Schroder Investment Management Group Raises Stock Position in Robert Half Inc. (NYSE:RHI)

Schroder Investment Management Group increased its position in Robert Half Inc. (NYSE:RHI - Free Report) by 124.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 724,419 shares of the business services provider's stock after buying an additional 401,369 shares during the quarter. Schroder Investment Management Group owned 0.70% of Robert Half worth $50,956,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Boston Partners grew its position in shares of Robert Half by 17.5% in the 4th quarter. Boston Partners now owns 8,554,276 shares of the business services provider's stock worth $602,867,000 after buying an additional 1,271,237 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Robert Half by 4.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,433,585 shares of the business services provider's stock worth $241,930,000 after acquiring an additional 148,577 shares during the period. Jacobs Levy Equity Management Inc. lifted its stake in Robert Half by 20.1% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,343,030 shares of the business services provider's stock worth $90,534,000 after acquiring an additional 225,210 shares during the period. Bank of New York Mellon Corp boosted its holdings in Robert Half by 8.8% in the fourth quarter. Bank of New York Mellon Corp now owns 1,160,555 shares of the business services provider's stock valued at $81,773,000 after acquiring an additional 94,125 shares in the last quarter. Finally, Norges Bank purchased a new position in Robert Half during the 4th quarter valued at $60,257,000. 92.41% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. cut 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. StockNews.com lowered Robert Half from a "buy" rating to a "hold" rating in a research report on Friday, March 21st. 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 note on Monday, February 10th. Barclays raised Robert Half from an "underweight" rating to an "equal weight" rating and upped their price target for the stock from $60.00 to $80.00 in a research note on Friday, January 3rd. Finally, Truist Financial raised Robert Half from a "hold" rating to a "buy" rating and raised their price objective for the company from $62.00 to $90.00 in a research report on Friday, December 13th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $74.92.

Robert Half Trading Down 6.8 %

NYSE:RHI traded down $3.70 during trading hours on Thursday, reaching $51.01. 1,198,652 shares of the company traded hands, compared to its average volume of 1,419,749. The business's 50-day moving average price is $58.55 and its two-hundred day moving average price is $66.24. Robert Half Inc. has a 1 year low of $50.76 and a 1 year high of $78.41. The stock has a market capitalization of $5.21 billion, a P/E ratio of 20.90 and a beta of 1.22.

Robert Half (NYSE:RHI - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The business services provider reported $0.53 earnings per share (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%. As a group, equities analysts anticipate that Robert Half Inc. will post 2.48 EPS for the current year.

Robert Half Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Tuesday, February 25th were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 4.63%. The ex-dividend date of this dividend was Tuesday, February 25th. This is a positive change from Robert Half's previous quarterly dividend of $0.53. Robert Half's payout ratio 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.