Pzena Investment Management LLC Cuts Stock Position in Robert Half Inc. (NYSE:RHI)

Pzena Investment Management LLC lowered its stake in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 0.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,020,340 shares of the business services provider's stock after selling 7,343 shares during the period. Pzena Investment Management LLC owned approximately 0.99% of Robert Half worth $71,893,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Exchange Traded Concepts LLC raised its holdings in shares of Robert Half by 1.4% in the 4th quarter. Exchange Traded Concepts LLC now owns 12,326 shares of the business services provider's stock worth $868,000 after acquiring an additional 166 shares during the last quarter. Fifth Third Wealth Advisors LLC raised its position in shares of Robert Half by 5.8% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 3,355 shares of the business services provider's stock valued at $236,000 after purchasing an additional 183 shares during the period. Private Trust Co. NA lifted its position in shares of Robert Half by 79.7% during the third quarter. Private Trust Co. NA now owns 433 shares of the business services provider's stock worth $29,000 after acquiring an additional 192 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in Robert Half by 0.7% during 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 in the last quarter. Finally, M&T Bank Corp increased its holdings in Robert Half by 3.7% during the 3rd quarter. M&T Bank Corp now owns 6,419 shares of the business services provider's stock worth $432,000 after acquiring an additional 227 shares during the period. Institutional investors and hedge funds own 92.41% of the company's stock.

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Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. StockNews.com upgraded Robert Half from a "hold" rating to a "buy" rating in a research report on Thursday, February 27th. Barclays upgraded 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 research report on Friday, January 3rd. BNP Paribas upgraded 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. Truist Financial upgraded shares of Robert Half from a "hold" rating to a "buy" rating and increased their price target for the company from $62.00 to $90.00 in a research report on Friday, December 13th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Robert Half from $69.00 to $65.00 and set a "neutral" rating on the stock in a research note on Thursday, January 30th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $74.92.

Robert Half Stock Performance

NYSE:RHI traded down $0.53 during midday trading on Wednesday, reaching $53.62. 652,943 shares of the stock traded hands, compared to its average volume of 1,362,397. The stock has a market capitalization of $5.48 billion, a P/E ratio of 21.95 and a beta of 1.22. The company has a fifty day moving average of $63.48 and a 200 day moving average of $67.23. Robert Half Inc. has a 12 month low of $52.55 and a 12 month high of $81.85.

Robert Half (NYSE:RHI - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The business services provider reported $0.53 EPS 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%. On average, analysts predict that Robert Half Inc. will post 2.48 EPS for the current fiscal year.

Robert Half Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Tuesday, February 25th will be paid a dividend of $0.59 per share. The ex-dividend date is 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 4.40%. Robert Half's payout ratio is 96.72%.

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.