Kiltearn Partners LLP lowered its holdings in Robert Half Inc. (NYSE:RHI - Free Report) by 8.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 308,500 shares of the business services provider's stock after selling 29,900 shares during the quarter. Robert Half comprises approximately 3.6% of Kiltearn Partners LLP's investment portfolio, making the stock its 11th largest holding. Kiltearn Partners LLP owned about 0.30% of Robert Half worth $21,737,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Robert Half by 613.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 364 shares of the business services provider's stock valued at $25,000 after buying an additional 313 shares during the last quarter. Private Trust Co. NA grew its position in Robert Half by 79.7% during 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. Signaturefd LLC raised its position 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 acquiring an additional 239 shares during the period. Eastern Bank purchased a new position in Robert Half in the fourth quarter valued at about $35,000. Finally, V Square Quantitative Management LLC increased its stake 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 purchasing an additional 281 shares during the last quarter. Institutional investors and hedge funds own 92.41% of the company's stock.
Robert Half Price Performance
Shares of NYSE:RHI traded up $0.63 on Monday, hitting $54.51. The company's stock had a trading volume of 478,622 shares, compared to its average volume of 1,425,888. The company has a market capitalization of $5.57 billion, a PE ratio of 22.34 and a beta of 1.22. The company has a 50-day simple moving average of $59.55 and a 200 day simple moving average of $66.41. Robert Half Inc. has a 1 year low of $51.55 and a 1 year high of $79.27.
Robert Half (NYSE:RHI - Get Free Report) last announced 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%. On average, equities research analysts expect that Robert Half Inc. will post 2.48 earnings per share for the current fiscal year.
Robert Half Increases Dividend
The business 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 of this dividend was Tuesday, February 25th. This is a positive change from Robert Half's previous quarterly dividend of $0.53. This represents a $2.36 annualized dividend and a yield of 4.33%. Robert Half's payout ratio is 96.72%.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on the company. StockNews.com lowered Robert Half from a "buy" rating to a "hold" rating in a report on Friday, March 21st. BNP Paribas upgraded Robert Half from an "underperform" rating to an "outperform" rating and set a $71.50 price target for the company in a research note on Monday, February 10th. Barclays upgraded shares of Robert Half from an "underweight" rating to an "equal weight" rating and upped their price target for the company from $60.00 to $80.00 in a research note on Friday, January 3rd. Truist Financial raised Robert Half from a "hold" rating to a "buy" rating and increased their price objective for the stock from $62.00 to $90.00 in a report on Friday, December 13th. Finally, JPMorgan Chase & Co. reduced their target price on Robert Half from $69.00 to $65.00 and set a "neutral" rating for the company in a report on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Robert Half presently has a consensus rating of "Hold" and a consensus target price of $74.92.
Read Our Latest Report on RHI
About Robert Half
(
Free Report)
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.
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