Robert Half Inc. (NYSE:RHI) Shares Bought by Ceredex Value Advisors LLC

Ceredex Value Advisors LLC boosted its stake in Robert Half Inc. (NYSE:RHI - Free Report) by 52.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 127,950 shares of the business services provider's stock after acquiring an additional 43,950 shares during the period. Ceredex Value Advisors LLC owned 0.12% of Robert Half worth $9,015,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in RHI. Van ECK Associates Corp lifted its position in shares of Robert Half by 24.1% during the fourth quarter. Van ECK Associates Corp now owns 85,878 shares of the business services provider's stock worth $6,051,000 after purchasing an additional 16,668 shares during the last quarter. SG Americas Securities LLC lifted its holdings in Robert Half by 347.9% during the 4th quarter. SG Americas Securities LLC now owns 16,586 shares of the business services provider's stock worth $1,169,000 after buying an additional 12,883 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Robert Half by 48.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 794 shares of the business services provider's stock valued at $56,000 after acquiring an additional 258 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Robert Half by 20.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 270,467 shares of the business services provider's stock valued at $18,232,000 after acquiring an additional 46,100 shares in the last quarter. Finally, Tributary Capital Management LLC boosted its holdings in Robert Half by 46.3% in the fourth quarter. Tributary Capital Management LLC now owns 13,575 shares of the business services provider's stock worth $956,000 after purchasing an additional 4,299 shares during the period. 92.41% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on RHI. Barclays reduced their price target on shares of Robert Half from $80.00 to $50.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 10th. 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 report on Monday, February 10th. JPMorgan Chase & Co. reduced their price objective 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. Truist Financial reduced their price target on shares of Robert Half from $90.00 to $60.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Finally, StockNews.com downgraded shares of Robert Half from a "buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Four 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 has an average rating of "Hold" and a consensus price target of $64.92.

Robert Half Stock Performance

Shares of RHI stock traded up $0.49 during midday trading on Tuesday, reaching $45.62. 451,915 shares of the company were exchanged, compared to its average volume of 1,450,424. The company's 50 day moving average price is $53.71 and its two-hundred day moving average price is $64.34. The company has a market cap of $4.65 billion, a P/E ratio of 18.68 and a beta of 1.13. Robert Half Inc. has a 12 month low of $44.31 and a 12 month high of $78.41.

Robert Half (NYSE:RHI - Get Free Report) last issued its quarterly earnings results 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, sell-side analysts predict that Robert Half Inc. will post 2.48 earnings per share for the current year.

Robert Half Increases Dividend

The firm also recently disclosed 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 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. This represents a $2.36 annualized dividend and a dividend yield of 5.17%. Robert Half's dividend payout ratio (DPR) is 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.