Robert Half Inc. (NYSE:RHI) Shares Sold by Assetmark Inc.

Assetmark Inc. lowered its position in shares of Robert Half Inc. (NYSE:RHI) by 33.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,443 shares of the business services provider’s stock after selling 737 shares during the period. Assetmark Inc.’s holdings in Robert Half were worth $102,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in RHI. Exchange Traded Concepts LLC lifted its position in shares of Robert Half by 1.4% during the 4th quarter. Exchange Traded Concepts LLC now owns 12,326 shares of the business services provider’s stock worth $868,000 after purchasing an additional 166 shares during the last quarter. Fifth Third Wealth Advisors LLC lifted its position in shares of Robert Half by 5.8% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 3,355 shares of the business services provider’s stock worth $236,000 after purchasing an additional 183 shares during the last quarter. Private Trust Co. NA lifted its position in shares of Robert Half by 79.7% during the 3rd quarter. Private Trust Co. NA now owns 433 shares of the business services provider’s stock worth $29,000 after purchasing an additional 192 shares during the last quarter. Nisa Investment Advisors LLC lifted its position 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 last quarter. Finally, M&T Bank Corp lifted 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. Institutional investors and hedge funds own 92.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. BNP Paribas raised shares of Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 price objective for the company in a research report on Monday, February 10th. Truist Financial raised shares of Robert Half from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $62.00 to $90.00 in a research report on Friday, December 13th. Barclays upgraded shares of Robert Half from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $60.00 to $80.00 in a research note 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 note on Thursday, January 30th. Finally, StockNews.com lowered shares of Robert Half from a “buy” rating to a “hold” rating in a research note on Wednesday. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Robert Half currently has an average rating of “Hold” and an average price target of $74.92.

Robert Half Stock Performance

NYSE RHI opened at $53.06 on Friday. The firm has a market cap of $5.42 billion, a PE ratio of 21.75 and a beta of 1.22. Robert Half Inc. has a one year low of $51.55 and a one year high of $81.85. The firm’s fifty day moving average is $62.81 and its two-hundred day moving average is $67.02.

Robert Half (NYSE:RHI) last posted its quarterly earnings data 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%. Research 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. Stockholders of record on Tuesday, February 25th were issued a $0.59 dividend. This is an increase 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 dividend yield of 4.45%. Robert Half’s payout ratio is presently 96.72%.

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.