Boston Partners Boosts Holdings in Robert Half Inc. (NYSE:RHI)

Boston Partners grew its holdings in shares of Robert Half Inc. (NYSE:RHI) by 17.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,554,276 shares of the business services provider’s stock after acquiring an additional 1,271,237 shares during the quarter. Robert Half accounts for approximately 0.7% of Boston Partners’ holdings, making the stock its 29th biggest holding. Boston Partners owned approximately 8.28% of Robert Half worth $602,867,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in RHI. Private Trust Co. NA increased its stake in shares of Robert Half by 79.7% in 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 during the period. Signaturefd LLC increased its stake in shares of Robert Half by 121.3% in the fourth quarter. Signaturefd LLC now owns 436 shares of the business services provider’s stock worth $31,000 after buying an additional 239 shares during the period. Eastern Bank purchased a new position in shares of Robert Half in the fourth quarter worth $35,000. V Square Quantitative Management LLC increased its stake in shares of Robert Half by 70.6% in 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 during the period. Finally, Brooklyn Investment Group purchased a new position in shares of Robert Half in the third quarter worth $56,000. 92.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on RHI shares. Truist Financial upgraded shares of 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. StockNews.com cut shares of Robert Half from a “buy” rating to a “hold” rating in a report on Wednesday, March 12th. Barclays upgraded shares of 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. JPMorgan Chase & Co. cut their price target on shares of Robert Half from $69.00 to $65.00 and set a “neutral” rating on the stock in a report on Thursday, January 30th. Finally, BNP Paribas upgraded shares of 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. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Robert Half has a consensus rating of “Hold” and a consensus price target of $74.92.

Robert Half Trading Up 0.7 %

Shares of RHI stock opened at $53.45 on Tuesday. Robert Half Inc. has a 12 month low of $51.55 and a 12 month high of $81.85. The stock has a market cap of $5.46 billion, a PE ratio of 21.90 and a beta of 1.22. The company’s fifty day moving average price is $62.47 and its 200-day moving average price is $67.00.

Robert Half (NYSE:RHI) last announced its 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%. On average, sell-side analysts forecast that Robert Half Inc. will post 2.48 earnings per share for the current fiscal year.

Robert Half Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Tuesday, February 25th were paid a $0.59 dividend. This is a boost from Robert Half’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $2.36 dividend on an annualized basis and a yield of 4.42%. Robert Half’s payout ratio is presently 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.