American Century Companies Inc. Increases Holdings in Robert Half Inc. (NYSE:RHI)

American Century Companies Inc. boosted its holdings in Robert Half Inc. (NYSE:RHI - Free Report) by 6.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 197,696 shares of the business services provider's stock after purchasing an additional 11,854 shares during the period. American Century Companies Inc. owned about 0.19% of Robert Half worth $13,930,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Signaturefd LLC grew its position in Robert Half by 121.3% during the fourth quarter. Signaturefd LLC now owns 436 shares of the business services provider's stock valued at $31,000 after buying an additional 239 shares during the period. Eastern Bank bought a new position in shares of Robert Half during the 4th quarter valued at approximately $35,000. V Square Quantitative Management LLC increased its stake in shares of Robert Half by 70.6% during the 4th quarter. V Square Quantitative Management LLC now owns 679 shares of the business services provider's stock worth $48,000 after purchasing an additional 281 shares during the last quarter. Friedenthal Financial bought a new stake in shares of Robert Half in the 4th quarter worth approximately $56,000. Finally, Smartleaf Asset Management LLC lifted its stake in Robert Half by 48.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 794 shares of the business services provider's stock valued at $56,000 after purchasing an additional 258 shares during the last quarter. 92.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on the company. BNP Paribas raised Robert Half from an "underperform" rating to an "outperform" rating and set a $71.50 target price for the company in a research report on Monday, February 10th. JPMorgan Chase & Co. dropped their price objective on shares of Robert Half from $69.00 to $65.00 and set a "neutral" rating on the stock in a report on Thursday, January 30th. Barclays upgraded shares of Robert Half from an "underweight" rating to an "equal weight" rating and lifted their target price for the stock from $60.00 to $80.00 in a research note 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 research note on Friday, December 13th. Finally, StockNews.com lowered shares of Robert Half from a "buy" rating to a "hold" rating in a research note on Friday, March 21st. 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, Robert Half has a consensus rating of "Hold" and a consensus target price of $74.92.

Robert Half Stock Performance

NYSE RHI traded down $2.62 on Friday, hitting $48.34. The stock had a trading volume of 1,984,448 shares, compared to its average volume of 1,427,200. The firm has a 50-day moving average of $57.73 and a 200-day moving average of $66.06. The company has a market capitalization of $4.94 billion, a price-to-earnings ratio of 19.81 and a beta of 1.22. Robert Half Inc. has a 52-week low of $47.37 and a 52-week high of $78.41.

Robert Half (NYSE:RHI - Get Free Report) last posted its quarterly earnings data 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, research analysts anticipate that Robert Half Inc. will post 2.48 earnings per share for the current fiscal year.

Robert Half Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Tuesday, February 25th were given a dividend of $0.59 per share. The ex-dividend date was Tuesday, February 25th. This is a positive change from Robert Half's previous quarterly dividend of $0.53. This represents a $2.36 annualized dividend and a yield of 4.88%. Robert Half's payout ratio is presently 96.72%.

Robert Half 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.