Mawer Investment Management Ltd. lifted its holdings in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 28.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,681,340 shares of the business services provider's stock after buying an additional 1,049,005 shares during the period. Robert Half accounts for approximately 1.4% of Mawer Investment Management Ltd.'s holdings, making the stock its 22nd biggest position. Mawer Investment Management Ltd. owned 4.53% of Robert Half worth $315,569,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Thrivent Financial for Lutherans lifted its holdings in shares of Robert Half by 27,895.0% in the 2nd quarter. Thrivent Financial for Lutherans now owns 1,244,939 shares of the business services provider's stock worth $79,652,000 after purchasing an additional 1,240,492 shares during the last quarter. AQR Capital Management LLC lifted its stake in Robert Half by 101.0% in the second quarter. AQR Capital Management LLC now owns 1,564,247 shares of the business services provider's stock valued at $99,439,000 after buying an additional 786,031 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in Robert Half by 900.6% in the first quarter. Jacobs Levy Equity Management Inc. now owns 834,447 shares of the business services provider's stock valued at $66,155,000 after buying an additional 751,049 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Robert Half by 54.7% during the second quarter. Pacer Advisors Inc. now owns 1,628,919 shares of the business services provider's stock valued at $104,218,000 after acquiring an additional 575,879 shares during the period. Finally, Miller Howard Investments Inc. NY acquired a new stake in shares of Robert Half in the 2nd quarter worth about $35,357,000. Institutional investors and hedge funds own 92.41% of the company's stock.
Analyst Ratings Changes
Several research analysts have commented on RHI shares. JPMorgan Chase & Co. decreased their target price on shares of Robert Half from $70.00 to $69.00 and set a "neutral" rating for the company in a research report on Wednesday, October 23rd. Truist Financial dropped 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 decreased 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 report on Thursday, July 25th. Finally, Barclays dropped their target price on Robert Half from $70.00 to $60.00 and set an "underweight" rating on the stock in a report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Robert Half currently has a consensus rating of "Hold" and a consensus target price of $69.00.
Read Our Latest Research Report on RHI
Robert Half Trading Down 0.1 %
Shares of NYSE RHI traded down $0.07 during midday trading on Monday, reaching $73.35. The company's stock had a trading volume of 835,399 shares, compared to its average volume of 1,393,588. Robert Half Inc. has a one year low of $57.05 and a one year high of $88.39. The company has a market cap of $7.57 billion, a price-to-earnings ratio of 26.77 and a beta of 1.23. The company has a 50 day moving average price of $68.00 and a 200 day moving average price of $65.69.
Robert Half (NYSE:RHI - Get Free Report) last posted its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $0.64 earnings per share (EPS) for the quarter, beating 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 return on equity of 18.78% and a net margin of 4.84%. The firm's revenue was down 6.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.90 earnings per share. Research analysts anticipate that Robert Half Inc. will post 2.45 earnings per share for the current fiscal year.
Robert Half Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, November 25th will be issued a dividend of $0.53 per share. The ex-dividend date is Monday, November 25th. This represents a $2.12 annualized dividend and a yield of 2.89%. Robert Half's payout ratio is presently 77.37%.
Robert Half Company Profile
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Free Report)
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.
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