Robert Half Inc. (NYSE:RHI) Position Cut by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS trimmed its holdings in Robert Half Inc. (NYSE:RHI) by 0.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 21,667 shares of the business services provider’s stock after selling 199 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Robert Half were worth $1,527,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of the business. Boston Partners raised its stake in shares of Robert Half by 17.5% in the 4th quarter. Boston Partners now owns 8,554,276 shares of the business services provider’s stock worth $602,867,000 after buying an additional 1,271,237 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Robert Half during the third quarter worth $41,096,000. Janus Henderson Group PLC lifted its holdings in shares of Robert Half by 828.9% during the third quarter. Janus Henderson Group PLC now owns 463,570 shares of the business services provider’s stock valued at $31,249,000 after purchasing an additional 413,664 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its position 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. Finally, Raymond James Financial Inc. purchased a new position in Robert Half in the 4th quarter worth about $15,491,000. Institutional investors own 92.41% of the company’s stock.

Robert Half Stock Down 2.6 %

RHI stock opened at $53.45 on Wednesday. The company has a 50 day moving average of $60.84 and a two-hundred day moving average of $66.65. The company has a market cap of $5.46 billion, a price-to-earnings ratio of 21.91 and a beta of 1.22. Robert Half Inc. has a 12-month low of $51.55 and a 12-month high of $79.77.

Robert Half (NYSE:RHI) last announced its quarterly earnings data 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%. On average, research analysts anticipate that Robert Half Inc. will post 2.48 EPS for the current year.

Robert Half Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Tuesday, February 25th were paid a $0.59 dividend. This is a boost from Robert Half’s previous quarterly dividend of $0.53. The ex-dividend date was Tuesday, February 25th. This represents a $2.36 annualized dividend and a dividend yield of 4.42%. Robert Half’s payout ratio is presently 96.72%.

Analyst Upgrades and Downgrades

A number of analysts have commented on RHI shares. Barclays raised shares of Robert Half from an “underweight” rating to an “equal weight” rating and upped their price objective 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. Truist Financial raised shares of Robert Half from a “hold” rating to a “buy” rating and raised their price objective for the stock from $62.00 to $90.00 in a research note on Friday, December 13th. BNP Paribas raised 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. Finally, JPMorgan Chase & Co. reduced their target price on Robert Half from $69.00 to $65.00 and set a “neutral” rating for the company in a report on Thursday, January 30th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Robert Half has a consensus rating of “Hold” 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.