Headlands Technologies LLC Invests $26,000 in Robert Half Inc. (NYSE:RHI)

Headlands Technologies LLC purchased a new stake in shares of Robert Half Inc. (NYSE:RHI) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 369 shares of the business services provider’s stock, valued at approximately $26,000.

Other large investors have also added to or reduced their stakes in the company. Geode Capital Management LLC boosted its position in Robert Half by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 2,109,561 shares of the business services provider’s stock valued at $148,677,000 after buying an additional 53,294 shares during the last quarter. OLD Mission Capital LLC purchased a new position in Robert Half in the fourth quarter valued at about $2,779,000. Summit Financial LLC acquired a new stake in Robert Half during the 4th quarter valued at approximately $306,000. Alliancebernstein L.P. increased its holdings in Robert Half by 0.5% during the 4th quarter. Alliancebernstein L.P. now owns 3,217,999 shares of the business services provider’s stock worth $226,740,000 after purchasing an additional 17,338 shares during the last quarter. Finally, Wellington Management Group LLP raised its position in shares of Robert Half by 293.3% in the 4th quarter. Wellington Management Group LLP now owns 831,359 shares of the business services provider’s stock valued at $58,578,000 after purchasing an additional 619,982 shares in the last quarter. 92.41% of the stock is owned by institutional investors and hedge funds.

Robert Half Trading Down 2.1 %

NYSE:RHI opened at $46.34 on Wednesday. The stock has a 50 day moving average of $56.34 and a 200-day moving average of $65.65. The firm has a market capitalization of $4.74 billion, a PE ratio of 18.99 and a beta of 1.13. Robert Half Inc. has a 52 week low of $44.97 and a 52 week high of $78.41.

Robert Half (NYSE:RHI) last issued its earnings results 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, analysts predict 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 was paid on Friday, March 14th. Shareholders of record on Tuesday, February 25th were paid a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $2.36 annualized dividend and a dividend yield of 5.09%. This is a positive change from Robert Half’s previous quarterly dividend of $0.53. Robert Half’s dividend payout ratio (DPR) is presently 96.72%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on RHI shares. Barclays upgraded shares of Robert Half from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $60.00 to $80.00 in a research note on Friday, January 3rd. BNP Paribas upgraded shares of Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 target price on the stock in a research note on Monday, February 10th. StockNews.com upgraded Robert Half from a “hold” rating to a “buy” rating in a research note on Monday. Truist Financial upgraded Robert Half from a “hold” rating to a “buy” rating and upped their price objective for the company from $62.00 to $90.00 in a research note on Friday, December 13th. Finally, JPMorgan Chase & Co. decreased their target price on Robert Half from $69.00 to $65.00 and set a “neutral” rating for the company in a research report on Thursday, January 30th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” 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.