Kiltearn Partners LLP Makes New $9.34 Million Investment in Robert Half Inc. $RHI

Kiltearn Partners LLP purchased a new stake in Robert Half Inc. (NYSE:RHI) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 304,068 shares of the business services provider’s stock, valued at approximately $9,335,000. Robert Half accounts for 2.3% of Kiltearn Partners LLP’s holdings, making the stock its 18th biggest holding.

A number of other hedge funds have also recently made changes to their positions in RHI. Royal Bank of Canada increased its holdings in shares of Robert Half by 19.3% in the first quarter. Royal Bank of Canada now owns 38,352 shares of the business services provider’s stock worth $2,092,000 after purchasing an additional 6,212 shares during the period. Jones Financial Companies Lllp raised its position in shares of Robert Half by 498.7% in the first quarter. Jones Financial Companies Lllp now owns 6,813 shares of the business services provider’s stock worth $372,000 after buying an additional 5,675 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Robert Half by 2.5% during the first quarter. Goldman Sachs Group Inc. now owns 304,359 shares of the business services provider’s stock valued at $16,603,000 after buying an additional 7,523 shares during the period. Empowered Funds LLC boosted its stake in Robert Half by 91.8% during the first quarter. Empowered Funds LLC now owns 55,719 shares of the business services provider’s stock valued at $3,039,000 after buying an additional 26,672 shares during the period. Finally, Sivia Capital Partners LLC boosted its stake in Robert Half by 94.6% during the second quarter. Sivia Capital Partners LLC now owns 8,098 shares of the business services provider’s stock valued at $332,000 after buying an additional 3,937 shares during the period. 92.41% of the stock is currently owned by hedge funds and other institutional investors.

Robert Half Stock Performance

Robert Half stock opened at $44.87 on Friday. Robert Half Inc. has a fifty-two week low of $21.83 and a fifty-two week high of $45.83. The stock has a market cap of $4.59 billion, a P/E ratio of 39.02 and a beta of 0.79. The firm’s fifty day moving average price is $37.17 and its 200-day moving average price is $30.23.

Robert Half (NYSE:RHI) last announced its earnings results on Thursday, July 23rd. The business services provider reported $0.26 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.26. The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.32 billion. Robert Half had a net margin of 2.17% and a return on equity of 9.18%. The firm’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.41 earnings per share. On average, analysts predict that Robert Half Inc. will post 1.27 earnings per share for the current year.

Robert Half Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, August 25th will be paid a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, August 25th. This represents a $2.36 annualized dividend and a yield of 5.3%. Robert Half’s payout ratio is 205.22%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. BMO Capital Markets upgraded Robert Half from a “market perform” rating to an “outperform” rating and set a $47.00 target price on the stock in a research note on Monday, July 27th. Truist Financial raised their price target on Robert Half from $40.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. Weiss Ratings upgraded Robert Half from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday. Robert W. Baird set a $47.00 price objective on Robert Half in a report on Monday, July 27th. Finally, The Goldman Sachs Group upped their price objective on shares of Robert Half from $26.00 to $29.00 and gave the stock a “sell” rating in a research report on Friday, July 24th. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $34.75.

Robert Half Company Profile

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.