Heartland Advisors Inc. Has $14.38 Million Holdings in Robert Half Inc. (NYSE:RHI)

Heartland Advisors Inc. increased its position in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 14.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 204,039 shares of the business services provider's stock after buying an additional 25,647 shares during the period. Heartland Advisors Inc. owned 0.20% of Robert Half worth $14,377,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC raised its holdings in shares of Robert Half by 1.4% in the 4th quarter. Exchange Traded Concepts LLC now owns 12,326 shares of the business services provider's stock valued at $868,000 after purchasing an additional 166 shares during the period. Fifth Third Wealth Advisors LLC increased its position in Robert Half by 5.8% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 3,355 shares of the business services provider's stock worth $236,000 after buying an additional 183 shares during the last quarter. Private Trust Co. NA raised its stake in Robert Half by 79.7% in the third quarter. Private Trust Co. NA now owns 433 shares of the business services provider's stock valued at $29,000 after buying an additional 192 shares during the period. Nisa Investment Advisors LLC lifted its position in shares of Robert Half by 0.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 30,716 shares of the business services provider's stock valued at $2,164,000 after buying an additional 205 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its stake in shares of Robert Half by 39.3% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 780 shares of the business services provider's stock worth $55,000 after acquiring an additional 220 shares during the period. 92.41% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

RHI has been the topic of a number of research analyst reports. BNP Paribas upgraded Robert Half from an "underperform" rating to an "outperform" rating and set a $71.50 price target on the stock in a research note on Monday, February 10th. Barclays upgraded shares of Robert Half from an "underweight" rating to an "equal weight" rating and raised their target price for the stock from $60.00 to $80.00 in a research note on Friday, January 3rd. StockNews.com lowered shares of Robert Half from a "buy" rating to a "hold" rating in a research note on Friday, March 21st. 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 research report on Thursday, January 30th. Finally, Truist Financial raised Robert Half from a "hold" rating to a "buy" rating and upped their target price for the company from $62.00 to $90.00 in a research report on Friday, December 13th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, Robert Half currently has a consensus rating of "Hold" and an average target price of $74.92.

Robert Half Stock Performance

Shares of NYSE RHI traded up $0.70 during midday trading on Monday, reaching $54.58. The company's stock had a trading volume of 1,147,940 shares, compared to its average volume of 1,427,484. The company has a market cap of $5.58 billion, a P/E ratio of 22.37 and a beta of 1.22. The business's 50 day moving average price is $59.55 and its two-hundred day moving average price is $66.41. Robert Half Inc. has a fifty-two week low of $51.55 and a fifty-two week high of $79.27.

Robert Half (NYSE:RHI - Get Free Report) last released 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 net margin of 4.34% and a return on equity of 17.20%. Sell-side analysts forecast that Robert Half Inc. will post 2.48 earnings per share for the current fiscal year.

Robert Half Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Tuesday, February 25th were given a $0.59 dividend. The ex-dividend date was Tuesday, February 25th. This is a boost from Robert Half's previous quarterly dividend of $0.53. This represents a $2.36 annualized dividend and a dividend yield of 4.32%. Robert Half's payout ratio is presently 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.