Bank Julius Baer & Co. Ltd Zurich Buys 6,802 Shares of Robert Half Inc. (NYSE:RHI)

Bank Julius Baer & Co. Ltd Zurich increased its position in Robert Half Inc. (NYSE:RHI - Free Report) by 8.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 86,038 shares of the business services provider's stock after purchasing an additional 6,802 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich owned approximately 0.08% of Robert Half worth $6,690,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mawer Investment Management Ltd. grew its position in shares of Robert Half by 28.9% during 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 buying an additional 1,049,005 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Robert Half by 4.5% during the 4th 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 in the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Robert Half by 20.1% during 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 in the last quarter. Bank of New York Mellon Corp lifted 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 valued at $81,773,000 after purchasing an additional 94,125 shares in the last quarter. Finally, Pzena Investment Management LLC lifted its holdings in shares of Robert Half by 41.9% during the 3rd quarter. Pzena Investment Management LLC now owns 1,027,683 shares of the business services provider's stock valued at $69,276,000 after purchasing an additional 303,421 shares in the last quarter. 92.41% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

RHI has been the topic of several recent analyst reports. Truist Financial upgraded Robert Half from a "hold" rating to a "buy" rating and lifted their price objective for the company from $62.00 to $90.00 in a report on Friday, December 13th. JPMorgan Chase & Co. cut 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. Barclays upgraded Robert Half from an "underweight" rating to an "equal weight" rating and lifted their price objective for the company from $60.00 to $80.00 in a report on Friday, January 3rd. StockNews.com upgraded Robert Half from a "hold" rating to a "buy" rating in a research note on Thursday, February 27th. Finally, 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. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $74.92.

Robert Half Trading Down 2.0 %

Shares of NYSE:RHI traded down $1.07 during trading on Wednesday, hitting $53.08. 1,485,977 shares of the company were exchanged, compared to its average volume of 1,381,046. The stock has a market cap of $5.42 billion, a price-to-earnings ratio of 21.75 and a beta of 1.22. Robert Half Inc. has a fifty-two week low of $52.55 and a fifty-two week high of $81.85. The firm has a fifty day moving average price of $63.48 and a two-hundred day moving average price of $67.23.

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 for the quarter, missing analysts' consensus estimates of $0.54 by ($0.01). Robert Half had a return on equity of 17.20% and a net margin of 4.34%. As a group, research analysts predict that Robert Half Inc. will post 2.48 EPS for the current year.

Robert Half Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Tuesday, February 25th will be issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 4.45%. This is a positive change from Robert Half's previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Tuesday, February 25th. Robert Half's dividend payout ratio is currently 96.72%.

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.