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

American Century Companies Inc. raised its stake in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 6.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & 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 0.19% of Robert Half worth $13,930,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Signaturefd LLC boosted its position in shares of Robert Half by 121.3% during the 4th quarter. Signaturefd LLC now owns 436 shares of the business services provider's stock valued at $31,000 after acquiring an additional 239 shares in the last quarter. Eastern Bank bought a new position in Robert Half in the fourth quarter valued at about $35,000. V Square Quantitative Management LLC grew its position 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 buying an additional 281 shares during the period. Friedenthal Financial bought a new stake in shares of Robert Half during the 4th quarter valued at $56,000. Finally, Smartleaf Asset Management LLC increased 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 in the last quarter. 92.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently issued reports on RHI shares. StockNews.com downgraded Robert Half from a "buy" rating to a "hold" rating in a research report on Friday, March 21st. BNP Paribas upgraded Robert Half from an "underperform" rating to an "outperform" rating and set a $71.50 target price on the stock in a research note on Monday, February 10th. JPMorgan Chase & Co. cut their price objective 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. 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. Finally, Truist Financial raised Robert Half from a "hold" rating to a "buy" rating and raised their target price for the company from $62.00 to $90.00 in a report on Friday, December 13th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $74.92.

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Robert Half Price Performance

Shares of NYSE RHI traded down $3.70 during trading on Thursday, reaching $51.01. 1,198,652 shares of the stock traded hands, compared to its average volume of 1,421,190. The stock has a market capitalization of $5.21 billion, a P/E ratio of 20.90 and a beta of 1.22. Robert Half Inc. has a 52-week low of $50.76 and a 52-week high of $78.41. The company has a 50-day moving average of $58.17 and a 200-day moving average of $66.13.

Robert Half (NYSE:RHI - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The business services provider reported $0.53 earnings per share 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%. Analysts expect that Robert Half Inc. will post 2.48 earnings per share for the current fiscal year.

Robert Half Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Tuesday, February 25th were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 4.63%. The ex-dividend date was Tuesday, February 25th. This is an increase from Robert Half's previous quarterly dividend of $0.53. Robert Half's dividend payout ratio (DPR) is 96.72%.

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.