Smartleaf Asset Management LLC Grows Stock Holdings in Robert Half Inc. (NYSE:RHI)

Smartleaf Asset Management LLC raised its position in Robert Half Inc. (NYSE:RHI) by 48.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 794 shares of the business services provider’s stock after acquiring an additional 258 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Robert Half were worth $56,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of RHI. State of New Jersey Common Pension Fund D increased its position in shares of Robert Half by 0.9% in the third quarter. State of New Jersey Common Pension Fund D now owns 30,957 shares of the business services provider’s stock valued at $2,087,000 after acquiring an additional 290 shares during the period. Venturi Wealth Management LLC increased its position in shares of Robert Half by 310.3% during the third quarter. Venturi Wealth Management LLC now owns 796 shares of the business services provider’s stock valued at $54,000 after buying an additional 602 shares during the period. WCM Investment Management LLC increased its position in shares of Robert Half by 345.1% during the third quarter. WCM Investment Management LLC now owns 18,735 shares of the business services provider’s stock valued at $1,262,000 after buying an additional 14,526 shares during the period. Ashton Thomas Private Wealth LLC increased its position in shares of Robert Half by 79.6% during the third quarter. Ashton Thomas Private Wealth LLC now owns 12,813 shares of the business services provider’s stock valued at $864,000 after buying an additional 5,679 shares during the period. Finally, Victory Capital Management Inc. increased its position in shares of Robert Half by 32.7% during the third quarter. Victory Capital Management Inc. now owns 613,752 shares of the business services provider’s stock valued at $41,373,000 after buying an additional 151,261 shares during the period. Hedge funds and other institutional investors own 92.41% of the company’s stock.

Robert Half Stock Performance

Shares of NYSE RHI opened at $54.49 on Tuesday. The company has a 50 day simple moving average of $64.13 and a two-hundred day simple moving average of $67.35. Robert Half Inc. has a fifty-two week low of $53.53 and a fifty-two week high of $81.85. The company has a market capitalization of $5.57 billion, a price-to-earnings ratio of 22.33 and a beta of 1.22.

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

Robert Half Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Tuesday, February 25th will be issued a dividend of $0.59 per share. This is a boost from Robert Half’s previous quarterly dividend of $0.53. The ex-dividend date is Tuesday, February 25th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 4.33%. Robert Half’s dividend payout ratio is presently 96.72%.

Analyst Ratings Changes

Several equities analysts recently issued reports on RHI shares. BNP Paribas upgraded shares of Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 price target on the stock in a research report on Monday, February 10th. JPMorgan Chase & Co. reduced 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. StockNews.com upgraded shares of Robert Half from a “hold” rating to a “buy” rating in a research report on Thursday, February 27th. Truist Financial upgraded shares of Robert Half from a “hold” rating to a “buy” rating and upped their price objective for the stock from $62.00 to $90.00 in a report on Friday, December 13th. Finally, Barclays raised shares of Robert Half from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $60.00 to $80.00 in a research note on Friday, January 3rd. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $74.92.

About Robert Half

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.