Robert Half Inc. (NYSE:RHI) Shares Bought by US Bancorp DE

US Bancorp DE lifted its stake in Robert Half Inc. (NYSE:RHI) by 18.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 4,957 shares of the business services provider’s stock after acquiring an additional 777 shares during the quarter. US Bancorp DE’s holdings in Robert Half were worth $349,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Mawer Investment Management Ltd. increased its position in shares of Robert Half by 28.9% in the 3rd quarter. Mawer Investment Management Ltd. now owns 4,681,340 shares of the business services provider’s stock valued at $315,569,000 after purchasing an additional 1,049,005 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in Robert Half during the 3rd quarter worth $41,096,000. Janus Henderson Group PLC boosted its stake in Robert Half by 828.9% during 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 period. Pzena Investment Management LLC boosted its stake in 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 purchasing an additional 303,421 shares during the period. Finally, Jacobs Levy Equity Management Inc. boosted its stake 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 purchasing an additional 225,210 shares during the period. 92.41% of the stock is owned by hedge funds and other institutional investors.

Robert Half Stock Down 1.9 %

Shares of RHI stock opened at $52.03 on Friday. The stock has a market cap of $5.32 billion, a price-to-earnings ratio of 21.32 and a beta of 1.22. The firm’s 50 day moving average price is $63.14 and its two-hundred day moving average price is $67.13. Robert Half Inc. has a fifty-two week low of $51.55 and a fifty-two week high of $81.85.

Robert Half (NYSE:RHI) last posted its quarterly earnings data 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, equities analysts forecast that Robert Half Inc. will post 2.48 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. Shareholders of record on Tuesday, February 25th will be paid a dividend of $0.59 per share. This is a positive change from Robert Half’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Tuesday, February 25th. This represents a $2.36 annualized dividend and a yield of 4.54%. Robert Half’s payout ratio is presently 96.72%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on RHI shares. Barclays upgraded shares of 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 note on Friday, January 3rd. Truist Financial upgraded shares of Robert Half from a “hold” rating to a “buy” rating and increased their price target for the company from $62.00 to $90.00 in a report on Friday, December 13th. StockNews.com downgraded shares of Robert Half from a “buy” rating to a “hold” rating in a report on Wednesday. JPMorgan Chase & Co. dropped their target price on shares of Robert Half from $69.00 to $65.00 and set a “neutral” rating for the company in a report on Thursday, January 30th. Finally, 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. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Robert Half currently has an average 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.