102,422 Shares in Robert Half Inc. (NYSE:RHI) Purchased by Connor Clark & Lunn Investment Management Ltd.

Key Points

• Connor Clark & Lunn Investment Management Ltd. acquired 102,422 shares of Robert Half Inc. (NYSE:RHI) in the first quarter, valued at approximately $5.59 million, representing a 0.10% stake in the company.
• Robert Half recently reported a quarterly earnings per share (EPS) of $0.41, beating estimates, although their revenue decreased by 7% year-over-year to $1.37 billion.
• The company announced a $0.59 quarterly dividend, equating to a yield of 6.8%, with a stipulation that shareholders must be on record by August 25th to qualify for the dividend.

Connor Clark & Lunn Investment Management Ltd. purchased a new position in Robert Half Inc. (NYSE:RHI - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 102,422 shares of the business services provider's stock, valued at approximately $5,587,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.10% of Robert Half as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in RHI. Charles Schwab Investment Management Inc. lifted its position in shares of Robert Half by 5.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,618,177 shares of the business services provider's stock worth $197,372,000 after buying an additional 184,592 shares during the last quarter. Fiduciary Management Inc. WI increased its holdings in shares of Robert Half by 15.4% in the 4th quarter. Fiduciary Management Inc. WI now owns 2,251,541 shares of the business services provider's stock valued at $158,644,000 after acquiring an additional 300,524 shares during the period. First Trust Advisors LP increased its holdings in shares of Robert Half by 1.9% in the 4th quarter. First Trust Advisors LP now owns 1,975,037 shares of the business services provider's stock valued at $139,161,000 after acquiring an additional 36,150 shares during the period. Pzena Investment Management LLC increased its holdings in shares of Robert Half by 29.2% in the 1st quarter. Pzena Investment Management LLC now owns 1,318,708 shares of the business services provider's stock valued at $71,936,000 after acquiring an additional 298,368 shares during the period. Finally, Jupiter Asset Management Ltd. acquired a new position in shares of Robert Half in the 1st quarter valued at $71,175,000. Hedge funds and other institutional investors own 92.41% of the company's stock.

Robert Half Trading Up 0.2%

Shares of NYSE:RHI traded up $0.08 on Friday, reaching $36.33. 1,629,007 shares of the company were exchanged, compared to its average volume of 2,086,116. Robert Half Inc. has a 1-year low of $33.18 and a 1-year high of $78.41. The firm has a market cap of $3.70 billion, a price-to-earnings ratio of 20.76 and a beta of 1.02. The company has a 50-day moving average of $40.18 and a 200-day moving average of $47.62.

Robert Half (NYSE:RHI - Get Free Report) last posted 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. Robert Half had a net margin of 3.20% and a return on equity of 13.00%. The business had revenue of $1.37 billion for the quarter, compared to analysts' expectations of $1.35 billion. During the same period in the prior year, the company posted $0.66 EPS. The business's revenue for the quarter was down 7.0% on a year-over-year basis. As a group, analysts forecast that Robert Half Inc. will post 2.48 earnings per share for the current year.

Robert Half Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, August 25th will be given a $0.59 dividend. The ex-dividend date is Monday, August 25th. This represents a $2.36 annualized dividend and a dividend yield of 6.5%. Robert Half's payout ratio is currently 134.86%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Wall Street Zen raised shares of Robert Half from a "sell" rating to a "hold" rating in a report 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 on the stock in a research note on Thursday, July 24th. Truist Financial set a $55.00 price objective on shares of Robert Half and gave the company a "buy" rating in a research note on Thursday, April 24th. BNP Paribas cut shares of 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. Finally, BNP Paribas Exane cut shares of 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. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $45.83.

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.