OLD Mission Capital LLC Makes New Investment in Robert Half Inc. (NYSE:RHI)

OLD Mission Capital LLC acquired a new stake in shares of Robert Half Inc. (NYSE:RHI - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 39,439 shares of the business services provider's stock, valued at approximately $2,779,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Robert Half by 17.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,770 shares of the business services provider's stock valued at $1,468,000 after buying an additional 3,281 shares in the last quarter. Captrust Financial Advisors grew its position in shares of Robert Half by 139.7% during the third quarter. Captrust Financial Advisors now owns 32,078 shares of the business services provider's stock worth $2,162,000 after purchasing an additional 18,697 shares in the last quarter. Verition Fund Management LLC raised its stake in Robert Half by 73.4% during the 3rd quarter. Verition Fund Management LLC now owns 54,817 shares of the business services provider's stock valued at $3,695,000 after purchasing an additional 23,196 shares during the period. Holocene Advisors LP lifted its holdings in Robert Half by 2.0% in the 3rd quarter. Holocene Advisors LP now owns 139,244 shares of the business services provider's stock worth $9,386,000 after purchasing an additional 2,717 shares in the last quarter. Finally, HighTower Advisors LLC boosted its stake in Robert Half by 11.1% in the 3rd quarter. HighTower Advisors LLC now owns 36,048 shares of the business services provider's stock worth $2,436,000 after purchasing an additional 3,606 shares during the period. 92.41% of the stock is owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

RHI has been the topic of several research analyst reports. StockNews.com downgraded shares of Robert Half from a "buy" rating to a "hold" rating in a report on Friday, March 21st. Barclays raised shares of Robert Half from an "underweight" rating to an "equal weight" rating and increased their price objective for the company from $60.00 to $80.00 in a report on Friday, January 3rd. Truist Financial raised 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 report on Friday, December 13th. JPMorgan Chase & Co. dropped 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 raised Robert Half from an "underperform" rating to an "outperform" rating and set a $71.50 price objective on the stock in a research note on Monday, February 10th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, Robert Half currently has an average rating of "Hold" and an average price target of $74.92.

Robert Half Stock Down 5.1 %

NYSE RHI traded down $2.62 during trading hours on Friday, hitting $48.34. 1,984,448 shares of the company were exchanged, compared to its average volume of 1,427,200. Robert Half Inc. has a 52 week low of $47.37 and a 52 week high of $78.41. The stock has a 50-day moving average price of $57.73 and a 200 day moving average price of $66.03. The stock has a market cap of $4.94 billion, a PE ratio of 19.81 and a beta of 1.22.

Robert Half (NYSE:RHI - Get Free Report) last released its 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 net margin of 4.34% and a return on equity of 17.20%. As a group, sell-side analysts anticipate that Robert Half Inc. will post 2.48 earnings per share for the current year.

Robert Half Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Tuesday, February 25th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 4.88%. The ex-dividend date was Tuesday, February 25th. This is a positive change from Robert Half's previous quarterly dividend of $0.53. Robert Half's dividend payout ratio (DPR) is 96.72%.

Robert Half Profile

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.