WCM Investment Management LLC Boosts Stock Position in Robert Half Inc. (NYSE:RHI)

WCM Investment Management LLC increased its stake in Robert Half Inc. (NYSE:RHI - Free Report) by 239.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 63,614 shares of the business services provider's stock after acquiring an additional 44,879 shares during the period. WCM Investment Management LLC owned about 0.06% of Robert Half worth $4,475,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Kingsview Wealth Management LLC bought a new stake in shares of Robert Half in the 4th quarter valued at about $2,241,000. Vest Financial LLC lifted its stake in shares of Robert Half by 52.1% in the 4th quarter. Vest Financial LLC now owns 34,402 shares of the business services provider's stock valued at $2,424,000 after acquiring an additional 11,786 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Robert Half by 16.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 74,043 shares of the business services provider's stock valued at $5,262,000 after acquiring an additional 10,189 shares during the last quarter. Trust Point Inc. bought a new stake in shares of Robert Half in the 4th quarter valued at about $422,000. Finally, Resonant Capital Advisors LLC lifted its stake in shares of Robert Half by 2.1% in the 4th quarter. Resonant Capital Advisors LLC now owns 15,781 shares of the business services provider's stock valued at $1,112,000 after acquiring an additional 322 shares during the last quarter. Institutional investors own 92.41% of the company's stock.

Robert Half Stock Up 0.9 %

Shares of NYSE:RHI traded up $0.54 during trading on Thursday, hitting $58.43. The stock had a trading volume of 1,101,937 shares, compared to its average volume of 1,261,663. Robert Half Inc. has a 12 month low of $57.05 and a 12 month high of $83.25. The company has a market capitalization of $6.03 billion, a PE ratio of 23.95 and a beta of 1.23. The firm's fifty day moving average is $69.16 and its 200 day moving average is $67.71.

Robert Half (NYSE:RHI - Get Free Report) last announced its earnings results on Wednesday, January 29th. The business services provider reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate 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 expect that Robert Half Inc. will post 2.53 EPS for the current fiscal year.

Robert Half Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Tuesday, February 25th will be given a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, February 25th. This represents a $2.36 annualized dividend and a dividend yield of 4.04%. This is a positive change from Robert Half's previous quarterly dividend of $0.53. Robert Half's dividend payout ratio is currently 86.89%.

Wall Street Analyst Weigh In

RHI has been the subject of a number of recent research reports. JPMorgan Chase & Co. lowered their target price 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. Truist Financial raised 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 research report on Friday, December 13th. BNP Paribas raised Robert Half from an "underperform" rating to an "outperform" rating and set a $71.50 price target for the company in a research report on Monday. Finally, Barclays raised Robert Half from an "underweight" rating to an "equal weight" rating and upped their price target for the company from $60.00 to $80.00 in a research report on Friday, January 3rd. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $74.92.

Insider Transactions at Robert Half

In related news, Director Dirk A. Kempthorne sold 1,032 shares of the company's stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $74.35, for a total value of $76,729.20. Following the sale, the director now owns 12,310 shares in the company, valued at $915,248.50. This represents a 7.73 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 3.00% of the company's stock.

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.