Ieq Capital LLC Raises Stock Position in Robert Half Inc. (NYSE:RHI)

Ieq Capital LLC lifted its position in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 24.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 228,033 shares of the business services provider's stock after purchasing an additional 44,704 shares during the period. Ieq Capital LLC owned 0.22% of Robert Half worth $16,067,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of RHI. Creative Planning boosted its holdings in shares of Robert Half by 2.9% during the third quarter. Creative Planning now owns 17,980 shares of the business services provider's stock worth $1,212,000 after purchasing an additional 506 shares during the period. Blue Trust Inc. boosted its holdings in shares of Robert Half by 225.2% during the third quarter. Blue Trust Inc. now owns 1,265 shares of the business services provider's stock worth $81,000 after purchasing an additional 876 shares during the period. Raymond James & Associates boosted its holdings in shares of Robert Half by 56.5% during the third quarter. Raymond James & Associates now owns 180,553 shares of the business services provider's stock worth $12,171,000 after purchasing an additional 65,182 shares during the period. Sequoia Financial Advisors LLC purchased a new stake in shares of Robert Half during the third quarter worth about $298,000. Finally, International Assets Investment Management LLC raised its stake in Robert Half by 6,641.7% in the third quarter. International Assets Investment Management LLC now owns 809 shares of the business services provider's stock worth $55,000 after buying an additional 797 shares in the last quarter. 92.41% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Robert Half

In related news, Director Dirk A. Kempthorne sold 1,032 shares of the firm's stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $74.35, for a total transaction of $76,729.20. Following the completion of the sale, the director now owns 12,310 shares of the company's stock, valued at $915,248.50. This trade represents a 7.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.00% of the stock is owned by insiders.

Robert Half Stock Down 0.1 %

Shares of NYSE RHI traded down $0.03 on Friday, reaching $60.00. 1,600,456 shares of the company's stock traded hands, compared to its average volume of 1,438,288. Robert Half Inc. has a 12 month low of $57.05 and a 12 month high of $83.25. The business's 50 day simple moving average is $67.04 and its two-hundred day simple moving average is $67.50. The company has a market cap of $6.13 billion, a price-to-earnings ratio of 24.59 and a beta of 1.23.

Robert Half (NYSE:RHI - Get Free Report) last announced its 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 net margin of 4.34% and a return on equity of 17.20%. Analysts forecast that Robert Half Inc. will post 2.48 earnings per share for the current fiscal year.

Robert Half Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Tuesday, February 25th will be given a dividend of $0.59 per share. The ex-dividend date is Tuesday, February 25th. This represents a $2.36 annualized dividend and a dividend yield of 3.93%. This is an increase from Robert Half's previous quarterly dividend of $0.53. Robert Half's dividend payout ratio (DPR) is 86.89%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. JPMorgan Chase & Co. decreased their price target on shares of 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 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 note on Friday, January 3rd. 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 note on Monday, February 10th. Finally, Truist Financial raised shares of Robert Half from a "hold" rating to a "buy" rating and increased their price target for the stock from $62.00 to $90.00 in a research note on Friday, December 13th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $74.92.

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.