Deprince Race & Zollo Inc. Has $49.78 Million Stock Position in Robert Half Inc. $RHI

Deprince Race & Zollo Inc. reduced its position in shares of Robert Half Inc. (NYSE:RHI) by 19.7% during the 1st quarter, HoldingsChannel.com reports. The firm owned 1,959,962 shares of the business services provider’s stock after selling 480,999 shares during the quarter. Deprince Race & Zollo Inc.’s holdings in Robert Half were worth $49,783,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. AQR Capital Management LLC boosted its position in Robert Half by 24.8% during the third quarter. AQR Capital Management LLC now owns 7,738,454 shares of the business services provider’s stock valued at $262,953,000 after acquiring an additional 1,537,245 shares during the last quarter. Capital Research Global Investors raised its position in shares of Robert Half by 0.3% during the third quarter. Capital Research Global Investors now owns 5,971,698 shares of the business services provider’s stock worth $202,918,000 after purchasing an additional 15,815 shares during the period. Capital World Investors lifted its stake in shares of Robert Half by 36.0% in the fourth quarter. Capital World Investors now owns 5,902,279 shares of the business services provider’s stock valued at $160,306,000 after buying an additional 1,561,146 shares in the last quarter. State Street Corp boosted its position in shares of Robert Half by 2.7% during the second quarter. State Street Corp now owns 4,873,440 shares of the business services provider’s stock valued at $200,055,000 after buying an additional 127,322 shares during the last quarter. Finally, Pzena Investment Management LLC grew its stake in shares of Robert Half by 38.2% in the 4th quarter. Pzena Investment Management LLC now owns 4,394,851 shares of the business services provider’s stock worth $119,364,000 after acquiring an additional 1,214,883 shares in the last quarter. 92.41% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on RHI. William Blair raised Robert Half from a “market perform” rating to an “outperform” rating in a research report on Tuesday, April 21st. Weiss Ratings upgraded Robert Half from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, June 17th. Zacks Research downgraded Robert Half from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 29th. Finally, Barclays dropped their target price on shares of Robert Half from $36.00 to $25.00 and set an “equal weight” rating for the company in a research report on Friday, March 6th. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $31.75.

Robert Half Price Performance

NYSE:RHI opened at $32.91 on Thursday. Robert Half Inc. has a one year low of $21.83 and a one year high of $43.69. The firm has a market capitalization of $3.37 billion, a P/E ratio of 25.32 and a beta of 0.82. The company’s 50-day simple moving average is $28.86 and its 200 day simple moving average is $27.34.

Robert Half (NYSE:RHI) last issued its earnings results on Thursday, April 23rd. The business services provider reported $0.14 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.14. Robert Half had a net margin of 2.43% and a return on equity of 10.14%. The company had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter last year, the company posted $0.17 earnings per share. The firm’s quarterly revenue was down 3.8% on a year-over-year basis. On average, equities research analysts expect that Robert Half Inc. will post 1.29 earnings per share for the current fiscal year.

Robert Half Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 22nd were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 7.2%. The ex-dividend date was Friday, May 22nd. Robert Half’s payout ratio is 181.54%.

About Robert Half

Robert Half International Inc, founded in 1948 by Robert Half, is a global professional staffing and consulting firm headquartered in Menlo Park, California. As a pioneer in specialized staffing, the company has built a reputation for matching skilled professionals with leading organizations across a range of industries. Robert Half’s shares trade on the New York Stock Exchange under the ticker RHI, reflecting its position as one of the longest‐standing and best‐known firms in the staffing sector.

The company offers a comprehensive suite of services, including temporary staffing, permanent placement, and consulting solutions.