Natixis Advisors LLC boosted its stake in Robert Half Inc. (NYSE:RHI - Free Report) by 18.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 44,759 shares of the business services provider's stock after purchasing an additional 6,873 shares during the quarter. Natixis Advisors LLC's holdings in Robert Half were worth $3,154,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Private Trust Co. NA raised its position in shares of Robert Half by 79.7% in the 3rd 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 in the last quarter. Eastern Bank bought a new stake in Robert Half during the fourth quarter worth $35,000. V Square Quantitative Management LLC boosted its holdings in shares of Robert Half by 70.6% in the 4th quarter. V Square Quantitative Management LLC now owns 679 shares of the business services provider's stock valued at $48,000 after purchasing an additional 281 shares in the last quarter. Brooklyn Investment Group bought a new position in shares of Robert Half in the 3rd quarter valued at $56,000. Finally, Friedenthal Financial acquired a new position in shares of Robert Half during the 4th quarter worth $56,000. Institutional investors own 92.41% of the company's stock.
Robert Half Price Performance
NYSE RHI traded up $0.53 on Wednesday, reaching $53.96. The company had a trading volume of 1,139,928 shares, compared to its average volume of 1,453,665. The firm has a market cap of $5.51 billion, a price-to-earnings ratio of 22.11 and a beta of 1.22. Robert Half Inc. has a fifty-two week low of $51.55 and a fifty-two week high of $79.77. The business has a 50 day moving average of $60.53 and a two-hundred day moving average of $66.60.
Robert Half (NYSE:RHI - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The business services provider reported $0.53 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.54 by ($0.01). Robert Half had a return on equity of 17.20% and a net margin of 4.34%. As a group, research analysts predict that Robert Half Inc. will post 2.48 earnings per share for the current fiscal year.
Robert Half Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Tuesday, February 25th were given 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 annualized dividend and a dividend yield of 4.37%. Robert Half's dividend payout ratio is 96.72%.
Wall Street Analysts Forecast Growth
RHI has been the topic of several research analyst reports. Barclays raised Robert Half from an "underweight" rating to an "equal weight" rating and raised their price objective for the company from $60.00 to $80.00 in a research note on Friday, January 3rd. StockNews.com lowered shares of Robert Half from a "buy" rating to a "hold" rating in a report on Friday, March 21st. 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 research report on Monday, February 10th. Truist Financial upgraded shares of Robert Half from a "hold" rating to a "buy" rating and raised their target price for the company from $62.00 to $90.00 in a research report on Friday, December 13th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Robert Half from $69.00 to $65.00 and set a "neutral" rating for the company in a report on Thursday, January 30th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $74.92.
Read Our Latest Report on Robert Half
Robert Half 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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