Shayne & Jacobs LLC Sells 2,040 Shares of Robert Half Inc. (NYSE:RHI)

Shayne & Jacobs LLC trimmed its stake in shares of Robert Half Inc. (NYSE:RHI) by 4.8% during the fourth quarter, Holdings Channel reports. The firm owned 40,763 shares of the business services provider’s stock after selling 2,040 shares during the period. Robert Half comprises 0.8% of Shayne & Jacobs LLC’s holdings, making the stock its 20th biggest holding. Shayne & Jacobs LLC’s holdings in Robert Half were worth $2,872,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of RHI. Private Trust Co. NA grew its position in Robert Half by 79.7% in the third quarter. Private Trust Co. NA now owns 433 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 192 shares during the period. Reston Wealth Management LLC bought a new stake in shares of Robert Half in the 3rd quarter worth about $34,000. Eastern Bank acquired a new stake in shares of Robert Half during the 4th quarter worth about $35,000. V Square Quantitative Management LLC lifted its holdings in Robert Half by 70.6% during the 4th quarter. V Square Quantitative Management LLC now owns 679 shares of the business services provider’s stock valued at $48,000 after purchasing an additional 281 shares during the last quarter. Finally, Friedenthal Financial bought a new stake in Robert Half during the fourth quarter worth about $56,000. 92.41% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on RHI. BNP Paribas upgraded shares of Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 price objective for the company in a research report on Monday, February 10th. JPMorgan Chase & Co. reduced their price objective on Robert Half from $69.00 to $65.00 and set a “neutral” rating on the stock in a report on Thursday, January 30th. Truist Financial raised 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 research note on Friday, December 13th. Finally, Barclays raised Robert Half from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $60.00 to $80.00 in a research note on Friday, January 3rd. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Robert Half has an average rating of “Hold” and a consensus price target of $74.92.

Robert Half Stock Performance

Shares of NYSE:RHI opened at $59.70 on Wednesday. The company has a 50 day moving average price of $66.45 and a two-hundred day moving average price of $67.59. The company has a market capitalization of $6.10 billion, a PE ratio of 24.47 and a beta of 1.23. Robert Half Inc. has a 52 week low of $57.05 and a 52 week high of $83.25.

Robert Half (NYSE:RHI) last released its earnings results on Wednesday, January 29th. The business services provider reported $0.53 earnings per share (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 year.

Robert Half Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Tuesday, February 25th will be given a dividend of $0.59 per share. This is a positive change from Robert Half’s previous quarterly dividend of $0.53. The ex-dividend date is Tuesday, February 25th. This represents a $2.36 annualized dividend and a dividend yield of 3.95%. Robert Half’s dividend payout ratio (DPR) is currently 96.72%.

About Robert Half

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.