Alberta Investment Management Corp Purchases Shares of 16,080 Robert Half Inc. (NYSE:RHI)

Alberta Investment Management Corp bought 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 disclosure with the Securities & Exchange Commission. The institutional investor bought 16,080 shares of the business services provider's stock, valued at approximately $1,133,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of RHI. Mawer Investment Management Ltd. grew its position in Robert Half by 28.9% in the 3rd quarter. Mawer Investment Management Ltd. now owns 4,681,340 shares of the business services provider's stock valued at $315,569,000 after acquiring an additional 1,049,005 shares during the last quarter. FORA Capital LLC bought a new position in shares of Robert Half in the third quarter worth about $1,792,000. Van ECK Associates Corp increased its stake in Robert Half by 24.1% in the 4th quarter. Van ECK Associates Corp now owns 85,878 shares of the business services provider's stock worth $6,051,000 after buying an additional 16,668 shares during the period. SG Americas Securities LLC lifted its holdings in Robert Half by 347.9% during the 4th quarter. SG Americas Securities LLC now owns 16,586 shares of the business services provider's stock valued at $1,169,000 after buying an additional 12,883 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Robert Half by 20.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 270,467 shares of the business services provider's stock valued at $18,232,000 after buying an additional 46,100 shares during the period. 92.41% of the stock is currently owned by hedge funds and other institutional investors.

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Robert Half Trading Up 0.4 %

Shares of NYSE:RHI traded up $0.24 on Tuesday, reaching $60.14. The company had a trading volume of 262,376 shares, compared to its average volume of 1,235,785. The firm has a market capitalization of $6.15 billion, a PE ratio of 24.64 and a beta of 1.23. Robert Half Inc. has a 52-week low of $57.05 and a 52-week high of $83.25. The firm's 50 day simple moving average is $66.74 and its 200-day simple moving average is $67.60.

Robert Half (NYSE:RHI - Get Free Report) last posted its earnings results on Wednesday, January 29th. The business services provider reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.01). Robert Half had a net margin of 4.34% and a return on equity of 17.20%. As a group, equities research analysts predict that Robert Half Inc. will post 2.48 earnings per share for the current year.

Robert Half Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Tuesday, February 25th will be given a dividend of $0.59 per share. This is a boost from Robert Half's previous quarterly dividend of $0.53. The ex-dividend date is Tuesday, February 25th. This represents a $2.36 dividend on an annualized basis and a yield of 3.92%. Robert Half's dividend payout ratio is presently 96.72%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on RHI. BNP Paribas raised shares of Robert Half from an "underperform" rating to an "outperform" rating and set a $71.50 target price on the stock in a research report on Monday, February 10th. JPMorgan Chase & Co. reduced their price objective on Robert Half from $69.00 to $65.00 and set a "neutral" rating on the stock in a report on Thursday, January 30th. Truist Financial upgraded Robert Half from a "hold" rating to a "buy" rating and upped their target price for the stock from $62.00 to $90.00 in a report on Friday, December 13th. Finally, Barclays upgraded Robert Half from an "underweight" rating to an "equal weight" rating and raised their price target for the company from $60.00 to $80.00 in a research note on Friday, January 3rd. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $74.92.

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.