River Road Asset Management LLC Buys 39,970 Shares of Robert Half Inc. (NYSE:RHI)

River Road Asset Management LLC raised its holdings in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 51.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 118,368 shares of the business services provider's stock after purchasing an additional 39,970 shares during the period. River Road Asset Management LLC owned approximately 0.11% of Robert Half worth $8,340,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. State of New Jersey Common Pension Fund D lifted its position in shares of Robert Half by 0.9% in the third quarter. State of New Jersey Common Pension Fund D now owns 30,957 shares of the business services provider's stock valued at $2,087,000 after acquiring an additional 290 shares in the last quarter. Venturi Wealth Management LLC boosted its holdings in Robert Half by 310.3% during the 3rd quarter. Venturi Wealth Management LLC now owns 796 shares of the business services provider's stock valued at $54,000 after acquiring an additional 602 shares during the period. WCM Investment Management LLC increased its stake in Robert Half by 345.1% in the 3rd quarter. WCM Investment Management LLC now owns 18,735 shares of the business services provider's stock worth $1,262,000 after buying an additional 14,526 shares during the period. Ashton Thomas Private Wealth LLC increased its position in shares of Robert Half by 79.6% during the third quarter. Ashton Thomas Private Wealth LLC now owns 12,813 shares of the business services provider's stock worth $864,000 after acquiring an additional 5,679 shares during the period. Finally, Victory Capital Management Inc. raised its position in Robert Half by 32.7% during the 3rd quarter. Victory Capital Management Inc. now owns 613,752 shares of the business services provider's stock valued at $41,373,000 after purchasing an additional 151,261 shares in the last quarter. 92.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. cut their price objective on shares of Robert Half from $69.00 to $65.00 and set a "neutral" rating on the stock in a research report on Thursday, January 30th. StockNews.com raised shares of Robert Half from a "hold" rating to a "buy" rating in a report on Thursday, February 27th. BNP Paribas raised shares of Robert Half from an "underperform" rating to an "outperform" rating and set a $71.50 price target on the stock in a research note on Monday, February 10th. Barclays raised Robert Half from an "underweight" rating to an "equal weight" rating and increased their target price for the company from $60.00 to $80.00 in a report on Friday, January 3rd. Finally, Truist Financial raised shares of Robert Half from a "hold" rating to a "buy" rating and upped their price objective for the company from $62.00 to $90.00 in a research note on Friday, December 13th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Robert Half has an average rating of "Moderate Buy" and an average price target of $74.92.

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Robert Half Stock Down 0.5 %

NYSE RHI opened at $54.19 on Wednesday. The business has a fifty day moving average of $63.81 and a 200-day moving average of $67.30. The stock has a market cap of $5.54 billion, a price-to-earnings ratio of 22.21 and a beta of 1.22. Robert Half Inc. has a fifty-two week low of $53.53 and a fifty-two week high of $81.85.

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 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%. As a group, analysts anticipate that Robert Half Inc. will post 2.48 EPS for the current year.

Robert Half Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Tuesday, February 25th will be issued a dividend of $0.59 per share. The ex-dividend date is Tuesday, February 25th. This is an increase from Robert Half's previous quarterly dividend of $0.53. This represents a $2.36 annualized dividend and a yield of 4.36%. Robert Half's payout ratio is currently 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.

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