Robert Half Inc. $RHI Shares Purchased by Brandywine Global Investment Management LLC

Key Points

• Brandywine Global Investment Management LLC increased its stake in Robert Half Inc. by 22.7% during the first quarter, owning approximately 0.10% of the company valued at $5.39 million.
• Robert Half reported earnings per share (EPS) of $0.41 for the last quarter, surpassing estimates of $0.40, while revenue was $1.37 billion, slightly above expectations.
• The company declared a $0.59 quarterly dividend with a yield of 6.5%, representing a payout ratio of 134.86%.

Brandywine Global Investment Management LLC boosted its holdings in Robert Half Inc. (NYSE:RHI - Free Report) by 22.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 98,837 shares of the business services provider's stock after purchasing an additional 18,302 shares during the quarter. Brandywine Global Investment Management LLC owned approximately 0.10% of Robert Half worth $5,392,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in RHI. CX Institutional bought a new stake in Robert Half in the first quarter valued at $33,000. GeoWealth Management LLC bought a new stake in shares of Robert Half during the fourth quarter valued at about $35,000. Orion Capital Management LLC acquired a new position in Robert Half during the fourth quarter worth about $41,000. Manchester Capital Management LLC grew its holdings in Robert Half by 45.0% during the first quarter. Manchester Capital Management LLC now owns 825 shares of the business services provider's stock worth $45,000 after acquiring an additional 256 shares during the period. Finally, Allworth Financial LP grew its holdings in Robert Half by 80.4% during the first quarter. Allworth Financial LP now owns 1,458 shares of the business services provider's stock worth $80,000 after acquiring an additional 650 shares during the period. Institutional investors and hedge funds own 92.41% of the company's stock.

Wall Street Analysts Forecast Growth

RHI has been the topic of a number of analyst reports. Barclays dropped their price target on Robert Half from $50.00 to $45.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. BNP Paribas Exane cut Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 target price on the stock. in a research note on Friday, May 2nd. BNP Paribas lowered Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 price target for the company. in a report on Friday, May 2nd. Wall Street Zen upgraded Robert Half from a "sell" rating to a "hold" rating in a report on Sunday, August 3rd. Finally, Truist Financial set a $55.00 target price on Robert Half and gave the stock a "buy" rating in a report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $45.83.

Robert Half Stock Up 0.2%

Shares of NYSE RHI opened at $36.33 on Monday. The business's 50 day moving average is $40.18 and its two-hundred day moving average is $47.50. The company has a market cap of $3.70 billion, a P/E ratio of 20.76 and a beta of 1.02. Robert Half Inc. has a 12 month low of $33.18 and a 12 month high of $78.41.

Robert Half (NYSE:RHI - Get Free Report) last released 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 business had revenue of $1.37 billion for 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%. Robert Half's quarterly revenue was down 7.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.66 earnings per share. Sell-side analysts expect that Robert Half Inc. will post 2.48 earnings per share for the current fiscal year.

Robert Half Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, August 25th will be given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 6.5%. The ex-dividend date is Monday, August 25th. Robert Half's dividend payout ratio is 134.86%.

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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