National Bank of Canada FI Sells 34,909 Shares of Robert Half Inc. (NYSE:RHI)

National Bank of Canada FI lowered its holdings in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 93.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,306 shares of the business services provider's stock after selling 34,909 shares during the period. National Bank of Canada FI's holdings in Robert Half were worth $162,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of RHI. Boston Partners increased its position in shares of Robert Half by 17.5% during the 4th quarter. Boston Partners now owns 8,554,276 shares of the business services provider's stock valued at $602,867,000 after purchasing an additional 1,271,237 shares during the period. Mawer Investment Management Ltd. boosted its position in shares of Robert Half by 72.6% during the 4th quarter. Mawer Investment Management Ltd. now owns 8,079,597 shares of the business services provider's stock valued at $569,288,000 after purchasing an additional 3,398,257 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Robert Half by 4.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,433,585 shares of the business services provider's stock worth $241,930,000 after purchasing an additional 148,577 shares during the last quarter. Alliancebernstein L.P. lifted its stake in Robert Half by 0.5% during the fourth quarter. Alliancebernstein L.P. now owns 3,217,999 shares of the business services provider's stock valued at $226,740,000 after purchasing an additional 17,338 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in Robert Half by 8.8% in the fourth quarter. Bank of New York Mellon Corp now owns 1,160,555 shares of the business services provider's stock worth $81,773,000 after buying an additional 94,125 shares during the last quarter. Institutional investors own 92.41% of the company's stock.

Analysts Set New Price Targets

RHI has been the subject of a number of recent analyst reports. StockNews.com lowered Robert Half from a "buy" rating to a "hold" rating in a research report on Tuesday. JPMorgan Chase & Co. dropped their target price on 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 lowered their price objective on shares of Robert Half from $90.00 to $60.00 and set a "buy" rating on the stock in a research report on Tuesday. BNP Paribas raised Robert Half from an "underperform" rating to an "outperform" rating and set a $71.50 price objective for the company in a research report on Monday, February 10th. Finally, Barclays cut their price target on 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. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $64.92.

Robert Half Stock Down 0.4 %

Shares of NYSE:RHI traded down $0.21 during trading on Wednesday, reaching $48.14. The stock had a trading volume of 127,553 shares, compared to its average volume of 1,436,700. The stock has a fifty day simple moving average of $54.75 and a two-hundred day simple moving average of $64.93. Robert Half Inc. has a 52 week low of $44.97 and a 52 week high of $78.41. The firm has a market capitalization of $4.92 billion, a price-to-earnings ratio of 19.71 and a beta of 1.13.

Robert Half (NYSE:RHI - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The business services provider reported $0.53 earnings per share (EPS) 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 positive change 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 4.90%. Robert Half's payout ratio is 96.72%.

About Robert Half

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.