Pzena Investment Management LLC Has $97.59 Million Stake in Robert Half Inc. $RHI

Key Points

• Pzena Investment Management LLC increased its stake in Robert Half Inc. by 80.3% in Q2, owning 2,377,277 shares now valued at approximately $97.59 million.
• Analysts have mixed views on Robert Half, with a consensus rating of "Reduce" and an average target price of $45.83 following a range of ratings from "Buy" to "Sell".
• Robert Half recently declared a quarterly dividend of $0.59, representing a 7.5% dividend yield, with a current dividend payout ratio of 134.86%.

Pzena Investment Management LLC boosted its holdings in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 80.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,377,277 shares of the business services provider's stock after purchasing an additional 1,058,569 shares during the period. Pzena Investment Management LLC owned 2.33% of Robert Half worth $97,587,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. boosted its position in Robert Half by 5.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,618,177 shares of the business services provider's stock valued at $197,372,000 after buying an additional 184,592 shares during the last quarter. Alliancebernstein L.P. boosted its position in Robert Half by 1.6% in the 1st quarter. Alliancebernstein L.P. now owns 3,268,435 shares of the business services provider's stock valued at $178,293,000 after buying an additional 50,436 shares during the last quarter. Fiduciary Management Inc. WI boosted its position in Robert Half by 14.4% in the 1st quarter. Fiduciary Management Inc. WI now owns 2,576,782 shares of the business services provider's stock valued at $140,563,000 after buying an additional 325,241 shares during the last quarter. AQR Capital Management LLC boosted its position in Robert Half by 27.2% in the 1st quarter. AQR Capital Management LLC now owns 2,134,881 shares of the business services provider's stock valued at $115,348,000 after buying an additional 457,025 shares during the last quarter. Finally, Jupiter Asset Management Ltd. bought a new position in Robert Half in the 1st quarter valued at $71,175,000. 92.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on RHI shares. Weiss Ratings reiterated a "sell (d)" rating on shares of Robert Half in a research report on Saturday, September 27th. Zacks Research lowered Robert Half from a "hold" rating to a "strong sell" rating in a research report on Monday, September 22nd. JPMorgan Chase & Co. decreased their price objective on Robert Half from $47.00 to $45.00 and set a "neutral" rating on the stock in a research report on Thursday, July 24th. Finally, Wall Street Zen upgraded Robert Half from a "sell" rating to a "hold" rating in a research report on Sunday, August 3rd. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Reduce" and an average price target of $45.83.

Robert Half Trading Down 5.7%

RHI stock opened at $31.36 on Monday. The business's 50-day moving average price is $35.34 and its two-hundred day moving average price is $41.35. The firm has a market cap of $3.19 billion, a PE ratio of 17.92 and a beta of 1.02. Robert Half Inc. has a 1-year low of $31.32 and a 1-year high of $78.41.

Robert Half (NYSE:RHI - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.01. Robert Half had a return on equity of 13.00% and a net margin of 3.20%.The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter last year, the business posted $0.66 EPS. The company's revenue for the quarter was down 7.0% on a year-over-year basis. On average, analysts forecast that Robert Half Inc. will post 2.48 earnings per share for the current year.

Robert Half Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, August 25th were paid a $0.59 dividend. The ex-dividend date of this dividend was Monday, August 25th. This represents a $2.36 annualized dividend and a dividend yield of 7.5%. Robert Half's dividend payout ratio (DPR) is currently 134.86%.

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.

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