Kiltearn Partners LLP Purchases New Holdings in Robert Half Inc. $RHI

Key Points

• Kiltearn Partners LLP purchased 304,068 shares of Robert Half, valued at approximately $9.3 million, making the stock its 18th-largest holding and representing about 2.3% of its portfolio.
• Analyst sentiment remains mixed but has improved, with BMO Capital Markets upgrading the stock to “outperform.” The consensus rating is Hold, with an average price target of $34.75.
• Robert Half reported quarterly EPS of $0.26, in line with estimates, while revenue reached $1.34 billion but declined 2.4% year over year. The company announced a quarterly dividend of $0.59 per share, equivalent to a 5.3% annualized yield.

Kiltearn Partners LLP purchased a new position in shares of Robert Half Inc. (NYSE:RHI - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 304,068 shares of the business services provider's stock, valued at approximately $9,335,000. Robert Half accounts for approximately 2.3% of Kiltearn Partners LLP's portfolio, making the stock its 18th biggest holding. Kiltearn Partners LLP owned approximately 0.30% of Robert Half as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Larson Financial Group LLC raised its stake in shares of Robert Half by 321.0% during the 4th quarter. Larson Financial Group LLC now owns 1,002 shares of the business services provider's stock worth $27,000 after purchasing an additional 764 shares during the period. Gilpin Wealth Management LLC bought a new position in Robert Half during the fourth quarter valued at about $27,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Robert Half during the second quarter valued at about $34,000. Elevation Wealth Partners LLC grew its position in Robert Half by 605.6% during the second quarter. Elevation Wealth Partners LLC now owns 1,136 shares of the business services provider's stock valued at $35,000 after buying an additional 975 shares during the period. Finally, Fifth Third Bancorp increased its holdings in Robert Half by 94.3% during the fourth quarter. Fifth Third Bancorp now owns 1,368 shares of the business services provider's stock worth $37,000 after buying an additional 664 shares during the last quarter. Institutional investors own 92.41% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Weiss Ratings raised Robert Half from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Tuesday. BMO Capital Markets raised Robert Half from a "market perform" rating to an "outperform" rating and set a $47.00 price target on the stock in a research report on Monday, July 27th. The Goldman Sachs Group increased their price target on Robert Half from $26.00 to $29.00 and gave the stock a "sell" rating in a research note on Friday, July 24th. Robert W. Baird set a $47.00 price objective on Robert Half in a report on Monday, July 27th. Finally, Zacks Research upgraded Robert Half from a "strong sell" rating to a "hold" rating in a research note on Tuesday, July 14th. Three analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $34.75.

Robert Half Price Performance

Robert Half stock opened at $44.87 on Friday. The firm has a market capitalization of $4.59 billion, a P/E ratio of 39.02 and a beta of 0.79. Robert Half Inc. has a one year low of $21.83 and a one year high of $45.83. The business has a fifty day moving average price of $37.17 and a 200-day moving average price of $30.23.

Robert Half (NYSE:RHI - Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The business services provider reported $0.26 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.26. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates 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 period in the previous year, the company posted $0.41 EPS. Sell-side analysts expect that Robert Half Inc. will post 1.27 earnings per share for the current fiscal year.

Robert Half Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, August 25th will be issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date of this dividend is Tuesday, August 25th. Robert Half's payout ratio is presently 205.22%.

About Robert Half

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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