WCM Investment Management LLC Increases Stock Holdings in Robert Half Inc. (NYSE:RHI)

WCM Investment Management LLC lifted its holdings in Robert Half Inc. (NYSE:RHI - Free Report) by 345.1% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 18,735 shares of the business services provider's stock after acquiring an additional 14,526 shares during the quarter. WCM Investment Management LLC's holdings in Robert Half were worth $1,262,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in 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 valued at $1,014,410,000 after acquiring an additional 366,978 shares during the period. Boston Partners grew its holdings in Robert Half by 14.7% during the 1st quarter. Boston Partners now owns 3,749,749 shares of the business services provider's stock valued at $296,963,000 after buying an additional 479,384 shares in the last quarter. Pacer Advisors Inc. grew its holdings in 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. AQR Capital Management LLC grew its holdings in Robert Half by 101.0% during 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 buying an additional 786,031 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position 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 valued at $98,687,000 after acquiring an additional 231,129 shares during the last quarter. 92.41% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. lowered their target price on Robert Half from $70.00 to $69.00 and set a "neutral" rating for the company in a research report on Wednesday, October 23rd. BMO Capital Markets decreased their target price on 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 price target on Robert Half from $72.00 to $62.00 and set a "hold" rating on the stock in a research note on Friday, July 26th. Finally, Barclays cut their target price on Robert Half from $70.00 to $60.00 and set an "underweight" rating on the stock in a research note on Friday, July 26th. One equities research 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, Robert Half has an average rating of "Hold" and a consensus price target of $69.00.

Robert Half Stock Up 0.8 %

Shares of Robert Half stock traded up $0.60 on Wednesday, reaching $77.00. The company's stock had a trading volume of 208,867 shares, compared to its average volume of 1,198,972. The company has a market capitalization of $7.95 billion, a P/E ratio of 28.10 and a beta of 1.23. Robert Half Inc. has a 52-week low of $57.05 and a 52-week high of $88.39. The stock has a 50-day moving average price of $67.17 and a 200-day moving average price of $65.57.

Robert Half (NYSE:RHI - Get Free Report) 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. The firm had revenue of $1.47 billion during 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 for the quarter was down 6.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.90 earnings per share. Sell-side analysts forecast that Robert Half Inc. will post 2.45 earnings per share for the current fiscal year.

Robert Half Announces Dividend

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 issued a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date of this dividend is Monday, November 25th. Robert Half's dividend 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.