Illinois Municipal Retirement Fund Sells 220 Shares of Robert Half Inc. (NYSE:RHI)

Illinois Municipal Retirement Fund reduced its stake in Robert Half Inc. (NYSE:RHI) by 0.2% during the 4th quarter, HoldingsChannel reports. The fund owned 100,291 shares of the business services provider’s stock after selling 220 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Robert Half were worth $7,067,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Private Trust Co. NA raised its stake in shares of Robert Half by 79.7% in the 3rd quarter. Private Trust Co. NA now owns 433 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 192 shares during the period. Reston Wealth Management LLC bought a new position in shares of Robert Half during the third quarter worth about $34,000. Eastern Bank bought a new position in shares of Robert Half during the fourth quarter worth about $35,000. V Square Quantitative Management LLC raised its position 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 lifted its stake in Robert Half by 310.3% in the 3rd quarter. Venturi Wealth Management LLC now owns 796 shares of the business services provider’s stock valued at $54,000 after acquiring an additional 602 shares in the last quarter. 92.41% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on RHI shares. Truist Financial raised shares of Robert Half from a “hold” rating to a “buy” rating and raised their price target for the stock from $62.00 to $90.00 in a research note on Friday, December 13th. Barclays raised shares of Robert Half from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $60.00 to $80.00 in a research report on Friday, January 3rd. BNP Paribas raised shares of Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 price target on the stock in a research report on Monday, February 10th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Robert Half from $69.00 to $65.00 and set a “neutral” rating for the company in a research note on Thursday, January 30th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $74.92.

Robert Half Trading Down 0.2 %

Shares of RHI opened at $59.52 on Thursday. The company’s fifty day simple moving average is $66.22 and its 200 day simple moving average is $67.54. Robert Half Inc. has a 1-year low of $57.05 and a 1-year high of $83.25. The company has a market cap of $6.08 billion, a price-to-earnings ratio of 24.39 and a beta of 1.23.

Robert Half (NYSE:RHI) last released its quarterly earnings data on Wednesday, January 29th. The business services provider reported $0.53 earnings per share 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%. As a group, research analysts forecast that Robert Half Inc. will post 2.48 earnings per share for the current year.

Robert Half Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Tuesday, February 25th will be paid a $0.59 dividend. This is a positive change from Robert Half’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Tuesday, February 25th. This represents a $2.36 annualized dividend and a yield of 3.97%. Robert Half’s dividend payout ratio is currently 96.72%.

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.