Pzena Investment Management LLC Takes Position in Robert Half Inc. $RHI

Key Points

• Pzena Investment Management acquired 6.22 million Robert Half shares worth approximately $191 million, giving it a 6.08% stake. Institutional investors and hedge funds collectively own 92.41% of the company.
• Analyst sentiment remains mixed: three analysts rate RHI a Buy, three Hold, and four Sell, producing an overall “Reduce” rating and a consensus price target of $34.75.
• Robert Half reported quarterly EPS of $0.26, matching estimates, while revenue of $1.34 billion exceeded forecasts but declined 2.4% year over year. The company also announced a quarterly dividend of $0.59, representing a 5.6% annualized yield.

Pzena Investment Management LLC purchased a new position in Robert Half Inc. (NYSE:RHI - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,222,305 shares of the business services provider's stock, valued at approximately $191,025,000. Pzena Investment Management LLC owned approximately 6.08% of Robert Half at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RHI. Larson Financial Group LLC raised its holdings in Robert Half by 321.0% in the 4th quarter. Larson Financial Group LLC now owns 1,002 shares of the business services provider's stock valued at $27,000 after acquiring an additional 764 shares during the last quarter. Gilpin Wealth Management LLC acquired a new position in shares of Robert Half during the 4th quarter worth approximately $27,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Robert Half during the 2nd quarter worth approximately $34,000. Elevation Wealth Partners LLC boosted its holdings in shares of Robert Half by 605.6% during the 2nd quarter. Elevation Wealth Partners LLC now owns 1,136 shares of the business services provider's stock worth $35,000 after purchasing an additional 975 shares during the last quarter. Finally, Fifth Third Bancorp grew its position in shares of Robert Half by 94.3% in the fourth quarter. Fifth Third Bancorp now owns 1,368 shares of the business services provider's stock valued at $37,000 after purchasing an additional 664 shares in the last quarter. 92.41% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

RHI has been the subject of several recent research reports. Weiss Ratings raised Robert Half from a "sell (d)" rating to a "sell (d+)" rating in a report on Wednesday, June 17th. Truist Financial boosted their price objective on Robert Half from $40.00 to $50.00 and gave the stock a "buy" rating in a research note on Wednesday, July 22nd. William Blair raised Robert Half from a "market perform" rating to an "outperform" rating in a research note on Tuesday, April 21st. Zacks Research upgraded Robert Half from a "strong sell" rating to a "hold" rating in a report on Tuesday, July 14th. Finally, The Goldman Sachs Group boosted their price target on shares of Robert Half from $26.00 to $29.00 and gave the company a "sell" rating in a research report on Friday, July 24th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Reduce" and a consensus target price of $34.75.

Robert Half Price Performance

Shares of NYSE RHI opened at $42.36 on Tuesday. The company has a 50 day simple moving average of $36.16 and a 200-day simple moving average of $29.82. The company has a market capitalization of $4.34 billion, a P/E ratio of 36.84 and a beta of 0.79. Robert Half Inc. has a 1 year low of $21.83 and a 1 year high of $44.47.

Robert Half (NYSE:RHI - Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The business services provider reported $0.26 EPS for the quarter, meeting the consensus estimate of $0.26. The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.32 billion. Robert Half had a net margin of 2.17% and a return on equity of 9.18%. The business's revenue for the quarter was down 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.41 EPS. As a group, research analysts expect that Robert Half Inc. will post 1.27 EPS for the current year.

Robert Half Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, August 25th will be given a $0.59 dividend. The ex-dividend date is Tuesday, August 25th. This represents a $2.36 dividend on an annualized basis and a yield of 5.6%. Robert Half's payout ratio is currently 205.22%.

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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