Robert Half Inc. (NYSE:RHI) Shares Purchased by Jones Financial Companies Lllp

Jones Financial Companies Lllp increased its position in shares of Robert Half Inc. (NYSE:RHI) by 455.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,138 shares of the business services provider’s stock after acquiring an additional 933 shares during the quarter. Jones Financial Companies Lllp’s holdings in Robert Half were worth $80,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Exchange Traded Concepts LLC lifted its holdings in Robert Half by 1.4% in the fourth quarter. Exchange Traded Concepts LLC now owns 12,326 shares of the business services provider’s stock valued at $868,000 after acquiring an additional 166 shares during the last quarter. Fifth Third Wealth Advisors LLC raised its position in Robert Half by 5.8% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 3,355 shares of the business services provider’s stock valued at $236,000 after purchasing an additional 183 shares during the period. Private Trust Co. NA lifted its stake in shares of Robert Half by 79.7% in the 3rd quarter. Private Trust Co. NA now owns 433 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 192 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Robert Half by 0.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 30,716 shares of the business services provider’s stock worth $2,164,000 after purchasing an additional 205 shares during the period. Finally, M&T Bank Corp increased its position in shares of Robert Half by 3.7% during the 3rd quarter. M&T Bank Corp now owns 6,419 shares of the business services provider’s stock worth $432,000 after purchasing an additional 227 shares during the last quarter. 92.41% of the stock is owned by hedge funds and other institutional investors.

Robert Half Trading Up 2.1 %

Robert Half stock opened at $53.06 on Monday. The firm has a market capitalization of $5.42 billion, a P/E ratio of 21.75 and a beta of 1.22. Robert Half Inc. has a twelve month low of $51.55 and a twelve month high of $81.85. The stock’s fifty day simple moving average is $62.47 and its 200-day simple moving average is $67.00.

Robert Half (NYSE:RHI) last issued its quarterly earnings results on Wednesday, January 29th. The business services provider reported $0.53 earnings per share 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%. Sell-side analysts predict that Robert Half Inc. will post 2.48 earnings per share for the current year.

Robert Half Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Tuesday, February 25th were issued a $0.59 dividend. This is a boost from Robert Half’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $2.36 annualized dividend and a yield of 4.45%. Robert Half’s dividend payout ratio (DPR) is 96.72%.

Wall Street Analysts Forecast Growth

RHI has been the subject of a number of recent analyst reports. Barclays upgraded shares of Robert Half from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $60.00 to $80.00 in a research report on Friday, January 3rd. BNP Paribas upgraded shares of Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 target price for the company in a report on Monday, February 10th. JPMorgan Chase & Co. lowered their price target on Robert Half from $69.00 to $65.00 and set a “neutral” rating for the company in a research report on Thursday, January 30th. Truist Financial raised Robert Half from a “hold” rating to a “buy” rating and lifted their price objective for the company from $62.00 to $90.00 in a research note on Friday, December 13th. Finally, StockNews.com lowered Robert Half from a “buy” rating to a “hold” rating in a research note on Wednesday, March 12th. Four research 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 currently has an average rating of “Hold” and a consensus target price 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.