Seizert Capital Partners LLC Has $36.88 Million Position in Robert Half Inc. (NYSE:RHI)

Seizert Capital Partners LLC grew its stake in shares of Robert Half Inc. (NYSE:RHI) by 20.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 547,084 shares of the business services provider’s stock after acquiring an additional 92,815 shares during the period. Robert Half accounts for 1.7% of Seizert Capital Partners LLC’s holdings, making the stock its 26th biggest position. Seizert Capital Partners LLC’s holdings in Robert Half were worth $36,879,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. UniSuper Management Pty Ltd increased its position in Robert Half by 671.3% in the 1st quarter. UniSuper Management Pty Ltd now owns 12,341 shares of the business services provider’s stock worth $978,000 after purchasing an additional 10,741 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Robert Half by 10.0% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 122,356 shares of the business services provider’s stock valued at $9,700,000 after acquiring an additional 11,124 shares in the last quarter. iA Global Asset Management Inc. lifted its stake in Robert Half by 167.3% in the first quarter. iA Global Asset Management Inc. now owns 21,414 shares of the business services provider’s stock valued at $1,698,000 after acquiring an additional 13,404 shares during the last quarter. Cetera Investment Advisers grew its position in Robert Half by 69.6% in the first quarter. Cetera Investment Advisers now owns 64,729 shares of the business services provider’s stock worth $5,132,000 after acquiring an additional 26,561 shares in the last quarter. Finally, Achmea Investment Management B.V. increased its stake in shares of Robert Half by 9.2% during the 2nd quarter. Achmea Investment Management B.V. now owns 152,251 shares of the business services provider’s stock worth $9,741,000 after purchasing an additional 12,772 shares during the last quarter. 92.41% of the stock is owned by institutional investors and hedge funds.

Robert Half Stock Performance

Robert Half stock opened at $73.42 on Friday. Robert Half Inc. has a 52 week low of $57.05 and a 52 week high of $88.39. The firm has a market capitalization of $7.58 billion, a PE ratio of 26.80 and a beta of 1.23. The business’s 50-day simple moving average is $68.00 and its 200-day simple moving average is $65.72.

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

Robert Half Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, November 25th will be issued a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date is Monday, November 25th. Robert Half’s dividend payout ratio (DPR) is presently 77.37%.

Analysts Set New Price Targets

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

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.