Robert Half Inc. (NYSE:RHI) Shares Acquired by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lifted its stake in shares of Robert Half Inc. (NYSE:RHI) by 0.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,246,675 shares of the business services provider’s stock after purchasing an additional 2,335 shares during the period. Thrivent Financial for Lutherans’ holdings in Robert Half were worth $87,840,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in RHI. Point72 Asset Management L.P. acquired a new position in shares of Robert Half during the 3rd quarter worth $41,096,000. Janus Henderson Group PLC grew its stake in shares of Robert Half by 828.9% during the 3rd quarter. Janus Henderson Group PLC now owns 463,570 shares of the business services provider’s stock worth $31,249,000 after purchasing an additional 413,664 shares during the period. Pzena Investment Management LLC grew its stake in shares of Robert Half by 41.9% during the 3rd quarter. Pzena Investment Management LLC now owns 1,027,683 shares of the business services provider’s stock worth $69,276,000 after purchasing an additional 303,421 shares during the period. Jacobs Levy Equity Management Inc. grew its stake in 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 acquiring an additional 225,210 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Robert Half in the 4th quarter valued at about $15,491,000. 92.41% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently commented on RHI. JPMorgan Chase & Co. lowered their price objective on shares of Robert Half from $69.00 to $65.00 and set a “neutral” rating on the stock in a research note on Thursday, January 30th. BNP Paribas raised 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 increased their price objective for the company from $62.00 to $90.00 in a research note on Friday, December 13th. StockNews.com cut shares of Robert Half from a “buy” rating to a “hold” rating in a research note on Wednesday, March 12th. Finally, Barclays raised shares of Robert Half from an “underweight” rating to an “equal weight” rating and increased their price objective 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 assigned a buy rating to the stock. According to MarketBeat, Robert Half currently has a consensus rating of “Hold” and a consensus price target of $74.92.

Robert Half Price Performance

Robert Half stock opened at $54.09 on Wednesday. Robert Half Inc. has a 12-month low of $51.55 and a 12-month high of $81.85. The stock has a market capitalization of $5.53 billion, a P/E ratio of 22.17 and a beta of 1.22. The firm’s 50-day moving average is $61.85 and its two-hundred day moving average is $66.87.

Robert Half (NYSE:RHI) last released its quarterly earnings results on Wednesday, January 29th. The business services provider reported $0.53 earnings per share (EPS) 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 forecast 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. Stockholders of record on Tuesday, February 25th were 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 annualized dividend and a dividend yield of 4.36%. The ex-dividend date was Tuesday, February 25th. Robert Half’s dividend payout ratio 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.