Dimensional Fund Advisors LP Has $108.83 Million Position in Robert Half Inc. (NYSE:RHI)

Posted by Defense World Staff on Sep 8th, 2023

Dimensional Fund Advisors LP increased its position in shares of Robert Half Inc. (NYSE:RHI – Free Report) by 5.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,350,880 shares of the business services provider’s stock after buying an additional 69,754 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Robert Half were worth $108,830,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC increased its position in shares of Robert Half by 13.9% during the first quarter. Janney Montgomery Scott LLC now owns 238,737 shares of the business services provider’s stock valued at $19,235,000 after purchasing an additional 29,121 shares during the period. Private Advisor Group LLC bought a new position in shares of Robert Half during the 1st quarter worth about $837,000. LPL Financial LLC boosted its position in shares of Robert Half by 5.2% during the 4th quarter. LPL Financial LLC now owns 36,592 shares of the business services provider’s stock valued at $2,702,000 after acquiring an additional 1,820 shares in the last quarter. M&T Bank Corp increased its stake in Robert Half by 41.9% in the first quarter. M&T Bank Corp now owns 7,700 shares of the business services provider’s stock valued at $620,000 after acquiring an additional 2,273 shares during the period. Finally, Cerity Partners LLC raised its position in Robert Half by 5.5% in the first quarter. Cerity Partners LLC now owns 16,582 shares of the business services provider’s stock worth $1,316,000 after purchasing an additional 868 shares in the last quarter. 91.63% of the stock is currently owned by institutional investors.

Robert Half Trading Up 1.4 %

Shares of NYSE RHI opened at $73.27 on Friday. Robert Half Inc. has a 1-year low of $64.65 and a 1-year high of $89.78. The company has a 50-day moving average of $76.60 and a two-hundred day moving average of $74.58. The company has a market cap of $7.85 billion, a PE ratio of 14.54 and a beta of 1.32.

Robert Half (NYSE:RHI – Get Free Report) last posted its quarterly earnings data on Tuesday, July 25th. The business services provider reported $1.00 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.13). Robert Half had a return on equity of 34.51% and a net margin of 7.84%. The company had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter last year, the firm earned $1.60 EPS. The business’s revenue for the quarter was down 12.0% on a year-over-year basis. As a group, equities research analysts forecast that Robert Half Inc. will post 3.72 earnings per share for the current year.

Robert Half Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 2.62%. The ex-dividend date is Thursday, August 24th. Robert Half’s dividend payout ratio (DPR) is presently 38.10%.

Analyst Upgrades and Downgrades

RHI has been the topic of a number of recent research reports. Redburn Partners initiated coverage on Robert Half in a report on Tuesday, June 20th. They set a “neutral” rating and a $76.00 price objective on the stock. Robert W. Baird dropped their price objective on Robert Half from $88.00 to $82.00 in a research note on Wednesday, July 26th. Bank of America reduced their target price on shares of Robert Half from $63.00 to $53.00 in a research note on Thursday, July 27th. William Blair reiterated a “market perform” rating on shares of Robert Half in a research report on Wednesday, July 26th. Finally, Credit Suisse Group reduced their price target on shares of Robert Half from $63.00 to $57.00 in a research report on Wednesday, July 26th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $71.22.

Check Out Our Latest Stock Report on RHI

Insider Buying and Selling

In other Robert Half news, Director Dirk A. Kempthorne sold 2,050 shares of the company’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $74.15, for a total transaction of $152,007.50. Following the transaction, the director now directly owns 12,934 shares in the company, valued at approximately $959,056.10. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, EVP Robert W. Glass sold 14,751 shares of Robert Half stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $75.15, for a total transaction of $1,108,537.65. Following the completion of the sale, the executive vice president now directly owns 209,927 shares of the company’s stock, valued at $15,776,014.05. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Dirk A. Kempthorne sold 2,050 shares of the company’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $74.15, for a total value of $152,007.50. Following the completion of the sale, the director now owns 12,934 shares of the company’s stock, valued at approximately $959,056.10. The disclosure for this sale can be found here. Corporate insiders own 2.70% of the company’s stock.

Robert Half Company Profile

(Free Report)

Robert Half Inc provides talent solutions and business consulting services in North America, South America, Europe, Asia, and Australia. The company operates through three segments: Contract Talent Solutions, Permanent Placement Talent Solutions, and Protiviti. 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.