Quantbot Technologies LP lowered its holdings in Robert Half Inc. (NYSE:RHI - Free Report) by 68.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,535 shares of the business services provider's stock after selling 31,712 shares during the period. Quantbot Technologies LP's holdings in Robert Half were worth $1,024,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Cerity Partners LLC boosted its position in Robert Half by 106.9% during the 3rd quarter. Cerity Partners LLC now owns 53,990 shares of the business services provider's stock worth $3,639,000 after acquiring an additional 27,891 shares during the period. Algert Global LLC lifted its position in shares of Robert Half by 166.8% in the third quarter. Algert Global LLC now owns 28,246 shares of the business services provider's stock worth $1,904,000 after purchasing an additional 17,660 shares in the last quarter. Private Trust Co. NA boosted its holdings 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 purchasing an additional 192 shares during the period. Brooklyn Investment Group acquired a new stake in shares of Robert Half during the third quarter worth approximately $56,000. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its position in Robert Half by 532.4% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 66,403 shares of the business services provider's stock valued at $4,476,000 after purchasing an additional 55,903 shares in the last quarter. Institutional investors and hedge funds own 92.41% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts have issued reports on the stock. Truist Financial raised shares of Robert Half from a "hold" rating to a "buy" rating and lifted their target price for the company from $62.00 to $90.00 in a research note on Friday, December 13th. StockNews.com downgraded Robert Half from a "buy" rating to a "hold" rating in a research note on Friday, March 21st. 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. Barclays upgraded Robert Half from an "underweight" rating to an "equal weight" rating and lifted their price target for the company from $60.00 to $80.00 in a report on Friday, January 3rd. Finally, 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 report on Monday, February 10th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $74.92.
Get Our Latest Stock Analysis on RHI
Robert Half Stock Performance
Shares of NYSE RHI traded down $1.18 during mid-day trading on Friday, reaching $53.86. 1,128,131 shares of the company traded hands, compared to its average volume of 1,420,895. The company's fifty day moving average is $59.55 and its two-hundred day moving average is $66.41. Robert Half Inc. has a fifty-two week low of $51.55 and a fifty-two week high of $79.27. The stock has a market cap of $5.50 billion, a PE ratio of 22.07 and a beta of 1.22.
Robert Half (NYSE:RHI - Get Free Report) last released its quarterly earnings results 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 net margin of 4.34% and a return on equity of 17.20%. Research analysts forecast 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 was paid on Friday, March 14th. Stockholders of record on Tuesday, February 25th were given a $0.59 dividend. This is an increase from Robert Half's previous quarterly dividend of $0.53. This represents a $2.36 annualized dividend and a dividend yield of 4.38%. The ex-dividend date was Tuesday, February 25th. Robert Half's dividend payout ratio (DPR) is currently 96.72%.
Robert Half Company Profile
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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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