Robert Half Inc. (NYSE:RHI) Shares Purchased by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale grew its stake in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 17.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 97,624 shares of the business services provider's stock after acquiring an additional 14,733 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.09% of Robert Half worth $6,537,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Mawer Investment Management Ltd. lifted its stake in shares of Robert Half by 105.4% in the 1st quarter. Mawer Investment Management Ltd. now owns 3,655,626 shares of the business services provider's stock worth $289,818,000 after purchasing an additional 1,875,476 shares during the period. Thrivent Financial for Lutherans raised its holdings in 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 period. AQR Capital Management LLC lifted its position in Robert Half by 101.0% during 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 purchasing an additional 786,031 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in Robert Half by 900.6% during 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 purchasing an additional 751,049 shares during the period. Finally, Pacer Advisors Inc. lifted its position in shares of Robert Half by 54.7% during 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 buying an additional 575,879 shares in the last quarter. Institutional investors own 92.41% of the company's stock.

Robert Half Trading Down 0.8 %

RHI traded down $0.54 on Friday, reaching $67.57. The stock had a trading volume of 916,016 shares, compared to its average volume of 1,412,082. The business's 50-day moving average price is $65.55 and its two-hundred day moving average price is $65.49. Robert Half Inc. has a 12-month low of $57.05 and a 12-month high of $88.39. The company has a market cap of $7.03 billion, a P/E ratio of 25.11 and a beta of 1.23.

Robert Half (NYSE:RHI - Get Free Report) last announced its earnings results 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 business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.44 billion. Robert Half had a return on equity of 18.78% and a net margin of 4.84%. The business's quarterly revenue was down 6.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.90 EPS. As a group, analysts predict that Robert Half Inc. will post 2.46 earnings per share for the current year.

Robert Half Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, November 25th will be paid a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 3.14%. The ex-dividend date is Monday, November 25th. Robert Half's dividend payout ratio is currently 77.37%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on RHI. BMO Capital Markets reduced their price objective 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. Barclays reduced their target price on shares of Robert Half from $70.00 to $60.00 and set an "underweight" rating on the stock in a research note on Friday, July 26th. JPMorgan Chase & Co. cut their target price on Robert Half from $70.00 to $69.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 23rd. Truist Financial decreased their target price on Robert Half from $72.00 to $62.00 and set a "hold" rating for the company in a research report on Friday, July 26th. Finally, StockNews.com downgraded shares of Robert Half from a "buy" rating to a "hold" rating in a research note on Friday, July 5th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $67.71.

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.