Robert Half Inc. $RHI Position Increased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans boosted its holdings in shares of Robert Half Inc. (NYSE:RHI) by 38.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 100,226 shares of the business services provider’s stock after buying an additional 27,904 shares during the quarter. Thrivent Financial for Lutherans owned about 0.10% of Robert Half worth $2,723,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Pzena Investment Management LLC boosted its holdings in Robert Half by 33.8% during the third quarter. Pzena Investment Management LLC now owns 3,179,968 shares of the business services provider’s stock valued at $108,055,000 after purchasing an additional 802,691 shares in the last quarter. Deprince Race & Zollo Inc. raised its position in Robert Half by 40.8% in the 4th quarter. Deprince Race & Zollo Inc. now owns 2,440,961 shares of the business services provider’s stock worth $66,297,000 after purchasing an additional 707,078 shares during the last quarter. Frank Rimerman Advisors LLC bought a new position in Robert Half in the 3rd quarter worth approximately $1,860,000. AMG National Trust Bank bought a new stake in shares of Robert Half during the 3rd quarter valued at $1,372,000. Finally, Kiltearn Partners LLP raised its position in shares of Robert Half by 40.6% during the 3rd quarter. Kiltearn Partners LLP now owns 462,400 shares of the business services provider’s stock valued at $15,712,000 after acquiring an additional 133,500 shares during the last quarter. 92.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

RHI has been the subject of several research analyst reports. Robert W. Baird set a $50.00 price target on shares of Robert Half in a report on Friday, January 30th. Weiss Ratings raised shares of Robert Half from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, May 11th. William Blair raised shares of Robert Half from a “market perform” rating to an “outperform” rating in a report on Tuesday, April 21st. BMO Capital Markets decreased their price target on shares of Robert Half from $35.00 to $32.00 and set a “market perform” rating for the company in a report on Tuesday, February 17th. Finally, Zacks Research lowered shares of Robert Half from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 29th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat.com, Robert Half has a consensus rating of “Reduce” and an average price target of $31.75.

Robert Half Trading Down 0.1%

Shares of NYSE RHI opened at $27.29 on Monday. The firm has a market cap of $2.79 billion, a PE ratio of 20.99 and a beta of 0.80. Robert Half Inc. has a 1-year low of $21.83 and a 1-year high of $46.69. The company has a fifty day moving average price of $25.54 and a 200 day moving average price of $26.59.

Robert Half (NYSE:RHI) last announced its earnings results on Thursday, April 23rd. The business services provider reported $0.14 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.14. The firm had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.34 billion. Robert Half had a net margin of 2.43% and a return on equity of 10.14%. The company’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.17 EPS. Equities research analysts forecast that Robert Half Inc. will post 1.29 EPS for the current year.

Robert Half Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 22nd will be paid a $0.59 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $2.36 dividend on an annualized basis and a yield of 8.6%. Robert Half’s dividend payout ratio is presently 181.54%.

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.