Seizert Capital Partners LLC Purchases 17,632 Shares of Robert Half Inc. (NYSE:RHI)

Key Points

• Seizert Capital Partners LLC has increased its stake in Robert Half Inc. by 3.0%, acquiring an additional 17,632 shares, bringing its total ownership to 605,312 shares valued at $33 million.
• Robert Half recently reported quarterly earnings of $0.41 EPS, surpassing analysts' expectations, although its revenue decreased by 7.0% compared to the previous year.
• The company announced a quarterly dividend of $0.59 per share, representing an annualized yield of 6.15%, despite a high payout ratio of 134.86%.

Seizert Capital Partners LLC raised its stake in Robert Half Inc. (NYSE:RHI - Free Report) by 3.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 605,312 shares of the business services provider's stock after acquiring an additional 17,632 shares during the quarter. Seizert Capital Partners LLC owned approximately 0.59% of Robert Half worth $33,020,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. American Century Companies Inc. lifted its position in Robert Half by 6.4% during the fourth quarter. American Century Companies Inc. now owns 197,696 shares of the business services provider's stock worth $13,930,000 after buying an additional 11,854 shares during the period. LPL Financial LLC lifted its position in Robert Half by 12.8% during the fourth quarter. LPL Financial LLC now owns 35,554 shares of the business services provider's stock valued at $2,505,000 after buying an additional 4,021 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Robert Half by 613.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 364 shares of the business services provider's stock worth $25,000 after buying an additional 313 shares during the period. JPMorgan Chase & Co. increased its position in shares of Robert Half by 19.7% in the fourth quarter. JPMorgan Chase & Co. now owns 323,655 shares of the business services provider's stock worth $22,805,000 after acquiring an additional 53,188 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Robert Half in the 4th quarter valued at $60,257,000. 92.41% of the stock is currently owned by hedge funds and other institutional investors.

Robert Half Price Performance

Shares of RHI traded down $0.94 during mid-day trading on Wednesday, hitting $37.45. The company's stock had a trading volume of 2,541,913 shares, compared to its average volume of 2,080,913. The stock has a market capitalization of $3.83 billion, a price-to-earnings ratio of 21.40 and a beta of 1.00. Robert Half Inc. has a fifty-two week low of $36.96 and a fifty-two week high of $78.41. The firm has a 50-day moving average price of $42.73 and a 200 day moving average price of $50.74.

Robert Half (NYSE:RHI - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The business services provider reported $0.41 earnings per share (EPS) 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 company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same period in the previous year, the firm earned $0.66 earnings per share. Robert Half's revenue for the quarter was down 7.0% compared to the same quarter last year. As a group, equities analysts anticipate that Robert Half Inc. will post 2.48 EPS for the current fiscal year.

Robert Half Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 23rd were paid a dividend of $0.59 per share. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $2.36 annualized dividend and a dividend yield of 6.30%. Robert Half's dividend payout ratio (DPR) is presently 134.86%.

Analyst Ratings Changes

A number of research firms recently weighed in on RHI. BNP Paribas lowered shares of 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. Truist Financial set a $55.00 target price on Robert Half and gave the company a "buy" rating in a research note on Thursday, April 24th. Barclays cut 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. Wall Street Zen lowered shares of Robert Half from a "hold" rating to a "sell" rating in a report on Saturday. Finally, JPMorgan Chase & Co. dropped their price target on Robert Half from $47.00 to $45.00 and set a "neutral" rating on the stock in a research report on Thursday, July 24th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Robert Half currently has an average rating of "Hold" and a consensus target price of $45.83.

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.