Robert Half Inc. $RHI Stake Boosted by Arnhold LLC

Key Points

• Arnhold LLC boosted its stake in Robert Half Inc. by 82.4% during the second quarter, acquiring a total of 85,491 shares valued at approximately $3.51 million.
• Other investors, including Allianz Asset Management and Pzena Investment Management, also increased their holdings, indicating a trend of institutional investment, with 92.41% of the stock currently owned by institutional investors.
• Robert Half declared a quarterly dividend of $0.59, resulting in a 7.5% dividend yield, with a payout ratio of 134.86% as of the recent announcement.

Arnhold LLC increased its position in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 82.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 85,491 shares of the business services provider's stock after purchasing an additional 38,625 shares during the quarter. Arnhold LLC owned 0.08% of Robert Half worth $3,509,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Allianz Asset Management GmbH lifted its stake in Robert Half by 53.1% in the second quarter. Allianz Asset Management GmbH now owns 361,906 shares of the business services provider's stock valued at $14,856,000 after buying an additional 125,591 shares during the last quarter. Yousif Capital Management LLC lifted its stake in Robert Half by 1.1% in the second quarter. Yousif Capital Management LLC now owns 40,723 shares of the business services provider's stock valued at $1,672,000 after buying an additional 427 shares during the last quarter. Pzena Investment Management LLC lifted its stake in Robert Half by 80.3% in the second quarter. Pzena Investment Management LLC now owns 2,377,277 shares of the business services provider's stock valued at $97,587,000 after buying an additional 1,058,569 shares during the last quarter. CWM LLC lifted its stake in Robert Half by 132.2% in the second quarter. CWM LLC now owns 131,709 shares of the business services provider's stock valued at $5,407,000 after buying an additional 74,987 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its stake in Robert Half by 6.5% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 14,202 shares of the business services provider's stock valued at $583,000 after buying an additional 873 shares during the last quarter. 92.41% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on RHI shares. Weiss Ratings restated a "sell (d+)" rating on shares of Robert Half in a research note on Tuesday. Wall Street Zen upgraded shares of Robert Half from a "sell" rating to a "hold" rating in a research note on Sunday, August 3rd. Truist Financial cut their price objective on shares of Robert Half from $55.00 to $50.00 and set a "buy" rating on the stock in a research note on Monday. JPMorgan Chase & Co. cut their price objective on shares of Robert Half from $47.00 to $45.00 and set a "neutral" rating on the stock in a research note on Thursday, July 24th. Finally, Zacks Research cut shares of Robert Half from a "hold" rating to a "strong sell" rating in a research note on Monday, September 22nd. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Reduce" and an average price target of $45.00.

Robert Half Trading Down 2.2%

Shares of RHI opened at $31.33 on Friday. The business's 50-day moving average price is $35.07 and its 200 day moving average price is $40.76. The stock has a market capitalization of $3.19 billion, a P/E ratio of 17.90 and a beta of 1.02. Robert Half Inc. has a 1-year low of $30.84 and a 1-year high of $78.41.

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

Robert Half Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, August 25th were paid a $0.59 dividend. The ex-dividend date of this dividend was Monday, August 25th. This represents a $2.36 annualized dividend and a dividend yield of 7.5%. Robert Half's payout ratio is presently 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.

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