River Road Asset Management LLC Has $5.29 Million Holdings in Robert Half Inc. (NYSE:RHI)

River Road Asset Management LLC increased its stake in Robert Half Inc. (NYSE:RHI) by 19.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 78,398 shares of the business services provider’s stock after purchasing an additional 13,016 shares during the period. River Road Asset Management LLC owned approximately 0.07% of Robert Half worth $5,285,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fidelis Capital Partners LLC bought a new stake in Robert Half during the 1st quarter worth about $26,000. Blue Trust Inc. lifted its position in Robert Half by 489.4% during the 2nd quarter. Blue Trust Inc. now owns 389 shares of the business services provider’s stock worth $25,000 after buying an additional 323 shares in the last quarter. V Square Quantitative Management LLC bought a new stake in Robert Half during the 3rd quarter worth about $27,000. Reston Wealth Management LLC bought a new stake in Robert Half during the 3rd quarter worth about $34,000. Finally, Versant Capital Management Inc bought a new stake in Robert Half during the 2nd quarter worth about $35,000. 92.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

RHI has been the topic of several analyst reports. Barclays cut their price target on shares of Robert Half from $70.00 to $60.00 and set an “underweight” rating on the stock in a research report on Friday, July 26th. Truist Financial cut their price target 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. BMO Capital Markets cut their price target on shares of Robert Half from $72.00 to $64.00 and set a “market perform” rating on the stock in a research report on Thursday, July 25th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Robert Half from $70.00 to $69.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $67.71.

Robert Half Stock Performance

Shares of RHI opened at $69.01 on Wednesday. Robert Half Inc. has a 52 week low of $57.05 and a 52 week high of $88.39. The firm has a market cap of $7.13 billion, a P/E ratio of 25.19 and a beta of 1.23. The firm’s 50-day simple moving average is $65.82 and its 200 day simple moving average is $65.39.

Robert Half (NYSE:RHI) last announced its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02. Robert Half had a net margin of 4.84% and a return on equity of 18.78%. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the prior year, the business earned $0.90 EPS. Robert Half’s quarterly revenue was down 6.3% on a year-over-year basis. As a group, equities analysts forecast that Robert Half Inc. will post 2.46 earnings per share for the current year.

Robert Half Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, November 25th will be given a dividend of $0.53 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.07%. Robert Half’s payout ratio is presently 77.37%.

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.