Cardinal Capital Management Buys 408 Shares of Robert Half Inc. (NYSE:RHI)

Cardinal Capital Management boosted its stake in Robert Half Inc. (NYSE:RHI) by 1.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,509 shares of the business services provider’s stock after acquiring an additional 408 shares during the quarter. Cardinal Capital Management’s holdings in Robert Half were worth $2,572,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Mawer Investment Management Ltd. boosted its position in shares of Robert Half by 28.9% during the third quarter. Mawer Investment Management Ltd. now owns 4,681,340 shares of the business services provider’s stock worth $315,569,000 after buying an additional 1,049,005 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Robert Half by 5.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,285,008 shares of the business services provider’s stock valued at $221,442,000 after acquiring an additional 159,750 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its position in Robert Half by 20.1% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,343,030 shares of the business services provider’s stock worth $90,534,000 after acquiring an additional 225,210 shares during the last quarter. 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 acquiring an additional 303,421 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of Robert Half by 32.7% during the 3rd quarter. Victory Capital Management Inc. now owns 613,752 shares of the business services provider’s stock worth $41,373,000 after acquiring an additional 151,261 shares in the last quarter. 92.41% of the stock is owned by institutional investors and hedge funds.

Robert Half Trading Up 3.0 %

NYSE RHI opened at $60.12 on Tuesday. The firm has a market capitalization of $6.21 billion, a P/E ratio of 24.64 and a beta of 1.23. The firm’s fifty day moving average price is $68.26 and its two-hundred day moving average price is $67.65. Robert Half Inc. has a 1 year low of $57.05 and a 1 year high of $83.25.

Robert Half (NYSE:RHI) last issued 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, research analysts anticipate that Robert Half Inc. will post 2.53 EPS for the current fiscal year.

Robert Half Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Tuesday, February 25th will be issued a dividend of $0.59 per share. The ex-dividend date is Tuesday, February 25th. 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 dividend yield of 3.93%. Robert Half’s payout ratio is presently 86.89%.

Insider Activity at Robert Half

In other news, Director Dirk A. Kempthorne sold 1,032 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $74.35, for a total transaction of $76,729.20. Following the completion of the sale, the director now owns 12,310 shares in the company, valued at $915,248.50. The trade was a 7.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on RHI shares. Barclays raised shares of Robert Half from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $60.00 to $80.00 in a research report on Friday, January 3rd. JPMorgan Chase & Co. cut their price target on shares of Robert Half from $69.00 to $65.00 and set a “neutral” rating on the stock in a research report on Thursday, January 30th. BNP Paribas upgraded Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 price objective for the company in a report on Monday, February 10th. Finally, 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 report on Friday, December 13th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Robert Half presently 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.