Ontario Teachers Pension Plan Board Has $694,000 Stock Holdings in Robert Half Inc. (NYSE:RHI)

Ontario Teachers Pension Plan Board lessened its stake in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 64.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 9,845 shares of the business services provider's stock after selling 17,593 shares during the period. Ontario Teachers Pension Plan Board's holdings in Robert Half were worth $694,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Robert Half by 613.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 364 shares of the business services provider's stock worth $25,000 after purchasing an additional 313 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of Robert Half in the 4th quarter valued at approximately $26,000. Signaturefd LLC boosted its stake in Robert Half by 121.3% in the 4th quarter. Signaturefd LLC now owns 436 shares of the business services provider's stock worth $31,000 after purchasing an additional 239 shares during the period. Eastern Bank purchased a new stake in shares of Robert Half in the fourth quarter valued at $35,000. Finally, V Square Quantitative Management LLC raised its position 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 valued at $48,000 after buying an additional 281 shares during the period. 92.41% of the stock is owned by institutional investors.

Robert Half Trading Up 1.0 %

RHI traded up $0.47 on Tuesday, hitting $45.60. 280,530 shares of the stock traded hands, compared to its average volume of 1,443,680. The business has a fifty day moving average price of $53.71 and a two-hundred day moving average price of $64.34. Robert Half Inc. has a 52 week low of $44.31 and a 52 week high of $78.41. The firm has a market capitalization of $4.65 billion, a PE ratio of 18.69 and a beta of 1.13.

Robert Half (NYSE:RHI - Get Free Report) last posted 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 return on equity of 17.20% and a net margin of 4.34%. On average, equities research analysts forecast that Robert Half Inc. will post 2.48 EPS for the current fiscal 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 is a positive change from Robert Half's previous quarterly dividend of $0.53. The ex-dividend date was Tuesday, February 25th. This represents a $2.36 annualized dividend and a dividend yield of 5.18%. Robert Half's dividend payout ratio is presently 96.72%.

Analyst Ratings Changes

A number of analysts have recently issued reports on RHI shares. BNP Paribas raised shares of Robert Half from an "underperform" rating to an "outperform" rating and set a $71.50 price target for the company in a research report on Monday, February 10th. JPMorgan Chase & Co. reduced their price objective on Robert Half from $69.00 to $65.00 and set a "neutral" rating for the company in a research report on Thursday, January 30th. Barclays reduced their target price on shares of 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. Truist Financial decreased their price objective on shares of Robert Half from $90.00 to $60.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Finally, StockNews.com cut Robert Half from a "buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Robert Half presently has a consensus rating of "Hold" and a consensus target price of $64.92.

Robert Half Company 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.