Robert Half Inc. (NYSE:RHI) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. reduced its stake in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 0.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,700,178 shares of the business services provider's stock after selling 42,189 shares during the period. Vanguard Group Inc. owned approximately 11.33% of Robert Half worth $824,395,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in RHI. Boston Partners lifted its position 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 worth $602,867,000 after acquiring an additional 1,271,237 shares during the period. Point72 Asset Management L.P. acquired a new stake in shares of Robert Half during the third quarter worth about $41,096,000. Janus Henderson Group PLC boosted its position in Robert Half by 828.9% in the third quarter. Janus Henderson Group PLC now owns 463,570 shares of the business services provider's stock valued at $31,249,000 after buying an additional 413,664 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in Robert Half by 20.1% in 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 buying an additional 225,210 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in Robert Half during the 4th quarter worth approximately $15,491,000. 92.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on RHI. StockNews.com downgraded shares of Robert Half from a "buy" rating to a "hold" rating in a report on Friday, March 21st. JPMorgan Chase & Co. cut their price target on Robert Half from $69.00 to $65.00 and set a "neutral" rating on the stock in a research report 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. Barclays raised Robert Half from an "underweight" rating to an "equal weight" rating and raised their target price for the stock from $60.00 to $80.00 in a report on Friday, January 3rd. Finally, Truist Financial upgraded Robert Half from a "hold" rating to a "buy" rating and lifted their price target for the company from $62.00 to $90.00 in a research report on Friday, December 13th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Robert Half currently has an average rating of "Hold" and a consensus price target of $74.92.

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Robert Half Stock Performance

Shares of Robert Half stock traded up $0.79 on Wednesday, hitting $54.79. The company's stock had a trading volume of 222,951 shares, compared to its average volume of 1,408,612. The company has a market capitalization of $5.60 billion, a price-to-earnings ratio of 22.45 and a beta of 1.22. Robert Half Inc. has a 1 year low of $51.55 and a 1 year high of $78.41. The firm has a fifty day moving average price of $59.23 and a 200-day moving average price of $66.38.

Robert Half (NYSE:RHI - Get Free Report) last posted its quarterly earnings data 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 net margin of 4.34% and a return on equity of 17.20%. As a group, analysts forecast that Robert Half Inc. will post 2.48 EPS for the current 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 issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 4.31%. This is an increase 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 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.