Robert Half Inc. $RHI Shares Bought 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 raised its stake in Robert Half Inc. (NYSE:RHI - Free Report) by 22.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 98,837 shares of the business services provider's stock after buying an additional 18,302 shares during the quarter. Brandywine Global Investment Management LLC owned about 0.10% of Robert Half worth $5,392,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Manchester Capital Management LLC boosted its stake in shares of Robert Half by 45.0% in the first quarter. Manchester Capital Management LLC now owns 825 shares of the business services provider's stock valued at $45,000 after purchasing an additional 256 shares during the period. Riverwater Partners LLC boosted its stake in shares of Robert Half by 10.0% in the first quarter. Riverwater Partners LLC now owns 5,007 shares of the business services provider's stock valued at $273,000 after purchasing an additional 457 shares during the period. Trust Point Inc. boosted its stake in shares of Robert Half by 8.2% in the first quarter. Trust Point Inc. now owns 6,488 shares of the business services provider's stock valued at $354,000 after purchasing an additional 494 shares during the period. GeoWealth Management LLC purchased a new position in shares of Robert Half in the fourth quarter valued at approximately $35,000. Finally, Wedbush Securities Inc. boosted its stake in shares of Robert Half by 15.9% in the first quarter. Wedbush Securities Inc. now owns 3,682 shares of the business services provider's stock valued at $201,000 after purchasing an additional 504 shares during the period. Institutional investors and hedge funds own 92.41% of the company's stock.

Robert Half Trading Up 5.3%

NYSE:RHI traded up $1.9150 during mid-day trading on Friday, hitting $37.8750. The stock had a trading volume of 2,026,472 shares, compared to its average volume of 1,872,713. The stock has a 50-day simple moving average of $39.44 and a two-hundred day simple moving average of $46.68. The company has a market capitalization of $3.85 billion, a PE ratio of 21.64 and a beta of 1.02. Robert Half Inc. has a twelve month low of $33.18 and a twelve month high of $78.41.

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

Robert Half Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, August 25th will be issued a dividend of $0.59 per share. The ex-dividend date of this dividend is Monday, August 25th. This represents a $2.36 dividend on an annualized basis and a yield of 6.2%. Robert Half's dividend payout ratio (DPR) is presently 134.86%.

Analyst Ratings Changes

RHI has been the subject of several recent research reports. BNP Paribas Exane lowered shares of Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 price objective for the company. in a research note on Friday, May 2nd. BNP Paribas lowered shares of Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 price objective for the company. in a research note on Friday, May 2nd. Wall Street Zen raised shares of Robert Half from a "sell" rating to a "hold" rating in a research note on Sunday, August 3rd. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Robert Half from $47.00 to $45.00 and set a "neutral" rating for the company in a research note on Thursday, July 24th. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Robert Half presently has a consensus rating of "Hold" and a consensus target price of $45.83.

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.