Cullen Frost Bankers Inc. Sells 317 Shares of Robert Half Inc. (NYSE:RHI)

Cullen Frost Bankers Inc. lessened its stake in Robert Half Inc. (NYSE:RHI) by 30.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 723 shares of the business services provider’s stock after selling 317 shares during the period. Cullen Frost Bankers Inc.’s holdings in Robert Half were worth $51,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Mawer Investment Management Ltd. grew its position in shares of 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 buying an additional 1,049,005 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Robert Half by 4.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,433,585 shares of the business services provider’s stock valued at $241,930,000 after purchasing an additional 148,577 shares during the period. Jacobs Levy Equity Management Inc. lifted its stake in shares of Robert Half by 20.1% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,343,030 shares of the business services provider’s stock valued at $90,534,000 after purchasing an additional 225,210 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Robert Half by 8.8% in the 4th quarter. Bank of New York Mellon Corp now owns 1,160,555 shares of the business services provider’s stock valued at $81,773,000 after purchasing an additional 94,125 shares during the period. Finally, Pzena Investment Management LLC lifted its stake in shares of Robert Half by 41.9% in the 3rd quarter. Pzena Investment Management LLC now owns 1,027,683 shares of the business services provider’s stock valued at $69,276,000 after purchasing an additional 303,421 shares during the period. Institutional investors own 92.41% of the company’s stock.

Robert Half Stock Performance

RHI stock opened at $54.74 on Monday. The stock’s 50 day simple moving average is $64.13 and its 200 day simple moving average is $67.32. Robert Half Inc. has a fifty-two week low of $53.53 and a fifty-two week high of $81.86. The company has a market cap of $5.59 billion, a P/E ratio of 22.44 and a beta of 1.22.

Robert Half (NYSE:RHI) last posted its quarterly earnings results 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%. Equities analysts predict that Robert Half Inc. will post 2.48 earnings per share for the current year.

Robert Half Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Tuesday, February 25th will be issued a dividend of $0.59 per share. This is a positive change from Robert Half’s previous quarterly dividend of $0.53. This represents a $2.36 dividend on an annualized basis and a yield of 4.31%. The ex-dividend date of this dividend is Tuesday, February 25th. Robert Half’s payout ratio is currently 96.72%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. StockNews.com raised Robert Half from a “hold” rating to a “buy” rating in a research note on Thursday, February 27th. Truist Financial raised Robert Half from a “hold” rating to a “buy” rating and boosted their price objective for the company from $62.00 to $90.00 in a research note on Friday, December 13th. BNP Paribas raised 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. Barclays raised Robert Half from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $60.00 to $80.00 in a research note on Friday, January 3rd. Finally, JPMorgan Chase & Co. dropped their price target on Robert Half from $69.00 to $65.00 and set a “neutral” rating on the stock in a research note on Thursday, January 30th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Robert Half presently has a consensus rating of “Moderate Buy” and an average price target of $74.92.

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.