Mawer Investment Management Ltd. Purchases 3,398,257 Shares of Robert Half Inc. (NYSE:RHI)

Mawer Investment Management Ltd. raised its holdings in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 72.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,079,597 shares of the business services provider's stock after buying an additional 3,398,257 shares during the quarter. Robert Half comprises 2.6% of Mawer Investment Management Ltd.'s investment portfolio, making the stock its 12th largest holding. Mawer Investment Management Ltd. owned approximately 7.83% of Robert Half worth $569,288,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of RHI. Cerity Partners LLC grew its position in Robert Half by 106.9% during the third quarter. Cerity Partners LLC now owns 53,990 shares of the business services provider's stock worth $3,639,000 after buying an additional 27,891 shares in the last quarter. Private Trust Co. NA lifted its position in shares of Robert Half by 79.7% in the 3rd 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 during the period. Brooklyn Investment Group acquired a new stake in shares of Robert Half during the 3rd quarter worth approximately $56,000. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of 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 during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Robert Half by 17.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,770 shares of the business services provider's stock valued at $1,468,000 after purchasing an additional 3,281 shares in the last quarter. 92.41% of the stock is owned by institutional investors.

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Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Truist Financial upgraded shares of Robert Half from a "hold" rating to a "buy" rating and lifted their price target for the stock from $62.00 to $90.00 in a research note on Friday, December 13th. StockNews.com lowered shares of Robert Half from a "buy" rating to a "hold" rating in a research report on Friday, March 21st. Barclays raised shares of Robert Half from an "underweight" rating to an "equal weight" rating and increased their price target for the stock from $60.00 to $80.00 in a research report on Friday, January 3rd. JPMorgan Chase & Co. lowered their price objective on Robert Half from $69.00 to $65.00 and set a "neutral" rating on the stock in a research note on Thursday, January 30th. Finally, BNP Paribas upgraded Robert Half from an "underperform" rating to an "outperform" rating and set a $71.50 target price for the company in a research report on Monday, February 10th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $74.92.

Robert Half Stock Performance

Robert Half stock traded up $0.76 on Wednesday, reaching $54.76. The company's stock had a trading volume of 833,390 shares, compared to its average volume of 1,417,726. The business's fifty day moving average price is $59.23 and its 200 day moving average price is $66.38. The company has a market cap of $5.60 billion, a price-to-earnings ratio of 22.44 and a beta of 1.22. Robert Half Inc. has a twelve month low of $51.55 and a twelve month high of $78.41.

Robert Half (NYSE:RHI - Get Free Report) last issued 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%. As a group, equities analysts forecast that Robert Half Inc. will post 2.48 earnings per share for the current year.

Robert Half Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Tuesday, February 25th were issued a $0.59 dividend. The ex-dividend date was Tuesday, February 25th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 4.31%. This is a positive change from Robert Half's previous quarterly dividend of $0.53. Robert Half's dividend payout ratio (DPR) is currently 96.72%.

About Robert Half

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.