Invesco Ltd. grew its stake in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 30.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 515,031 shares of the business services provider's stock after acquiring an additional 119,443 shares during the quarter. Invesco Ltd. owned about 0.50% of Robert Half worth $36,289,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of the company. Boston Partners lifted its stake in Robert Half by 17.5% during the 4th quarter. Boston Partners now owns 8,554,276 shares of the business services provider's stock valued at $602,867,000 after acquiring an additional 1,271,237 shares during the period. Mawer Investment Management Ltd. increased its position in shares of Robert Half by 72.6% during the 4th quarter. Mawer Investment Management Ltd. now owns 8,079,597 shares of the business services provider's stock valued at $569,288,000 after purchasing an additional 3,398,257 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Robert Half by 4.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,433,585 shares of the business services provider's stock worth $241,930,000 after purchasing an additional 148,577 shares during the period. Alliancebernstein L.P. grew its position in Robert Half by 0.5% during the fourth quarter. Alliancebernstein L.P. now owns 3,217,999 shares of the business services provider's stock valued at $226,740,000 after buying an additional 17,338 shares during the period. Finally, Geode Capital Management LLC increased its holdings in Robert Half by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 2,109,561 shares of the business services provider's stock valued at $148,677,000 after buying an additional 53,294 shares during the last quarter. 92.41% of the stock is currently owned by institutional investors.
Robert Half Stock Performance
NYSE RHI traded up $1.02 on Tuesday, hitting $46.15. 2,562,675 shares of the stock were exchanged, compared to its average volume of 1,458,992. Robert Half Inc. has a 52-week low of $44.31 and a 52-week high of $78.41. The firm has a market capitalization of $4.71 billion, a P/E ratio of 18.91 and a beta of 1.13. The stock has a fifty day moving average price of $53.71 and a two-hundred day moving average price of $64.34.
Robert Half (NYSE:RHI - Get Free Report) last posted 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 return on equity of 17.20% and a net margin of 4.34%. Sell-side analysts expect that Robert Half Inc. will post 2.48 earnings per share for the current fiscal year.
Robert Half Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Tuesday, February 25th were paid a dividend of $0.59 per share. This is a boost from Robert Half's previous quarterly dividend of $0.53. This represents a $2.36 dividend on an annualized basis and a dividend yield of 5.11%. The ex-dividend date of this dividend was Tuesday, February 25th. Robert Half's dividend payout ratio is 96.72%.
Wall Street Analyst Weigh In
RHI has been the topic of a number of recent research reports. StockNews.com cut Robert Half from a "buy" rating to a "hold" rating in a report on Tuesday, April 15th. JPMorgan Chase & Co. lowered their target price 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. Truist Financial decreased their price target on Robert Half from $90.00 to $60.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Barclays lowered their price target on Robert Half from $80.00 to $50.00 and set an "equal weight" rating on the stock in a report on Thursday, April 10th. Finally, BNP Paribas raised shares of Robert Half from an "underperform" rating to an "outperform" rating and set a $71.50 price objective for the company in a report on Monday, February 10th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $64.92.
Get Our Latest Report on Robert Half
Robert Half Company Profile
(
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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