Y Intercept Hong Kong Ltd Sells 9,753 Shares of Robert Half Inc. (NYSE:RHI)

Y Intercept Hong Kong Ltd lowered its stake in shares of Robert Half Inc. (NYSE:RHI) by 50.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 9,663 shares of the business services provider’s stock after selling 9,753 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Robert Half were worth $681,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Private Trust Co. NA grew its holdings in Robert Half by 79.7% during the third quarter. Private Trust Co. NA now owns 433 shares of the business services provider’s stock worth $29,000 after buying an additional 192 shares in the last quarter. Reston Wealth Management LLC bought a new stake in Robert Half during the third quarter worth $34,000. Eastern Bank bought a new stake in Robert Half during the fourth quarter worth $35,000. V Square Quantitative Management LLC grew its holdings in Robert Half by 70.6% during the fourth quarter. V Square Quantitative Management LLC now owns 679 shares of the business services provider’s stock worth $48,000 after buying an additional 281 shares in the last quarter. Finally, Friedenthal Financial bought a new stake in Robert Half during the fourth quarter worth $56,000. Institutional investors own 92.41% of the company’s stock.

Robert Half Price Performance

Shares of NYSE RHI opened at $58.99 on Friday. Robert Half Inc. has a one year low of $57.05 and a one year high of $83.25. The business’s fifty day moving average price is $65.97 and its 200-day moving average price is $67.47. The stock has a market capitalization of $6.03 billion, a PE ratio of 24.18 and a beta of 1.23.

Robert Half (NYSE:RHI) last issued its quarterly earnings results on Wednesday, January 29th. The business services provider reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). Robert Half had a net margin of 4.34% and a return on equity of 17.20%. As a group, equities analysts expect that Robert Half Inc. will post 2.48 EPS for the current fiscal year.

Robert Half Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders 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 4.00%. The ex-dividend date of this dividend is Tuesday, February 25th. This is a boost from Robert Half’s previous quarterly dividend of $0.53. Robert Half’s dividend payout ratio is currently 96.72%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on RHI. Barclays upgraded Robert Half from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $60.00 to $80.00 in a report on Friday, January 3rd. JPMorgan Chase & Co. cut their price objective on Robert Half from $69.00 to $65.00 and set a “neutral” rating on the stock in a research report on Thursday, January 30th. 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 report on Monday, February 10th. Truist Financial raised Robert Half from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $62.00 to $90.00 in a research report on Friday, December 13th. Finally, StockNews.com raised Robert Half from a “hold” rating to a “buy” rating in a research report on Thursday. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $74.92.

Robert Half 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.