Robert Half Inc. (NYSE:RHI) Shares Bought by Fiduciary Management Inc. WI

Fiduciary Management Inc. WI increased its stake in Robert Half Inc. (NYSE:RHI - Free Report) by 15.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,251,541 shares of the business services provider's stock after buying an additional 300,524 shares during the quarter. Robert Half comprises approximately 1.5% of Fiduciary Management Inc. WI's holdings, making the stock its 25th largest holding. Fiduciary Management Inc. WI owned approximately 2.18% of Robert Half worth $158,644,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of RHI. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Robert Half by 613.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 364 shares of the business services provider's stock worth $25,000 after buying an additional 313 shares during the period. Headlands Technologies LLC purchased a new stake in shares of Robert Half in the fourth quarter valued at approximately $26,000. Signaturefd LLC grew its stake in Robert Half by 121.3% in the fourth quarter. Signaturefd LLC now owns 436 shares of the business services provider's stock worth $31,000 after purchasing an additional 239 shares in the last quarter. Eastern Bank bought a new stake in Robert Half during the 4th quarter valued at $35,000. Finally, GeoWealth Management LLC bought a new position in shares of Robert Half during the 4th quarter worth $35,000. 92.41% of the stock is owned by hedge funds and other institutional investors.

Robert Half Stock Down 4.5 %

Shares of Robert Half stock traded down $2.08 during midday trading on Thursday, hitting $44.37. The company had a trading volume of 4,411,251 shares, compared to its average volume of 1,514,948. The stock has a market cap of $4.53 billion, a price-to-earnings ratio of 18.18 and a beta of 1.13. Robert Half Inc. has a 12-month low of $40.00 and a 12-month high of $78.41. The company has a fifty day simple moving average of $53.47 and a 200 day simple moving average of $64.21.

Robert Half (NYSE:RHI - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $0.17 earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by ($0.19). Robert Half had a net margin of 4.34% and a return on equity of 17.20%. The company had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.41 billion. During the same period last year, the firm earned $0.61 earnings per share. As a group, analysts expect that Robert Half Inc. will post 2.48 EPS for the current year.

Robert Half Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Tuesday, February 25th were given a $0.59 dividend. The ex-dividend date was Tuesday, February 25th. This represents a $2.36 dividend on an annualized basis and a yield of 5.32%. This is a positive change from Robert Half's previous quarterly dividend of $0.53. Robert Half's dividend payout ratio is currently 96.72%.

Wall Street Analyst Weigh In

RHI has been the subject of several recent research reports. JPMorgan Chase & Co. reduced their price target on shares of Robert Half from $65.00 to $47.00 and set a "neutral" rating for the company in a report on Thursday. Barclays reduced their price target on Robert Half from $80.00 to $50.00 and set an "equal weight" rating for the company in a research report on Thursday, April 10th. 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. Truist Financial set a $55.00 price target on shares of Robert Half and gave the company a "buy" rating in a report on Thursday. Finally, StockNews.com cut shares of Robert Half from a "buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, Robert Half currently has a consensus rating of "Hold" and a consensus price target of $61.08.

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.