Pzena Investment Management LLC Has $71.94 Million Stock Holdings in Robert Half Inc. (NYSE:RHI)

Pzena Investment Management LLC boosted its position in Robert Half Inc. (NYSE:RHI - Free Report) by 29.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,318,708 shares of the business services provider's stock after buying an additional 298,368 shares during the quarter. Pzena Investment Management LLC owned approximately 1.29% of Robert Half worth $71,936,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quadrant Capital Group LLC lifted its holdings in shares of Robert Half by 11.3% in the fourth quarter. Quadrant Capital Group LLC now owns 2,155 shares of the business services provider's stock valued at $152,000 after purchasing an additional 218 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Robert Half by 39.3% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 780 shares of the business services provider's stock valued at $55,000 after purchasing an additional 220 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of Robert Half by 121.3% in the fourth quarter. Signaturefd LLC now owns 436 shares of the business services provider's stock valued at $31,000 after purchasing an additional 239 shares in the last quarter. Treasurer of the State of North Carolina lifted its holdings in shares of Robert Half by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 44,483 shares of the business services provider's stock valued at $3,134,000 after purchasing an additional 280 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Robert Half by 62.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 794 shares of the business services provider's stock valued at $56,000 after purchasing an additional 304 shares in the last quarter. 92.41% of the stock is owned by institutional investors.

Analysts Set New Price Targets

RHI has been the subject of a number of research analyst reports. Wall Street Zen upgraded Robert Half from a "sell" rating to a "hold" rating in a report on Friday, June 6th. JPMorgan Chase & Co. reduced their target price on Robert Half from $65.00 to $47.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. Truist Financial set a $55.00 target price on Robert Half and gave the company a "buy" rating in a report on Thursday, April 24th. BNP Paribas lowered Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 price objective for the company. in a report on Friday, May 2nd. Finally, The Goldman Sachs Group cut their price objective on Robert Half from $46.00 to $40.00 and set a "sell" rating for the company in a report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $48.71.

Robert Half Stock Performance

Shares of NYSE:RHI traded up $0.89 during midday trading on Thursday, hitting $42.07. 2,065,764 shares of the stock were exchanged, compared to its average volume of 1,419,059. Robert Half Inc. has a 52-week low of $39.61 and a 52-week high of $78.41. The business's fifty day simple moving average is $43.78 and its two-hundred day simple moving average is $52.41. The company has a market capitalization of $4.30 billion, a PE ratio of 21.04 and a beta of 1.00.

Robert Half (NYSE:RHI - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The business services provider reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.19). Robert Half had a net margin of 3.62% and a return on equity of 14.54%. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter last year, the business earned $0.61 earnings per share. Robert Half's quarterly revenue was down 8.4% on a year-over-year basis. As a group, equities analysts anticipate that Robert Half Inc. will post 2.48 EPS for the current year.

Robert Half Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 23rd were given a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 5.61%. The ex-dividend date was Friday, May 23rd. Robert Half's dividend payout ratio is currently 118.00%.

Robert Half Company 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.