Robert Half Inc. (NYSE:RHI) Shares Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas increased its position in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 41.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,668 shares of the business services provider's stock after buying an additional 8,056 shares during the period. Teacher Retirement System of Texas' holdings in Robert Half were worth $1,949,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Boston Partners increased its position in shares of Robert Half by 17.5% during the fourth quarter. Boston Partners now owns 8,554,276 shares of the business services provider's stock worth $602,867,000 after acquiring an additional 1,271,237 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Robert Half by 4.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,433,585 shares of the business services provider's stock valued at $241,930,000 after purchasing an additional 148,577 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in Robert Half by 20.1% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,343,030 shares of the business services provider's stock worth $90,534,000 after purchasing an additional 225,210 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Robert Half by 8.8% in the 4th 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 purchasing an additional 94,125 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Robert Half during the third quarter worth approximately $41,096,000. Hedge funds and other institutional investors own 92.41% of the company's stock.

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Analyst Ratings Changes

Several analysts recently issued reports on RHI shares. Truist Financial raised shares of Robert Half from a "hold" rating to a "buy" rating and upped their price target for the company from $62.00 to $90.00 in a report on Friday, December 13th. Barclays upgraded shares of Robert Half from an "underweight" rating to an "equal weight" rating and upped their target price for the company from $60.00 to $80.00 in a research note on Friday, January 3rd. JPMorgan Chase & Co. decreased their price target on Robert Half from $69.00 to $65.00 and set a "neutral" rating for the company in a research note on Thursday, January 30th. BNP Paribas raised 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. Finally, StockNews.com downgraded Robert Half from a "buy" rating to a "hold" rating in a report on Friday, March 21st. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $74.92.

Robert Half Price Performance

Shares of NYSE:RHI traded up $0.70 during trading on Monday, reaching $54.58. 1,154,864 shares of the company's stock traded hands, compared to its average volume of 1,419,835. The stock has a market capitalization of $5.58 billion, a P/E ratio of 22.37 and a beta of 1.22. Robert Half Inc. has a 12 month low of $51.55 and a 12 month high of $79.27. The company has a 50 day moving average of $59.23 and a 200-day moving average of $66.38.

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 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%. Equities research analysts predict that Robert Half Inc. will post 2.48 earnings per share for the current fiscal year.

Robert Half Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Tuesday, February 25th were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 4.32%. This is a boost from Robert Half's previous quarterly dividend of $0.53. The ex-dividend date was Tuesday, February 25th. Robert Half's dividend payout ratio (DPR) is presently 96.72%.

Robert Half Company 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.