Dynasty Wealth Management LLC purchased a new stake in shares of Robert Half Inc. (NYSE:RHI - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 8,636 shares of the business services provider's stock, valued at approximately $609,000.
Several other hedge funds have also recently added to or reduced their stakes in RHI. Exchange Traded Concepts LLC raised its holdings in shares of Robert Half by 1.4% during the 4th quarter. Exchange Traded Concepts LLC now owns 12,326 shares of the business services provider's stock valued at $868,000 after buying an additional 166 shares in the last quarter. Fifth Third Wealth Advisors LLC grew its position in Robert Half by 5.8% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 3,355 shares of the business services provider's stock valued at $236,000 after acquiring an additional 183 shares during the last quarter. Private Trust Co. NA grew its holdings in shares of Robert Half by 79.7% during the 3rd quarter. Private Trust Co. NA now owns 433 shares of the business services provider's stock valued at $29,000 after purchasing an additional 192 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Robert Half by 0.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 30,716 shares of the business services provider's stock worth $2,164,000 after buying an additional 205 shares during the period. Finally, M&T Bank Corp lifted its stake in shares of Robert Half by 3.7% in the 3rd quarter. M&T Bank Corp now owns 6,419 shares of the business services provider's stock valued at $432,000 after acquiring an additional 227 shares during the last quarter. Institutional investors own 92.41% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on the company. Barclays upgraded Robert Half from an "underweight" rating to an "equal weight" rating and raised their price target for the stock from $60.00 to $80.00 in a research report on Friday, January 3rd. Truist Financial upgraded shares of Robert Half from a "hold" rating to a "buy" rating and upped their price target for the company from $62.00 to $90.00 in a report on Friday, December 13th. StockNews.com raised shares of Robert Half from a "hold" rating to a "buy" rating in a report on Thursday, February 27th. BNP Paribas upgraded shares of Robert Half from an "underperform" rating to an "outperform" rating and set a $71.50 price objective on the stock in a research report on Monday, February 10th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Robert Half from $69.00 to $65.00 and set a "neutral" rating for the company in a report on Thursday, January 30th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $74.92.
View Our Latest Report on RHI
Robert Half Stock Down 1.6 %
Shares of NYSE:RHI traded down $0.87 on Tuesday, hitting $55.51. The company had a trading volume of 1,107,478 shares, compared to its average volume of 1,285,351. The firm's 50-day simple moving average is $65.43 and its two-hundred day simple moving average is $67.53. The firm has a market capitalization of $5.67 billion, a price-to-earnings ratio of 22.74 and a beta of 1.23. Robert Half Inc. has a 1 year low of $55.03 and a 1 year high of $81.86.
Robert Half (NYSE:RHI - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The business services provider reported $0.53 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.01). Robert Half had a return on equity of 17.20% and a net margin of 4.34%. Equities research analysts anticipate that Robert Half Inc. will post 2.48 EPS for the current year.
Robert Half Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Tuesday, February 25th will be issued a $0.59 dividend. This is an increase from Robert Half's previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Tuesday, February 25th. This represents a $2.36 dividend on an annualized basis and a yield of 4.25%. Robert Half's dividend payout ratio is 96.72%.
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 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.
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