Royce & Associates LP Has $788,000 Holdings in Robert Half Inc. (NYSE:RHI)

Royce & Associates LP increased its position in shares of Robert Half Inc. (NYSE:RHI) by 142.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,685 shares of the business services provider’s stock after purchasing an additional 6,863 shares during the quarter. Royce & Associates LP’s holdings in Robert Half were worth $788,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of RHI. Vanguard Group Inc. boosted its position in shares of Robert Half by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 12,795,282 shares of the business services provider’s stock worth $1,014,410,000 after acquiring an additional 366,978 shares in the last quarter. Boston Partners lifted its stake in Robert Half by 14.7% during the first quarter. Boston Partners now owns 3,749,749 shares of the business services provider’s stock worth $296,963,000 after purchasing an additional 479,384 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Robert Half by 54.7% in the 2nd quarter. Pacer Advisors Inc. now owns 1,628,919 shares of the business services provider’s stock valued at $104,218,000 after purchasing an additional 575,879 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Robert Half by 101.0% in the 2nd quarter. AQR Capital Management LLC now owns 1,564,247 shares of the business services provider’s stock valued at $99,439,000 after purchasing an additional 786,031 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Robert Half by 17.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,542,502 shares of the business services provider’s stock worth $98,687,000 after buying an additional 231,129 shares in the last quarter. 92.41% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on RHI. Barclays decreased their target price on Robert Half from $70.00 to $60.00 and set an “underweight” rating on the stock in a research report on Friday, July 26th. BMO Capital Markets lowered their price objective on shares of Robert Half from $72.00 to $64.00 and set a “market perform” rating for the company in a research report on Thursday, July 25th. Truist Financial cut their target price on shares of Robert Half from $72.00 to $62.00 and set a “hold” rating on the stock in a research report on Friday, July 26th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Robert Half from $70.00 to $69.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Robert Half currently has an average rating of “Hold” and an average target price of $69.00.

Robert Half Price Performance

RHI opened at $72.61 on Thursday. Robert Half Inc. has a fifty-two week low of $57.05 and a fifty-two week high of $88.39. The company’s 50 day moving average price is $68.62 and its two-hundred day moving average price is $65.77. The firm has a market capitalization of $7.50 billion, a price-to-earnings ratio of 26.50 and a beta of 1.23.

Robert Half (NYSE:RHI) last issued its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.02. The company had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.44 billion. Robert Half had a net margin of 4.84% and a return on equity of 18.78%. Robert Half’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.90 earnings per share. As a group, equities research analysts predict that Robert Half Inc. will post 2.45 EPS for the current year.

Robert Half Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, November 25th will be given a dividend of $0.53 per share. The ex-dividend date is Monday, November 25th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.92%. Robert Half’s dividend payout ratio (DPR) is 77.37%.

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.