. raised its stake in Robert Half by 119.4% in the 1st quarter. Jefferies Financial Group Inc. now owns 46,851 shares of the business services provider's stock valued at $2,556,000 after purchasing an additional 25,498 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Robert Half by 4.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 76,378 shares of the business services provider's stock valued at $4,166,000 after acquiring an additional 3,248 shares during the last quarter. Finally, Allworth Financial LP increased its stake in shares of Robert Half by 80.4% during the 1st quarter. Allworth Financial LP now owns 1,458 shares of the business services provider's stock valued at $80,000 after acquiring an additional 650 shares during the last quarter. Institutional investors and hedge funds own 92.41% of the company's stock.

Analyst Ratings Changes

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

Robert Half Price Performance

NYSE RHI traded up $0.84 on Friday, reaching $37.37. The company had a trading volume of 1,875,300 shares, compared to its average volume of 1,720,491. The firm has a market capitalization of $3.80 billion, a PE ratio of 21.35 and a beta of 1.02. Robert Half Inc. has a 1 year low of $33.18 and a 1 year high of $78.41. The firm has a 50-day moving average of $39.04 and a 200-day moving average of $46.14.

Robert Half (NYSE:RHI - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $0.41 earnings per share for the quarter, topping analysts' consensus estimates of $0.40 by $0.01. The firm had revenue of $1.37 billion during the quarter, compared to analysts' expectations 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 quarter in the prior year, the business earned $0.66 EPS. As a group, sell-side analysts expect that Robert Half Inc. will post 2.48 EPS for the current fiscal year.

Robert Half Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, August 25th will be issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 6.3%. The ex-dividend date is Monday, August 25th. Robert Half's dividend payout ratio is currently 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.