Nisa Investment Advisors LLC Acquires 205 Shares of Robert Half Inc. (NYSE:RHI)

Nisa Investment Advisors LLC boosted its holdings in shares of Robert Half Inc. (NYSE:RHI) by 0.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,716 shares of the business services provider’s stock after purchasing an additional 205 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Robert Half were worth $2,164,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Mawer Investment Management Ltd. boosted its position in shares of Robert Half by 28.9% in the third quarter. Mawer Investment Management Ltd. now owns 4,681,340 shares of the business services provider’s stock valued at $315,569,000 after acquiring an additional 1,049,005 shares during the period. FORA Capital LLC acquired a new position in Robert Half during the 3rd quarter valued at $1,792,000. JPMorgan Chase & Co. boosted its holdings in Robert Half by 20.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 270,467 shares of the business services provider’s stock valued at $18,232,000 after purchasing an additional 46,100 shares during the period. Janus Henderson Group PLC grew its position in Robert Half by 828.9% in 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 last quarter. Finally, Burford Brothers Inc. bought a new position in shares of Robert Half during the 3rd quarter worth about $679,000. Institutional investors and hedge funds own 92.41% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on RHI. BNP Paribas cut shares of Robert Half from an “outperform” rating to an “underperform” rating and set a $64.00 target price for the company. in a research note on Monday, December 16th. JPMorgan Chase & Co. reduced their price objective on Robert Half from $70.00 to $69.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Truist Financial upgraded 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 report on Friday, December 13th. Finally, Barclays raised Robert Half from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $60.00 to $80.00 in a research report on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $74.33.

Robert Half Price Performance

Robert Half stock opened at $69.85 on Monday. The business has a 50 day simple moving average of $71.92 and a 200 day simple moving average of $67.83. The company has a market capitalization of $7.21 billion, a PE ratio of 25.49 and a beta of 1.24. Robert Half Inc. has a one year low of $57.05 and a one year high of $83.25.

Robert Half Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, November 25th were issued a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 3.03%. The ex-dividend date was Monday, November 25th. Robert Half’s payout ratio is 77.37%.

Insider Buying and Selling

In other Robert Half news, Director Dirk A. Kempthorne sold 1,032 shares of the company’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $74.35, for a total transaction of $76,729.20. Following the sale, the director now directly owns 12,310 shares of the company’s stock, valued at approximately $915,248.50. This represents a 7.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.00% of the stock is currently owned by corporate insiders.

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.