California State Teachers Retirement System Grows Stock Holdings in Robert Half Inc. $RHI

Key Points

• California State Teachers Retirement System increased its Robert Half stake by 25% in the first quarter, bringing its holdings to 119,848 shares worth approximately $3.04 million. Institutional investors collectively own 92.41% of the company.
• Robert Half reported quarterly revenue of $1.34 billion and adjusted earnings of $0.26 per share, matching analysts’ estimates, though revenue declined 2.4% year over year.
• The company declared a quarterly dividend of $0.59 per share, representing a 5.5% annualized yield; however, analysts maintain an average “Reduce” rating with a $34.75 price target versus the stock’s $42.63 opening price.

California State Teachers Retirement System increased its position in Robert Half Inc. (NYSE:RHI - Free Report) by 25.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 119,848 shares of the business services provider's stock after buying an additional 23,994 shares during the period. California State Teachers Retirement System owned about 0.12% of Robert Half worth $3,044,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of RHI. Deprince Race & Zollo Inc. grew its position in shares of Robert Half by 40.8% during the fourth quarter. Deprince Race & Zollo Inc. now owns 2,440,961 shares of the business services provider's stock worth $66,297,000 after purchasing an additional 707,078 shares in the last quarter. M&T Bank Corp raised its stake in Robert Half by 5,652.2% during the 4th quarter. M&T Bank Corp now owns 442,520 shares of the business services provider's stock valued at $12,019,000 after purchasing an additional 434,827 shares during the period. Crescent Grove Advisors LLC purchased a new position in Robert Half in the 1st quarter worth approximately $497,000. Royce & Associates LP lifted its holdings in Robert Half by 2,657.4% in the 4th quarter. Royce & Associates LP now owns 322,201 shares of the business services provider's stock worth $8,751,000 after purchasing an additional 310,516 shares in the last quarter. Finally, Brickwood Asset Management LLP bought a new position in Robert Half in the 4th quarter worth approximately $34,908,000. Hedge funds and other institutional investors own 92.41% of the company's stock.

Robert Half Trading Down 0.3%

NYSE:RHI opened at $42.63 on Monday. The business's 50-day moving average is $34.74 and its 200 day moving average is $29.21. Robert Half Inc. has a 12 month low of $21.83 and a 12 month high of $44.18. The company has a market capitalization of $4.36 billion, a P/E ratio of 37.07 and a beta of 0.79.

Robert Half (NYSE:RHI - Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The business services provider reported $0.26 earnings per share for the quarter, meeting the consensus estimate of $0.26. The business had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.32 billion. Robert Half had a return on equity of 9.18% and a net margin of 2.17%.The firm's revenue for the quarter was down 2.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.41 EPS. On average, research analysts forecast that Robert Half Inc. will post 1.29 earnings per share for the current year.

Robert Half Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, August 25th will be given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 5.5%. The ex-dividend date is Tuesday, August 25th. Robert Half's payout ratio is currently 205.22%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. William Blair raised shares of Robert Half from a "market perform" rating to an "outperform" rating in a report on Tuesday, April 21st. Robert W. Baird set a $47.00 target price on shares of Robert Half in a report on Monday, July 27th. BMO Capital Markets raised shares of Robert Half from a "market perform" rating to an "outperform" rating and set a $47.00 target price on the stock in a report on Monday, July 27th. Zacks Research upgraded shares of Robert Half from a "strong sell" rating to a "hold" rating in a research report on Tuesday, July 14th. Finally, Weiss Ratings raised shares of Robert Half from a "sell (d)" rating to a "sell (d+)" rating in a research note on Wednesday, June 17th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, Robert Half presently has an average rating of "Reduce" and an average target price of $34.75.

Robert Half Company Profile

Robert Half International Inc, founded in 1948 by Robert Half, is a global professional staffing and consulting firm headquartered in Menlo Park, California. As a pioneer in specialized staffing, the company has built a reputation for matching skilled professionals with leading organizations across a range of industries. Robert Half's shares trade on the New York Stock Exchange under the ticker RHI, reflecting its position as one of the longest‐standing and best‐known firms in the staffing sector.

The company offers a comprehensive suite of services, including temporary staffing, permanent placement, and consulting solutions.

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