Robert Half Inc. (NYSE:RHI) Position Increased by Jefferies Financial Group Inc.

Key Points

• Jefferies Financial Group Inc. increased its stake in Robert Half Inc. by 119.4% during the first quarter, owning a total of 46,851 shares valued at approximately $2.56 million.
• Robert Half reported $0.41 earnings per share, which surpassed analysts' expectations, alongside a quarterly revenue of $1.37 billion, despite a year-over-year revenue decline of 7%.
• The stock has been rated "Hold" by analysts on average, with a target price of approximately $45.83, following recent downgrades from some institutions.

Jefferies Financial Group Inc. raised its position in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 119.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 46,851 shares of the business services provider's stock after buying an additional 25,498 shares during the quarter. Jefferies Financial Group Inc.'s holdings in Robert Half were worth $2,556,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Fiduciary Management Inc. WI lifted its stake in Robert Half by 15.4% during the fourth quarter. Fiduciary Management Inc. WI now owns 2,251,541 shares of the business services provider's stock valued at $158,644,000 after buying an additional 300,524 shares in the last quarter. Geode Capital Management LLC lifted its stake in Robert Half by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 2,109,561 shares of the business services provider's stock valued at $148,677,000 after buying an additional 53,294 shares in the last quarter. First Trust Advisors LP lifted its stake in Robert Half by 1.9% during the fourth quarter. First Trust Advisors LP now owns 1,975,037 shares of the business services provider's stock valued at $139,161,000 after buying an additional 36,150 shares in the last quarter. Pzena Investment Management LLC increased its holdings in shares of Robert Half by 29.2% in the 1st quarter. Pzena Investment Management LLC now owns 1,318,708 shares of the business services provider's stock valued at $71,936,000 after purchasing an additional 298,368 shares during the period. Finally, Northern Trust Corp lifted its position in shares of Robert Half by 18.9% in the fourth quarter. Northern Trust Corp now owns 1,067,255 shares of the business services provider's stock worth $75,199,000 after purchasing an additional 169,682 shares in the last quarter. 92.41% of the stock is owned by hedge funds and other institutional investors.

Robert Half Price Performance

Shares of RHI stock opened at $35.34 on Friday. The stock has a market cap of $3.61 billion, a P/E ratio of 20.19 and a beta of 1.02. Robert Half Inc. has a one year low of $35.22 and a one year high of $78.41. The stock has a fifty day moving average price of $42.19 and a 200 day moving average price of $50.08.

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

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. BNP Paribas lowered shares of Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 price target for the company. in a research report on Friday, May 2nd. Barclays reduced their price target on shares of Robert Half from $50.00 to $45.00 and set an "equal weight" rating for the company in a research report on Thursday, April 24th. BNP Paribas Exane lowered shares of Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 price target for the company. in a research report on Friday, May 2nd. Wall Street Zen raised shares of Robert Half from a "sell" rating to a "hold" rating in a research report on Sunday. Finally, JPMorgan Chase & Co. reduced their price target on shares of Robert Half from $47.00 to $45.00 and set a "neutral" rating for the company in a research report on Thursday, July 24th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $45.83.

About Robert Half

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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