Fiduciary Management Inc. WI Boosts Stock Position in Robert Half Inc. $RHI

Key Points

• Fiduciary Management Inc. WI increased its stake in Robert Half Inc. by 14.4%, acquiring an additional 325,241 shares, bringing its total ownership to 2,576,782 shares valued at approximately $140.6 million.
• The stock has been rated with an average "Hold" by analysts, with a target price of $45.83, while recent reports show a mix of upgrades and downgrades from various brokerages.
• Robert Half announced a quarterly dividend of $0.59 per share, yielding 6.6%, with the dividend payout ratio currently at 134.86%.

Fiduciary Management Inc. WI increased its holdings in Robert Half Inc. (NYSE:RHI - Free Report) by 14.4% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 2,576,782 shares of the business services provider's stock after acquiring an additional 325,241 shares during the period. Fiduciary Management Inc. WI owned approximately 2.52% of Robert Half worth $140,563,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. grew its position in Robert Half by 5.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 3,618,177 shares of the business services provider's stock worth $197,372,000 after acquiring an additional 184,592 shares during the period. Pzena Investment Management LLC grew its position in Robert Half by 29.2% in the first quarter. Pzena Investment Management LLC now owns 1,318,708 shares of the business services provider's stock worth $71,936,000 after acquiring an additional 298,368 shares during the period. Jupiter Asset Management Ltd. purchased a new position in Robert Half in the first quarter worth approximately $71,175,000. Northern Trust Corp grew its position in 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 acquiring an additional 169,682 shares during the period. Finally, Point72 Asset Management L.P. grew its position in Robert Half by 61.7% in the fourth quarter. Point72 Asset Management L.P. now owns 985,558 shares of the business services provider's stock worth $69,442,000 after acquiring an additional 375,911 shares during the period. 92.41% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

RHI has been the topic of a number of research reports. JPMorgan Chase & Co. decreased their price target on Robert Half from $47.00 to $45.00 and set a "neutral" rating on the stock in a research note on Thursday, July 24th. BNP Paribas Exane cut Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 price target on the stock. in a research note on Friday, May 2nd. Wall Street Zen upgraded Robert Half from a "sell" rating to a "hold" rating in a research note on Sunday, August 3rd. Finally, BNP Paribas cut Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 price target on the stock. in a research note on Friday, May 2nd. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $45.83.

Robert Half Price Performance

Shares of NYSE RHI traded up $1.9150 during mid-day trading on Friday, hitting $37.8750. The company had a trading volume of 2,026,472 shares, compared to its average volume of 1,880,452. 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 1-year low of $33.18 and a 1-year high of $78.41. The business's 50-day simple moving average is $39.44 and its 200 day simple moving average is $46.58.

Robert Half (NYSE:RHI - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $1.37 billion for the quarter, compared to analysts' expectations of $1.35 billion. During the same period last year, the firm earned $0.66 earnings per share. The company's revenue for the quarter was down 7.0% compared to the same quarter last year. On average, analysts expect that Robert Half Inc. will post 2.48 EPS for the current year.

Robert Half Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, August 25th will be given 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 dividend yield of 6.2%. Robert Half's payout ratio is currently 134.86%.

Robert Half 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.