Wealthfront Advisers LLC grew its stake in Robert Half Inc. (NYSE:RHI - Free Report) by 825.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 29,031 shares of the business services provider's stock after purchasing an additional 25,893 shares during the quarter. Wealthfront Advisers LLC's holdings in Robert Half were worth $2,046,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of the stock. Private Trust Co. NA grew its position in shares of Robert Half by 79.7% during the 3rd quarter. Private Trust Co. NA now owns 433 shares of the business services provider's stock valued at $29,000 after buying an additional 192 shares during the last quarter. Eastern Bank bought a new stake in shares of Robert Half during the 4th quarter valued at about $35,000. V Square Quantitative Management LLC grew its position in shares of Robert Half by 70.6% during the 4th quarter. V Square Quantitative Management LLC now owns 679 shares of the business services provider's stock valued at $48,000 after buying an additional 281 shares during the last quarter. Venturi Wealth Management LLC grew its position in shares of Robert Half by 310.3% during the 3rd quarter. Venturi Wealth Management LLC now owns 796 shares of the business services provider's stock valued at $54,000 after buying an additional 602 shares during the last quarter. Finally, Brooklyn Investment Group bought a new stake in shares of Robert Half during the 3rd quarter valued at about $56,000. Institutional investors and hedge funds own 92.41% of the company's stock.
Analysts Set New Price Targets
RHI has been the subject of a number of recent research reports. Truist Financial raised shares of Robert Half from a "hold" rating to a "buy" rating and boosted their price objective for the company from $62.00 to $90.00 in a research report on Friday, December 13th. JPMorgan Chase & Co. decreased their target price on shares of Robert Half from $69.00 to $65.00 and set a "neutral" rating for the company in a research report on Thursday, January 30th. BNP Paribas upgraded shares of Robert Half from an "underperform" rating to an "outperform" rating and set a $71.50 target price for the company in a research report on Monday, February 10th. StockNews.com cut shares of Robert Half from a "buy" rating to a "hold" rating in a research report on Wednesday, March 12th. Finally, Barclays upgraded shares of Robert Half from an "underweight" rating to an "equal weight" rating and upped their target price for the stock from $60.00 to $80.00 in a research report on Friday, January 3rd. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $74.92.
Get Our Latest Report on RHI
Robert Half Price Performance
Shares of Robert Half stock traded up $0.48 on Wednesday, hitting $54.54. The company had a trading volume of 1,660,780 shares, compared to its average volume of 1,334,125. The business has a 50-day simple moving average of $61.85 and a 200-day simple moving average of $66.87. The company has a market cap of $5.57 billion, a PE ratio of 22.35 and a beta of 1.22. Robert Half Inc. has a 52 week low of $51.55 and a 52 week high of $81.85.
Robert Half (NYSE:RHI - Get Free Report) last released its earnings results on Wednesday, January 29th. The business services provider reported $0.53 EPS for the quarter, missing the consensus estimate 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, 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 firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Tuesday, February 25th were paid a dividend of $0.59 per share. 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. This represents a $2.36 annualized dividend and a yield of 4.33%. Robert Half's dividend payout ratio is currently 96.72%.
Robert Half Profile
(
Free Report)
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.
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