Wellington Management Group LLP Acquires 619,982 Shares of Robert Half Inc. (NYSE:RHI)

Wellington Management Group LLP raised its stake in Robert Half Inc. (NYSE:RHI - Free Report) by 293.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 831,359 shares of the business services provider's stock after purchasing an additional 619,982 shares during the period. Wellington Management Group LLP owned 0.81% of Robert Half worth $58,578,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of RHI. Van ECK Associates Corp grew its position in Robert Half by 24.1% in the 4th quarter. Van ECK Associates Corp now owns 85,878 shares of the business services provider's stock worth $6,051,000 after purchasing an additional 16,668 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of Robert Half by 347.9% during the fourth quarter. SG Americas Securities LLC now owns 16,586 shares of the business services provider's stock valued at $1,169,000 after buying an additional 12,883 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Robert Half by 48.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 794 shares of the business services provider's stock valued at $56,000 after buying an additional 258 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Robert Half by 20.5% during the third quarter. JPMorgan Chase & Co. now owns 270,467 shares of the business services provider's stock valued at $18,232,000 after buying an additional 46,100 shares during the last quarter. Finally, Janus Henderson Group PLC raised its holdings in shares of Robert Half by 828.9% during 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. Institutional investors own 92.41% of the company's stock.

Analysts Set New Price Targets

RHI has been the topic of a number of recent analyst reports. Truist Financial raised 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 report on Friday, December 13th. Barclays raised Robert Half from an "underweight" rating to an "equal weight" rating and lifted their price target for the company from $60.00 to $80.00 in a report on Friday, January 3rd. BNP Paribas raised Robert Half from an "underperform" rating to an "outperform" rating and set a $71.50 price target on the stock in a report on Monday, February 10th. StockNews.com raised Robert Half from a "hold" rating to a "buy" rating in a report on Monday. Finally, JPMorgan Chase & Co. dropped their target price on Robert Half from $69.00 to $65.00 and set a "neutral" rating on the stock in a report on Thursday, January 30th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, Robert Half currently has an average rating of "Moderate Buy" and a consensus target price of $74.92.

Robert Half Stock Performance

Shares of NYSE RHI traded down $3.10 during trading on Thursday, hitting $48.39. The company had a trading volume of 245,875 shares, compared to its average volume of 1,432,381. The company has a market cap of $4.95 billion, a P/E ratio of 19.84 and a beta of 1.13. Robert Half Inc. has a 52 week low of $44.97 and a 52 week high of $78.41. The business's 50-day moving average is $55.81 and its 200 day moving average is $65.43.

Robert Half (NYSE:RHI - Get Free Report) last posted 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%. On average, research analysts expect that Robert Half Inc. will post 2.48 EPS for the current year.

Robert Half Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Tuesday, February 25th were paid a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, February 25th. 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 dividend yield of 4.88%. Robert Half's dividend payout ratio is 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.