Legal & General Group Plc trimmed its holdings in Robert Half Inc. (NYSE:RHI - Free Report) by 7.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 351,967 shares of the business services provider's stock after selling 29,537 shares during the quarter. Legal & General Group Plc owned 0.34% of Robert Half worth $24,800,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Robert Half by 613.7% in the fourth 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 last quarter. Headlands Technologies LLC acquired a new position in Robert Half in the fourth quarter valued at approximately $26,000. Signaturefd LLC boosted its position in Robert Half by 121.3% in the 4th 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 purchased a new stake in Robert Half in the 4th quarter worth approximately $35,000. Finally, V Square Quantitative Management LLC grew 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. 92.41% of the stock is owned by institutional investors and hedge funds.
Robert Half Stock Performance
Shares of RHI stock traded down $2.57 during trading hours on Friday, reaching $45.40. The company had a trading volume of 2,995,106 shares, compared to its average volume of 1,448,316. Robert Half Inc. has a 12-month low of $44.97 and a 12-month high of $78.41. The company has a market capitalization of $4.63 billion, a price-to-earnings ratio of 18.61 and a beta of 1.13. The stock has a fifty day moving average of $54.25 and a 200-day moving average of $64.66.
Robert Half (NYSE:RHI - Get Free Report) last posted its earnings results on Wednesday, January 29th. The business services provider reported $0.53 earnings per share 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%. On average, analysts forecast that Robert Half Inc. will post 2.48 EPS for the current year.
Robert Half Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Tuesday, February 25th were issued a dividend of $0.59 per share. 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 dividend on an annualized basis and a dividend yield of 5.20%. Robert Half's dividend payout ratio is currently 96.72%.
Analysts Set New Price Targets
RHI has been the subject of several analyst reports. Barclays decreased their target price on shares of Robert Half from $80.00 to $50.00 and set an "equal weight" rating for the company in a research note on Thursday, April 10th. StockNews.com lowered shares of Robert Half from a "buy" rating to a "hold" rating in a research note on Tuesday. Truist Financial cut their price target on Robert Half from $90.00 to $60.00 and set a "buy" rating for the company in a research note on Tuesday. 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 report on Monday, February 10th. Finally, JPMorgan Chase & Co. dropped their price objective on Robert Half from $69.00 to $65.00 and set a "neutral" rating on the stock in a report on Thursday, January 30th. 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.com, the company presently has a consensus rating of "Hold" and a consensus target price of $64.92.
View Our Latest Analysis 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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