Deprince Race & Zollo Inc. Buys 707,078 Shares of Robert Half Inc. $RHI

Key Points

• Deprince Race & Zollo Inc. raised its stake in Robert Half by 40.8%, buying 707,078 shares to hold 2,440,961 shares (2.41% of the company) valued at about $66.3 million, making RHI its 13th largest holding.
• Institutional ownership is very high at 92.41%, with large investors such as AQR, Capital World Investors, Qube, Pzena and Man Group all substantially increasing their RHI positions by millions of shares.
• Wall Street sentiment is mixed—Robert Half has an average analyst rating of "Reduce" and an average price target of $31.75—while the company pays a quarterly $0.59 dividend (a 10.0% yield) but carries a stretched payout ratio of 177.44%.

Deprince Race & Zollo Inc. raised its stake in Robert Half Inc. (NYSE:RHI - Free Report) by 40.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,440,961 shares of the business services provider's stock after buying an additional 707,078 shares during the quarter. Robert Half comprises approximately 1.3% of Deprince Race & Zollo Inc.'s investment portfolio, making the stock its 13th biggest holding. Deprince Race & Zollo Inc. owned 2.41% of Robert Half worth $66,297,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of RHI. AQR Capital Management LLC lifted its stake in Robert Half by 190.5% in the second quarter. AQR Capital Management LLC now owns 6,201,209 shares of the business services provider's stock valued at $254,560,000 after buying an additional 4,066,328 shares in the last quarter. Capital World Investors lifted its stake in Robert Half by 460.5% in the third quarter. Capital World Investors now owns 4,341,133 shares of the business services provider's stock valued at $147,512,000 after buying an additional 3,566,645 shares in the last quarter. Qube Research & Technologies Ltd lifted its stake in Robert Half by 1,478.6% in the second quarter. Qube Research & Technologies Ltd now owns 1,145,456 shares of the business services provider's stock valued at $47,021,000 after buying an additional 1,072,895 shares in the last quarter. Pzena Investment Management LLC lifted its stake in Robert Half by 33.8% in the third quarter. Pzena Investment Management LLC now owns 3,179,968 shares of the business services provider's stock valued at $108,055,000 after buying an additional 802,691 shares in the last quarter. Finally, Man Group plc lifted its stake in Robert Half by 775.7% in the second quarter. Man Group plc now owns 654,458 shares of the business services provider's stock valued at $26,866,000 after buying an additional 579,719 shares in the last quarter. Institutional investors own 92.41% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on RHI. The Goldman Sachs Group boosted their price objective on shares of Robert Half from $24.00 to $27.00 and gave the stock a "sell" rating in a research report on Tuesday, February 3rd. Truist Financial boosted their price objective on shares of Robert Half from $35.00 to $40.00 and gave the stock a "buy" rating in a research report on Friday, January 30th. Barclays cut their price objective on shares of Robert Half from $36.00 to $25.00 and set an "equal weight" rating on the stock in a research report on Friday, March 6th. Weiss Ratings reissued a "sell (d)" rating on shares of Robert Half in a research report on Monday, December 29th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Robert Half from $29.00 to $31.00 and gave the stock a "neutral" rating in a research report on Friday, January 30th. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and four have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Robert Half presently has an average rating of "Reduce" and an average price target of $31.75.

Robert Half Stock Down 0.3%

Shares of RHI stock opened at $23.52 on Monday. The company's fifty day simple moving average is $25.36 and its 200-day simple moving average is $27.52. The firm has a market cap of $2.38 billion, a PE ratio of 17.68 and a beta of 0.85. Robert Half Inc. has a 12 month low of $21.83 and a 12 month high of $50.38.

Robert Half (NYSE:RHI - Get Free Report) last announced its quarterly earnings data on Thursday, January 29th. The business services provider reported $0.32 EPS for the quarter, topping analysts' consensus estimates of $0.30 by $0.02. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.29 billion. Robert Half had a net margin of 2.47% and a return on equity of 10.26%. The firm's revenue for the quarter was down 5.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.53 earnings per share. On average, equities analysts predict that Robert Half Inc. will post 2.48 earnings per share for the current fiscal year.

Robert Half Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Wednesday, February 25th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 10.0%. The ex-dividend date was Wednesday, February 25th. Robert Half's payout ratio is presently 177.44%.

Robert Half 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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