Alpine Woods Capital Investors LLC purchased a new stake in Robert Half Inc. (NYSE:RHI - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 8,500 shares of the business services provider's stock, valued at approximately $599,000.
A number of other institutional investors have also recently made changes to their positions in the business. Mawer Investment Management Ltd. raised 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 worth $315,569,000 after purchasing an additional 1,049,005 shares during the period. Point72 Asset Management L.P. purchased a new stake in Robert Half in the 3rd quarter worth about $41,096,000. Janus Henderson Group PLC raised its position in Robert Half by 828.9% in the 3rd quarter. Janus Henderson Group PLC now owns 463,570 shares of the business services provider's stock worth $31,249,000 after purchasing an additional 413,664 shares during the period. Pzena Investment Management LLC raised its position in Robert Half by 41.9% in the 3rd quarter. Pzena Investment Management LLC now owns 1,027,683 shares of the business services provider's stock worth $69,276,000 after purchasing an additional 303,421 shares during the period. Finally, Jacobs Levy Equity Management Inc. raised its position in 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 worth $90,534,000 after purchasing an additional 225,210 shares during the period. Institutional investors own 92.41% of the company's stock.
Robert Half Stock Up 1.1 %
RHI stock traded up $0.58 during trading on Tuesday, hitting $54.09. 1,208,358 shares of the company's stock traded hands, compared to its average volume of 1,330,788. The firm has a market capitalization of $5.53 billion, a P/E ratio of 22.17 and a beta of 1.22. The business has a fifty day simple moving average of $62.47 and a two-hundred day simple moving average of $67.00. Robert Half Inc. has a 1 year low of $51.55 and a 1 year high of $81.85.
Robert Half (NYSE:RHI - Get Free Report) last announced its earnings results on Wednesday, January 29th. The business services provider reported $0.53 earnings per share 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%. On average, equities research analysts predict that Robert Half Inc. will post 2.48 EPS for the current fiscal year.
Robert Half Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Tuesday, February 25th were paid a dividend of $0.59 per share. This is an increase from Robert Half's previous quarterly dividend of $0.53. This represents a $2.36 annualized dividend and a dividend yield of 4.36%. The ex-dividend date of this dividend was Tuesday, February 25th. Robert Half's payout ratio is presently 96.72%.
Analyst Ratings Changes
A number of research firms recently weighed in on RHI. Truist Financial raised shares of Robert Half from a "hold" rating to a "buy" rating and increased their price objective for the stock from $62.00 to $90.00 in a research report on Friday, December 13th. StockNews.com lowered shares of Robert Half from a "buy" rating to a "hold" rating in a research report on Wednesday, March 12th. 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 target price on shares of Robert Half from $69.00 to $65.00 and set a "neutral" rating on the stock in a research report on Thursday, January 30th. Finally, Barclays raised shares of Robert Half from an "underweight" rating to an "equal weight" rating and raised their target price for the stock from $60.00 to $80.00 in a research report on Friday, January 3rd. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $74.92.
Check Out Our Latest Stock Report on Robert Half
Robert Half 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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