MSH Capital Advisors LLC bought a new position in Robert Half Inc. (NYSE:RHI - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 12,664 shares of the business services provider's stock, valued at approximately $892,000.
A number of other hedge funds have also bought and sold shares of the business. Exchange Traded Concepts LLC lifted its holdings in shares of Robert Half by 1.4% during the 4th quarter. Exchange Traded Concepts LLC now owns 12,326 shares of the business services provider's stock worth $868,000 after acquiring an additional 166 shares during the last quarter. Fifth Third Wealth Advisors LLC raised 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 valued at $236,000 after purchasing an additional 183 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in Robert Half by 0.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 30,716 shares of the business services provider's stock worth $2,164,000 after purchasing an additional 205 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings in shares of Robert Half by 11.3% in the 4th quarter. Quadrant Capital Group LLC now owns 2,155 shares of the business services provider's stock worth $152,000 after purchasing an additional 218 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its position 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 valued at $55,000 after purchasing an additional 220 shares during the last quarter. 92.41% of the stock is currently owned by hedge funds and other institutional investors.
Robert Half Stock Performance
Shares of NYSE RHI traded down $2.57 during midday trading on Friday, hitting $45.40. 2,995,106 shares of the company's stock traded hands, compared to its average volume of 1,448,735. The firm has a fifty day moving average of $54.25 and a 200 day moving average of $64.66. Robert Half Inc. has a 1 year low of $44.97 and a 1 year high of $78.41. The stock has a market capitalization of $4.63 billion, a price-to-earnings ratio of 18.61 and a beta of 1.13.
Robert Half (NYSE:RHI - Get Free Report) last released its quarterly 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 return on equity of 17.20% and a net margin of 4.34%. On average, equities analysts anticipate that Robert Half Inc. will post 2.48 earnings per share for the current year.
Robert Half Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Tuesday, February 25th were paid a dividend of $0.59 per share. The ex-dividend date was Tuesday, February 25th. This is an increase 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 payout ratio is 96.72%.
Wall Street Analyst Weigh In
Several equities analysts recently commented on the stock. JPMorgan Chase & Co. reduced their target price on shares of Robert Half from $69.00 to $65.00 and set a "neutral" rating on the stock in a report on Thursday, January 30th. Truist Financial dropped 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. Barclays cut their price objective on Robert Half from $80.00 to $50.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 10th. StockNews.com cut shares of Robert Half from a "buy" rating to a "hold" rating in a report on Tuesday. Finally, 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. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $64.92.
View Our Latest Research Report on RHI
Robert Half Company Profile
(
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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