Seizert Capital Partners LLC Acquires 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 position in Robert Half Inc. (NYSE:RHI - Free Report) by 3.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 605,312 shares of the business services provider's stock after buying an additional 17,632 shares during the period. Seizert Capital Partners LLC owned 0.59% of Robert Half worth $33,020,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Robert Half by 613.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 364 shares of the business services provider's stock worth $25,000 after purchasing an additional 313 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of Robert Half in the 4th quarter worth $26,000. CX Institutional bought a new position in shares of Robert Half in the 1st quarter worth $33,000. GeoWealth Management LLC bought a new position in shares of Robert Half in the 4th quarter worth $35,000. Finally, Orion Capital Management LLC bought a new position in shares of Robert Half in the 4th quarter worth $41,000. Hedge funds and other institutional investors own 92.41% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on RHI shares. 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 report on Friday, May 2nd. JPMorgan Chase & Co. decreased their price target on shares of Robert Half from $47.00 to $45.00 and set a "neutral" rating on the stock in a report on Thursday, July 24th. Truist Financial set a $55.00 price objective on shares of Robert Half and gave the company a "buy" rating in a research note on Thursday, April 24th. The Goldman Sachs Group decreased their target price on shares of Robert Half from $46.00 to $40.00 and set a "sell" rating on the stock in a research report on Thursday, April 24th. Finally, Barclays cut their price target on shares of Robert Half from $50.00 to $45.00 and set an "equal weight" rating for the company in a research report on Thursday, April 24th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $45.83.

Robert Half Stock Performance

NYSE:RHI traded down $1.57 during midday trading on Friday, reaching $35.34. 2,084,125 shares of the stock traded hands, compared to its average volume of 2,133,082. The company has a fifty day moving average of $42.19 and a 200 day moving average of $50.22. Robert Half Inc. has a 12 month low of $35.22 and a 12 month high of $78.41. The stock has a market capitalization of $3.61 billion, a P/E ratio of 20.19 and a beta of 1.02.

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

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.