Robert Half Inc. (NYSE:RHI) Shares Sold by First National Advisers LLC

First National Advisers LLC decreased its holdings in Robert Half Inc. (NYSE:RHI) by 10.3% in the fourth quarter, Holdings Channel reports. The fund owned 28,773 shares of the business services provider’s stock after selling 3,304 shares during the period. First National Advisers LLC’s holdings in Robert Half were worth $2,028,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Mawer Investment Management Ltd. raised its holdings in Robert Half by 28.9% in the 3rd quarter. Mawer Investment Management Ltd. now owns 4,681,340 shares of the business services provider’s stock valued at $315,569,000 after acquiring an additional 1,049,005 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Robert Half by 4.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,433,585 shares of the business services provider’s stock worth $241,930,000 after buying an additional 148,577 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in shares of Robert Half by 20.1% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,343,030 shares of the business services provider’s stock worth $90,534,000 after buying an additional 225,210 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Robert Half by 8.8% during the 4th quarter. Bank of New York Mellon Corp now owns 1,160,555 shares of the business services provider’s stock worth $81,773,000 after buying an additional 94,125 shares during the last quarter. Finally, Pzena Investment Management LLC increased its holdings in shares of Robert Half by 41.9% during the 3rd quarter. Pzena Investment Management LLC now owns 1,027,683 shares of the business services provider’s stock worth $69,276,000 after buying an additional 303,421 shares during the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.

Robert Half Stock Up 2.1 %

Shares of RHI stock opened at $53.06 on Friday. Robert Half Inc. has a 52 week low of $51.55 and a 52 week high of $81.85. The stock has a market capitalization of $5.42 billion, a PE ratio of 21.75 and a beta of 1.22. The firm has a 50 day moving average of $62.47 and a two-hundred day moving average of $66.97.

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 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%. Analysts expect that Robert Half Inc. will post 2.48 EPS for the current fiscal year.

Robert Half Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Tuesday, February 25th were given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 4.45%. The ex-dividend date was Tuesday, February 25th. This is a boost from Robert Half’s previous quarterly dividend of $0.53. Robert Half’s dividend payout ratio (DPR) is currently 96.72%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Barclays upgraded shares of Robert Half from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $60.00 to $80.00 in a report on Friday, January 3rd. BNP Paribas upgraded shares of Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 price target for the company in a report on Monday, February 10th. Truist Financial upgraded shares of Robert Half from a “hold” rating to a “buy” rating and lifted their target price for the company from $62.00 to $90.00 in a report on Friday, December 13th. StockNews.com downgraded shares of Robert Half from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. dropped their target price on shares of Robert Half from $69.00 to $65.00 and set a “neutral” rating for the company in a report on Thursday, January 30th. Four investment 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 company has a consensus rating of “Hold” and an average price target 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.