Ceredex Value Advisors LLC Acquires 44,700 Shares of Robert Half Inc. $RHI

Key Points

• Ceredex Value Advisors LLC increased its stake in Robert Half Inc. by 34.9% during the first quarter, bringing their total share ownership to 172,650 shares worth approximately $9.4 million.
• Robert Half reported a 7% decrease in quarterly revenue compared to the same period last year, with earnings per share reaching $0.41, just above analyst expectations.
• The company recently declared a $0.59 per share quarterly dividend, resulting in an annualized dividend yield of 6.5% and a payout ratio of 134.86%.

Ceredex Value Advisors LLC boosted its stake in Robert Half Inc. (NYSE:RHI - Free Report) by 34.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 172,650 shares of the business services provider's stock after purchasing an additional 44,700 shares during the period. Ceredex Value Advisors LLC owned about 0.17% of Robert Half worth $9,418,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its stake in shares of Robert Half by 5.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 3,618,177 shares of the business services provider's stock valued at $197,372,000 after acquiring an additional 184,592 shares during the last quarter. Fiduciary Management Inc. WI grew its holdings in Robert Half by 14.4% in the first quarter. Fiduciary Management Inc. WI now owns 2,576,782 shares of the business services provider's stock worth $140,563,000 after purchasing an additional 325,241 shares during the period. Pzena Investment Management LLC grew its holdings 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 purchasing an additional 298,368 shares during the period. Jupiter Asset Management Ltd. bought a new position in shares of Robert Half in the first quarter valued at $71,175,000. Finally, Northern Trust Corp lifted its stake 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 valued at $75,199,000 after buying an additional 169,682 shares in the last quarter. Institutional investors own 92.41% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on RHI shares. BNP Paribas cut shares of Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 price target on the stock. in a report on Friday, May 2nd. BNP Paribas Exane lowered shares of Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 price target on the stock. 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, August 3rd. Finally, JPMorgan Chase & Co. reduced 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 equities 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. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $45.83.

Robert Half Stock Performance

Shares of Robert Half stock traded up $0.84 during trading on Friday, hitting $37.37. The company's stock had a trading volume of 1,875,300 shares, compared to its average volume of 1,851,565. The company has a fifty day simple moving average of $38.98 and a two-hundred day simple moving average of $45.99. The company has a market capitalization of $3.80 billion, a PE ratio of 21.35 and a beta of 1.02. Robert Half Inc. has a 52 week low of $33.18 and a 52 week 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 for the quarter, beating analysts' consensus estimates of $0.40 by $0.01. The business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.35 billion. Robert Half had a net margin of 3.20% and a return on equity of 13.00%. Robert Half's revenue was down 7.0% compared to the same quarter last year. During the same period last year, the business earned $0.66 EPS. As a group, analysts predict that Robert Half Inc. will post 2.48 EPS for the current year.

Robert Half Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, August 25th will be issued a $0.59 dividend. 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 6.3%. Robert Half's dividend payout ratio (DPR) 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.