Robert Half Inc. (NYSE:RHI) Shares Purchased by Alliancebernstein L.P.

Alliancebernstein L.P. increased its position in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 0.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,217,999 shares of the business services provider's stock after purchasing an additional 17,338 shares during the period. Alliancebernstein L.P. owned 3.12% of Robert Half worth $226,740,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Boston Partners increased its holdings in shares of Robert Half by 17.5% during the 4th quarter. Boston Partners now owns 8,554,276 shares of the business services provider's stock worth $602,867,000 after buying an additional 1,271,237 shares during the last quarter. Mawer Investment Management Ltd. increased its stake in Robert Half by 72.6% during the fourth quarter. Mawer Investment Management Ltd. now owns 8,079,597 shares of the business services provider's stock worth $569,288,000 after acquiring an additional 3,398,257 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Robert Half by 4.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,433,585 shares of the business services provider's stock valued at $241,930,000 after purchasing an additional 148,577 shares during the period. Jacobs Levy Equity Management Inc. lifted its stake in shares of Robert Half by 20.1% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,343,030 shares of the business services provider's stock valued at $90,534,000 after purchasing an additional 225,210 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Robert Half by 8.8% during the 4th quarter. Bank of New York Mellon Corp now owns 1,160,555 shares of the business services provider's stock worth $81,773,000 after purchasing an additional 94,125 shares during the period. 92.41% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Robert Half Stock Down 6.8 %

Robert Half stock traded down $3.70 during mid-day trading on Thursday, reaching $51.01. 1,198,652 shares of the company's stock were exchanged, compared to its average volume of 1,419,749. The company has a fifty day moving average of $58.55 and a 200-day moving average of $66.24. The company has a market cap of $5.21 billion, a P/E ratio of 20.90 and a beta of 1.22. Robert Half Inc. has a twelve month low of $50.76 and a twelve month high of $78.41.

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

Robert Half Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Tuesday, February 25th were paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 4.63%. This is a positive change from Robert Half's previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Tuesday, February 25th. Robert Half's dividend payout ratio is presently 96.72%.

Analysts Set New Price Targets

Several analysts recently issued reports on RHI shares. Truist Financial upgraded shares of Robert Half from a "hold" rating to a "buy" rating and boosted their price objective for the company from $62.00 to $90.00 in a report on Friday, December 13th. BNP Paribas raised shares of Robert Half from an "underperform" rating to an "outperform" rating and set a $71.50 price target on the stock in a research note on Monday, February 10th. StockNews.com cut shares of Robert Half from a "buy" rating to a "hold" rating in a research report on Friday, March 21st. Barclays raised Robert Half from an "underweight" rating to an "equal weight" rating and boosted their target price for the company from $60.00 to $80.00 in a research report on Friday, January 3rd. Finally, JPMorgan Chase & Co. lowered their price target on Robert Half from $69.00 to $65.00 and set a "neutral" rating for the company in a research report on Thursday, January 30th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $74.92.

Robert Half Company Profile

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.