Trexquant Investment LP Lowers Stock Position in Robert Half Inc. (NYSE:RHI)

Trexquant Investment LP cut its position in Robert Half Inc. (NYSE:RHI - Free Report) by 50.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,757 shares of the business services provider's stock after selling 105,420 shares during the quarter. Trexquant Investment LP owned about 0.10% of Robert Half worth $7,311,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. Boston Partners boosted its stake in Robert Half by 17.5% during the fourth quarter. Boston Partners now owns 8,554,276 shares of the business services provider's stock valued at $602,867,000 after buying an additional 1,271,237 shares during the period. Mawer Investment Management Ltd. raised its holdings in shares of Robert Half by 72.6% in 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 acquiring an additional 3,398,257 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of 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 acquiring an additional 148,577 shares during the last quarter. Alliancebernstein L.P. grew its holdings in shares of 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 worth $226,740,000 after purchasing an additional 17,338 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Robert Half by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 2,109,561 shares of the business services provider's stock worth $148,677,000 after purchasing an additional 53,294 shares during the last quarter. 92.41% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Truist Financial raised shares of Robert Half from a "hold" rating to a "buy" rating and boosted their price target for the stock from $62.00 to $90.00 in a research note on Friday, December 13th. BNP Paribas raised Robert Half from an "underperform" rating to an "outperform" rating and set a $71.50 target price on the stock in a research note on Monday, February 10th. JPMorgan Chase & Co. dropped 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. Barclays upgraded Robert Half from an "underweight" rating to an "equal weight" rating and increased their price objective for the company from $60.00 to $80.00 in a research report on Friday, January 3rd. Finally, StockNews.com upgraded Robert Half from a "hold" rating to a "buy" rating in a research report on Monday. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, Robert Half currently has an average rating of "Moderate Buy" and an average price target of $74.92.

Robert Half Trading Up 11.2 %

Shares of NYSE:RHI traded up $5.20 during trading on Wednesday, reaching $51.53. 2,087,190 shares of the company traded hands, compared to its average volume of 1,437,024. The business's fifty day moving average is $55.81 and its 200-day moving average is $65.43. Robert Half Inc. has a 52-week low of $44.97 and a 52-week high of $78.41. The firm has a market capitalization of $5.27 billion, a price-to-earnings ratio of 21.12 and a beta of 1.13.

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%. On average, sell-side 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 disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Tuesday, February 25th were given a dividend of $0.59 per share. This is an increase from Robert Half's previous quarterly dividend of $0.53. This represents a $2.36 dividend on an annualized basis and a yield of 4.58%. The ex-dividend date of this dividend was Tuesday, February 25th. Robert Half's payout ratio is presently 96.72%.

Robert Half 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.