24,900 Shares in Robert Half Inc. (NYSE:RHI) Purchased by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS purchased a new stake in shares of Robert Half Inc. (NYSE:RHI - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 24,900 shares of the business services provider's stock, valued at approximately $1,754,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in RHI. Private Trust Co. NA lifted its position in shares of Robert Half by 79.7% during the 3rd quarter. Private Trust Co. NA now owns 433 shares of the business services provider's stock worth $29,000 after buying an additional 192 shares in the last quarter. Signaturefd LLC grew its stake in Robert Half by 121.3% in the 4th quarter. Signaturefd LLC now owns 436 shares of the business services provider's stock valued at $31,000 after purchasing an additional 239 shares during the period. Eastern Bank bought a new stake in shares of Robert Half during the 4th quarter worth $35,000. V Square Quantitative Management LLC raised 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 period. Finally, Friedenthal Financial purchased a new position in shares of Robert Half in the 4th quarter worth about $56,000. 92.41% of the stock is currently owned by hedge funds and other institutional investors.

Robert Half Price Performance

Shares of NYSE:RHI traded up $0.09 during trading on Monday, hitting $53.97. 351,147 shares of the company were exchanged, compared to its average volume of 1,416,687. Robert Half Inc. has a 52-week low of $51.55 and a 52-week high of $79.27. The stock has a 50 day moving average of $59.55 and a 200 day moving average of $66.41. The company has a market cap of $5.52 billion, a PE ratio of 22.09 and a beta of 1.22.

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Robert Half (NYSE:RHI - Get Free Report) last issued its earnings results on Wednesday, January 29th. The business services provider reported $0.53 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.01). Robert Half had a return on equity of 17.20% and a net margin of 4.34%. Sell-side analysts forecast that Robert Half Inc. will post 2.48 EPS for the current fiscal 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 issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 4.37%. 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. Robert Half's dividend payout ratio is 96.72%.

Wall Street Analyst Weigh In

RHI has been the subject of a number of research analyst reports. BNP Paribas upgraded shares of Robert Half from an "underperform" rating to an "outperform" rating and set a $71.50 price objective for the company in a report on Monday, February 10th. Truist Financial upgraded shares of Robert Half from a "hold" rating to a "buy" rating and raised their price target for the stock from $62.00 to $90.00 in a research note on Friday, December 13th. Barclays upgraded Robert Half from an "underweight" rating to an "equal weight" rating and upped their price objective for the company from $60.00 to $80.00 in a research note on Friday, January 3rd. JPMorgan Chase & Co. decreased their target price 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. Finally, StockNews.com cut Robert Half from a "buy" rating to a "hold" rating in a research report on Friday, March 21st. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $74.92.

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.