New York State Common Retirement Fund grew its position in Robert Half Inc. (NYSE:RHI - Free Report) by 11.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 167,302 shares of the business services provider's stock after acquiring an additional 17,509 shares during the period. New York State Common Retirement Fund owned about 0.16% of Robert Half worth $11,788,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in RHI. Private Trust Co. NA boosted its holdings in 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 purchasing an additional 192 shares in the last quarter. Reston Wealth Management LLC acquired a new stake in shares of Robert Half in the 3rd quarter valued at approximately $34,000. Eastern Bank purchased a new stake in shares of Robert Half in the fourth quarter valued at approximately $35,000. V Square Quantitative Management LLC grew its holdings in Robert Half by 70.6% during the fourth quarter. V Square Quantitative Management LLC now owns 679 shares of the business services provider's stock worth $48,000 after acquiring an additional 281 shares during the period. Finally, Venturi Wealth Management LLC grew its holdings in Robert Half by 310.3% during the third quarter. Venturi Wealth Management LLC now owns 796 shares of the business services provider's stock worth $54,000 after acquiring an additional 602 shares during the period. 92.41% of the stock is currently owned by institutional investors and hedge funds.
Robert Half Price Performance
Robert Half stock traded up $0.54 during mid-day trading on Friday, hitting $58.99. 1,618,710 shares of the company were exchanged, compared to its average volume of 1,283,484. Robert Half Inc. has a 12-month low of $57.05 and a 12-month high of $83.25. The company has a market capitalization of $6.03 billion, a P/E ratio of 24.18 and a beta of 1.23. The business's 50 day simple moving average is $65.97 and its two-hundred day simple moving average is $67.47.
Robert Half (NYSE:RHI - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The business services provider reported $0.53 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%. Equities research analysts predict that Robert Half Inc. will post 2.48 earnings per share for the current year.
Robert Half Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Tuesday, February 25th will be issued a $0.59 dividend. This is a positive change from Robert Half's previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Tuesday, February 25th. This represents a $2.36 annualized dividend and a yield of 4.00%. Robert Half's dividend payout ratio (DPR) is presently 96.72%.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on the stock. Truist Financial raised shares of Robert Half from a "hold" rating to a "buy" rating and upped their price target for the stock from $62.00 to $90.00 in a research note on Friday, December 13th. StockNews.com raised Robert Half from a "hold" rating to a "buy" rating in a research note on Thursday. Barclays upgraded Robert Half from an "underweight" rating to an "equal weight" rating and boosted their target price for the stock from $60.00 to $80.00 in a research report on Friday, January 3rd. JPMorgan Chase & Co. cut their price target on Robert Half from $69.00 to $65.00 and set a "neutral" rating for the company in a research note on Thursday, January 30th. Finally, BNP Paribas upgraded shares of Robert Half from an "underperform" rating to an "outperform" rating and set a $71.50 price objective on the stock in a research report on Monday, February 10th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Robert Half presently has an average rating of "Moderate Buy" and a consensus price target of $74.92.
Check Out Our Latest Stock Analysis 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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