Y Intercept Hong Kong Ltd Has $681,000 Stock Position in Robert Half Inc. (NYSE:RHI)

Y Intercept Hong Kong Ltd trimmed its position in Robert Half Inc. (NYSE:RHI - Free Report) by 50.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 9,663 shares of the business services provider's stock after selling 9,753 shares during the period. Y Intercept Hong Kong Ltd's holdings in Robert Half were worth $681,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Private Trust Co. NA increased its holdings in Robert Half by 79.7% in the 3rd quarter. Private Trust Co. NA now owns 433 shares of the business services provider's stock worth $29,000 after purchasing an additional 192 shares in the last quarter. Reston Wealth Management LLC acquired a new position in shares of Robert Half in the third quarter valued at approximately $34,000. Eastern Bank acquired a new position in shares of Robert Half in the fourth quarter valued at approximately $35,000. V Square Quantitative Management LLC raised its holdings in Robert Half by 70.6% in 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. Finally, Venturi Wealth Management LLC boosted its position in Robert Half by 310.3% during the 3rd quarter. Venturi Wealth Management LLC now owns 796 shares of the business services provider's stock worth $54,000 after buying an additional 602 shares during the period. Institutional investors and hedge funds own 92.41% of the company's stock.

Robert Half Stock Performance

Shares of RHI stock traded down $0.67 during mid-day trading on Tuesday, hitting $55.71. The company's stock had a trading volume of 907,964 shares, compared to its average volume of 1,279,568. The company has a market cap of $5.69 billion, a PE ratio of 22.84 and a beta of 1.23. The company's fifty day simple moving average is $65.43 and its 200-day simple moving average is $67.53. Robert Half Inc. has a 52 week low of $55.03 and a 52 week high of $81.86.

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Robert Half (NYSE:RHI - Get Free Report) last issued its 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, equities analysts anticipate that Robert Half Inc. will post 2.48 earnings per share for the current year.

Robert Half Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Tuesday, February 25th will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 4.24%. The ex-dividend date of this dividend is Tuesday, February 25th. This is an increase from Robert Half's previous quarterly dividend of $0.53. Robert Half's payout ratio is presently 96.72%.

Analyst Ratings Changes

RHI has been the subject of several recent research reports. StockNews.com upgraded shares of Robert Half from a "hold" rating to a "buy" rating in a research report on Thursday, February 27th. 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 research report on Friday, January 3rd. Truist Financial upgraded 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. JPMorgan Chase & Co. decreased 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. Finally, BNP Paribas raised Robert Half from an "underperform" rating to an "outperform" rating and set a $71.50 price objective on the stock in a research note on Monday, February 10th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Robert Half presently has an average rating of "Moderate Buy" and a consensus target price of $74.92.

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.