New Age Alpha Advisors LLC Acquires Shares of 5,005 Robert Half Inc. (NYSE:RHI)

New Age Alpha Advisors LLC bought a new position in shares of Robert Half Inc. (NYSE:RHI - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 5,005 shares of the business services provider's stock, valued at approximately $353,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC lifted its holdings in shares of Robert Half by 1.4% during the fourth quarter. Exchange Traded Concepts LLC now owns 12,326 shares of the business services provider's stock worth $868,000 after purchasing an additional 166 shares during the period. Fifth Third Wealth Advisors LLC lifted its holdings in Robert Half by 5.8% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 3,355 shares of the business services provider's stock worth $236,000 after buying an additional 183 shares during the period. Nisa Investment Advisors LLC grew its position in shares of Robert Half by 0.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 30,716 shares of the business services provider's stock valued at $2,164,000 after buying an additional 205 shares during the last quarter. M&T Bank Corp increased its stake in shares of Robert Half by 3.7% in the third quarter. M&T Bank Corp now owns 6,419 shares of the business services provider's stock valued at $432,000 after buying an additional 227 shares during the period. Finally, Signaturefd LLC raised its position in shares of Robert Half by 121.3% during the fourth quarter. Signaturefd LLC now owns 436 shares of the business services provider's stock worth $31,000 after acquiring an additional 239 shares during the last quarter. 92.41% of the stock is owned by institutional investors.

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Robert Half Trading Down 6.8 %

NYSE RHI traded down $3.70 on Thursday, hitting $51.01. 1,198,652 shares of the company were exchanged, compared to its average volume of 1,421,190. The company has a market cap of $5.21 billion, a PE ratio of 20.90 and a beta of 1.22. The stock has a fifty day moving average of $58.17 and a 200-day moving average of $66.13. Robert Half Inc. has a 12 month low of $50.76 and a 12 month high of $78.41.

Robert Half (NYSE:RHI - Get Free Report) last released 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%. On average, analysts expect that Robert Half Inc. will post 2.48 earnings per share for the current year.

Robert Half Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Tuesday, February 25th were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 4.63%. The ex-dividend date was Tuesday, February 25th. This is a boost from Robert Half's previous quarterly dividend of $0.53. Robert Half's dividend payout ratio (DPR) is 96.72%.

Analysts Set New Price Targets

Several brokerages recently commented on RHI. BNP Paribas upgraded Robert Half from an "underperform" rating to an "outperform" rating and set a $71.50 target price on the stock in a report on Monday, February 10th. StockNews.com lowered shares of Robert Half from a "buy" rating to a "hold" rating in a research note on Friday, March 21st. Truist Financial raised shares of Robert Half from a "hold" rating to a "buy" rating and lifted their target price for the stock from $62.00 to $90.00 in a research note on Friday, December 13th. JPMorgan Chase & Co. dropped 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. Finally, Barclays upgraded Robert Half from an "underweight" rating to an "equal weight" rating and increased their price target for the stock from $60.00 to $80.00 in a report on Friday, January 3rd. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $74.92.

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.