219,850 Shares in Robert Half Inc. (NYSE:RHI) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new position in shares of Robert Half Inc. (NYSE:RHI - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 219,850 shares of the business services provider's stock, valued at approximately $15,491,000. Raymond James Financial Inc. owned 0.21% of Robert Half as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in RHI. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Robert Half by 613.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 364 shares of the business services provider's stock worth $25,000 after acquiring an additional 313 shares during the period. Headlands Technologies LLC acquired a new position in Robert Half during the fourth quarter worth approximately $26,000. Signaturefd LLC raised its stake in Robert Half by 121.3% during the fourth quarter. Signaturefd LLC now owns 436 shares of the business services provider's stock worth $31,000 after purchasing an additional 239 shares during the period. Eastern Bank acquired a new position in shares of Robert Half in the 4th quarter valued at $35,000. Finally, V Square Quantitative Management LLC boosted its holdings in shares of Robert Half by 70.6% in the 4th quarter. V Square Quantitative Management LLC now owns 679 shares of the business services provider's stock valued at $48,000 after purchasing an additional 281 shares during the last quarter. Institutional investors and hedge funds own 92.41% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on RHI. Barclays decreased their price objective on shares of Robert Half from $50.00 to $45.00 and set an "equal weight" rating for the company in a research note on Thursday. JPMorgan Chase & Co. reduced their price objective on shares of Robert Half from $65.00 to $47.00 and set a "neutral" rating on the stock in a research note on Thursday. The Goldman Sachs Group cut their target price on shares of Robert Half from $46.00 to $40.00 and set a "sell" rating on the stock in a research note on Thursday. BNP Paribas raised Robert Half from an "underperform" rating to an "outperform" rating and set a $71.50 price objective for the company in a report on Monday, February 10th. Finally, Truist Financial set a $55.00 target price on Robert Half and gave the stock a "buy" rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Robert Half presently has a consensus rating of "Hold" and a consensus target price of $57.36.

Robert Half Stock Performance

Shares of RHI traded down $1.63 during midday trading on Thursday, hitting $44.82. 7,610,500 shares of the stock traded hands, compared to its average volume of 1,486,660. The business's 50 day moving average price is $52.89 and its two-hundred day moving average price is $63.94. The firm has a market capitalization of $4.57 billion, a PE ratio of 18.37 and a beta of 1.13. Robert Half Inc. has a 1-year low of $38.65 and a 1-year high of $78.41.

Robert Half (NYSE:RHI - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $0.17 EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.19). The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.41 billion. Robert Half had a net margin of 4.34% and a return on equity of 17.20%. During the same period last year, the business posted $0.61 earnings per share. As a group, equities research analysts forecast that Robert Half Inc. will post 2.48 EPS for the current fiscal year.

Robert Half Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Tuesday, February 25th were given a dividend of $0.59 per share. This is a positive change from Robert Half's previous quarterly dividend of $0.53. The ex-dividend date was Tuesday, February 25th. This represents a $2.36 annualized dividend and a dividend yield of 5.27%. Robert Half's dividend payout ratio (DPR) is 96.72%.

About Robert Half

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.