4,902 Shares in Robert Half Inc. $RHI Purchased by Drucker Wealth 3.0 LLC

Drucker Wealth 3.0 LLC acquired a new position in shares of Robert Half Inc. (NYSE:RHI) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,902 shares of the business services provider’s stock, valued at approximately $210,000.

A number of other large investors have also added to or reduced their stakes in RHI. Jupiter Asset Management Ltd. purchased a new stake in Robert Half during the first quarter worth about $71,175,000. AQR Capital Management LLC increased its holdings in Robert Half by 27.2% during the first quarter. AQR Capital Management LLC now owns 2,134,881 shares of the business services provider’s stock worth $115,348,000 after buying an additional 457,025 shares during the last quarter. Invesco Ltd. increased its holdings in Robert Half by 73.3% during the first quarter. Invesco Ltd. now owns 892,336 shares of the business services provider’s stock worth $48,677,000 after buying an additional 377,305 shares during the last quarter. Fiduciary Management Inc. WI increased its holdings in Robert Half by 14.4% during the first quarter. Fiduciary Management Inc. WI now owns 2,576,782 shares of the business services provider’s stock worth $140,563,000 after buying an additional 325,241 shares during the last quarter. Finally, Pzena Investment Management LLC increased its stake in shares of Robert Half by 29.2% in the first quarter. Pzena Investment Management LLC now owns 1,318,708 shares of the business services provider’s stock worth $71,936,000 after purchasing an additional 298,368 shares in the last quarter. Hedge funds and other institutional investors own 92.41% of the company’s stock.

Robert Half Trading Down 5.7%

RHI stock opened at $31.36 on Friday. The firm has a 50 day moving average of $35.34 and a 200-day moving average of $41.44. Robert Half Inc. has a 12 month low of $31.32 and a 12 month high of $78.41. The firm has a market capitalization of $3.19 billion, a P/E ratio of 17.92 and a beta of 1.02.

Robert Half (NYSE:RHI) last released its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.01. Robert Half had a net margin of 3.20% and a return on equity of 13.00%. The company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same period last year, the business earned $0.66 earnings per share. Robert Half’s revenue was down 7.0% compared to the same quarter last year. Sell-side analysts predict that Robert Half Inc. will post 2.48 EPS for the current year.

Robert Half Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, August 25th were given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date was Monday, August 25th. Robert Half’s dividend payout ratio (DPR) is 134.86%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. reduced their target price on shares of Robert Half from $47.00 to $45.00 and set a “neutral” rating for the company in a research note on Thursday, July 24th. Weiss Ratings reiterated a “sell (d)” rating on shares of Robert Half in a research note on Saturday, September 27th. Wall Street Zen upgraded shares of Robert Half from a “sell” rating to a “hold” rating in a research note on Sunday, August 3rd. Finally, Zacks Research downgraded shares of Robert Half from a “hold” rating to a “strong sell” rating in a research note on Monday, September 22nd. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $45.83.

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.