Xponance Inc. Acquires 936 Shares of Robert Half Inc. (NYSE:RHI)

Xponance Inc. lifted its stake in Robert Half Inc. (NYSE:RHI) by 17.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,195 shares of the business services provider’s stock after purchasing an additional 936 shares during the period. Xponance Inc.’s holdings in Robert Half were worth $436,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. FORA Capital LLC bought a new position in Robert Half in the 3rd quarter worth about $1,792,000. Van ECK Associates Corp grew its stake in Robert Half by 24.1% in the fourth quarter. Van ECK Associates Corp now owns 85,878 shares of the business services provider’s stock worth $6,051,000 after purchasing an additional 16,668 shares in the last quarter. SG Americas Securities LLC increased its holdings in Robert Half by 347.9% during the 4th quarter. SG Americas Securities LLC now owns 16,586 shares of the business services provider’s stock worth $1,169,000 after purchasing an additional 12,883 shares during the period. Smartleaf Asset Management LLC raised its position in Robert Half by 48.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 794 shares of the business services provider’s stock valued at $56,000 after purchasing an additional 258 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Robert Half by 20.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 270,467 shares of the business services provider’s stock worth $18,232,000 after buying an additional 46,100 shares during the period. Hedge funds and other institutional investors own 92.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Barclays upgraded Robert Half from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $60.00 to $80.00 in a research note on Friday, January 3rd. StockNews.com lowered shares of Robert Half from a “buy” rating to a “hold” rating in a report on Friday, March 21st. BNP Paribas upgraded shares of 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. Truist Financial raised shares of 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 note on Friday, December 13th. Finally, JPMorgan Chase & Co. dropped their target price 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. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Robert Half presently has an average rating of “Hold” and a consensus price target of $74.92.

Robert Half Stock Up 1.0 %

NYSE:RHI opened at $53.96 on Thursday. The firm has a 50 day moving average of $60.53 and a 200 day moving average of $66.60. Robert Half Inc. has a 52 week low of $51.55 and a 52 week high of $79.77. The stock has a market capitalization of $5.51 billion, a price-to-earnings ratio of 22.11 and a beta of 1.22.

Robert Half (NYSE:RHI) last posted its quarterly earnings data 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%. As a group, analysts expect that Robert Half Inc. will post 2.48 EPS for the current year.

Robert Half Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Tuesday, February 25th were given a $0.59 dividend. This is a positive change from Robert Half’s previous quarterly dividend of $0.53. This represents a $2.36 annualized dividend and a dividend yield of 4.37%. The ex-dividend date was Tuesday, February 25th. Robert Half’s dividend payout ratio (DPR) is presently 96.72%.

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.