Baird Financial Group Inc. Buys 22,041 Shares of Robert Half Inc. $RHI

Key Points

• Baird Financial Group Inc. increased its stake in Robert Half Inc. by 48.5%, acquiring an additional 22,041 shares to now own 67,445 shares valued at approximately $3.68 million.
• Multiple large investors have shifted their positions in Robert Half, with notable increases from Charles Schwab and Point72 Asset Management, reflecting growing interest in the company.
• Robert Half announced a quarterly dividend of $0.59 per share, implying an annual yield of 6.4%, despite facing a revenue decline of 7.0% year-over-year.

Baird Financial Group Inc. grew its stake in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 48.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 67,445 shares of the business services provider's stock after purchasing an additional 22,041 shares during the period. Baird Financial Group Inc. owned approximately 0.07% of Robert Half worth $3,679,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. BNP Paribas Financial Markets raised its holdings in shares of Robert Half by 72.5% in the 4th quarter. BNP Paribas Financial Markets now owns 30,017 shares of the business services provider's stock worth $2,115,000 after acquiring an additional 12,617 shares during the last quarter. Captrust Financial Advisors raised its holdings in shares of Robert Half by 6.0% in the 4th quarter. Captrust Financial Advisors now owns 33,996 shares of the business services provider's stock worth $2,395,000 after acquiring an additional 1,918 shares during the last quarter. Deutsche Bank AG raised its holdings in shares of Robert Half by 21.3% in the 4th quarter. Deutsche Bank AG now owns 9,682 shares of the business services provider's stock worth $682,000 after acquiring an additional 1,700 shares during the last quarter. Focus Partners Wealth raised its holdings in shares of Robert Half by 8.7% in the 4th quarter. Focus Partners Wealth now owns 16,383 shares of the business services provider's stock worth $1,154,000 after acquiring an additional 1,307 shares during the last quarter. Finally, Quantinno Capital Management LP raised its holdings in shares of Robert Half by 110.8% in the 4th quarter. Quantinno Capital Management LP now owns 125,987 shares of the business services provider's stock worth $8,877,000 after acquiring an additional 66,222 shares during the last quarter. Institutional investors and hedge funds own 92.41% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on RHI. Wall Street Zen upgraded Robert Half from a "sell" rating to a "hold" rating in a report on Sunday, August 3rd. JPMorgan Chase & Co. decreased their price target on Robert Half from $47.00 to $45.00 and set a "neutral" rating for the company in a report on Thursday, July 24th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $45.83.

Robert Half Stock Performance

NYSE:RHI traded down $1.09 on Monday, hitting $35.94. The stock had a trading volume of 1,483,279 shares, compared to its average volume of 1,704,701. The stock has a market cap of $3.66 billion, a P/E ratio of 20.54 and a beta of 1.03. Robert Half Inc. has a 1 year low of $33.18 and a 1 year high of $78.41. The firm's fifty day simple moving average is $38.50 and its two-hundred day simple moving average is $44.86.

Robert Half (NYSE:RHI - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $0.41 EPS for the quarter, beating the consensus estimate of $0.40 by $0.01. The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.35 billion. Robert Half had a net margin of 3.20% and a return on equity of 13.00%. The company's revenue for the quarter was down 7.0% on a year-over-year basis. During the same quarter last year, the business posted $0.66 EPS. Equities research analysts predict that Robert Half Inc. will post 2.48 EPS for the current year.

Robert Half Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, August 25th will be given a dividend of $0.59 per share. The ex-dividend date is Monday, August 25th. This represents a $2.36 annualized dividend and a yield of 6.6%. Robert Half's dividend payout ratio is presently 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.