Commonwealth Equity Services LLC Sells 1,346 Shares of Robert Half Inc. (NYSE:RHI)

Commonwealth Equity Services LLC reduced its position in Robert Half Inc. (NYSE:RHI) by 10.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 11,977 shares of the business services provider’s stock after selling 1,346 shares during the period. Commonwealth Equity Services LLC’s holdings in Robert Half were worth $844,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Eastern Bank purchased a new stake in shares of Robert Half during the 4th quarter valued at approximately $35,000. V Square Quantitative Management LLC lifted its position in shares of Robert Half by 70.6% during the fourth quarter. V Square Quantitative Management LLC now owns 679 shares of the business services provider’s stock worth $48,000 after acquiring an additional 281 shares in the last quarter. Friedenthal Financial purchased a new stake in shares of Robert Half during the fourth quarter worth $56,000. Smartleaf Asset Management LLC boosted its holdings in shares of Robert Half by 48.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 794 shares of the business services provider’s stock worth $56,000 after acquiring an additional 258 shares during the period. Finally, EverSource Wealth Advisors LLC grew its position in shares of Robert Half by 62.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 794 shares of the business services provider’s stock valued at $56,000 after purchasing an additional 304 shares in the last quarter. 92.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on RHI shares. BNP Paribas raised Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 price objective on the stock in a report on Monday, February 10th. StockNews.com lowered shares of Robert Half from a “buy” rating to a “hold” rating in a research report on Friday, March 21st. Truist Financial raised shares of Robert Half from a “hold” rating to a “buy” rating and upped their target price for the stock from $62.00 to $90.00 in a report on Friday, December 13th. JPMorgan Chase & Co. cut their price target 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, Barclays raised shares of Robert Half from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $60.00 to $80.00 in a report on Friday, January 3rd. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $74.92.

Robert Half Stock Performance

Robert Half stock opened at $53.96 on Wednesday. Robert Half Inc. has a fifty-two week low of $51.55 and a fifty-two week high of $78.41. The stock has a market cap of $5.51 billion, a P/E ratio of 22.12 and a beta of 1.22. The firm’s fifty day moving average price is $59.23 and its 200-day moving average price is $66.38.

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

Robert Half Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Tuesday, February 25th were given a dividend of $0.59 per share. This is a boost from Robert Half’s previous quarterly dividend of $0.53. This represents a $2.36 dividend on an annualized basis and a yield of 4.37%. The ex-dividend date of this dividend was Tuesday, February 25th. Robert Half’s dividend payout ratio (DPR) is presently 96.72%.

Robert Half Company 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.