V Square Quantitative Management LLC Acquires 281 Shares of Robert Half Inc. (NYSE:RHI)

V Square Quantitative Management LLC grew its holdings in Robert Half Inc. (NYSE:RHI) by 70.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 679 shares of the business services provider’s stock after purchasing an additional 281 shares during the period. V Square Quantitative Management LLC’s holdings in Robert Half were worth $48,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Mawer Investment Management Ltd. raised its holdings in Robert Half by 28.9% during 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 acquiring an additional 1,049,005 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Robert Half by 5.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,285,008 shares of the business services provider’s stock valued at $221,442,000 after purchasing an additional 159,750 shares during the period. Jacobs Levy Equity Management Inc. lifted its holdings 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 in the last quarter. Pzena Investment Management LLC boosted its stake in Robert Half by 41.9% in 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, Victory Capital Management Inc. grew its holdings in Robert Half by 32.7% during the 3rd 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 in the last quarter. 92.41% of the stock is currently owned by hedge funds and other institutional investors.

Robert Half Stock Performance

NYSE RHI opened at $60.12 on Tuesday. Robert Half Inc. has a 52-week low of $57.05 and a 52-week high of $83.25. The company has a fifty day moving average of $68.26 and a 200-day moving average of $67.65. The company has a market capitalization of $6.21 billion, a P/E ratio of 24.64 and a beta of 1.23.

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%. As a group, analysts forecast that Robert Half Inc. will post 2.53 EPS for the current fiscal year.

Robert Half Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Tuesday, February 25th will be 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 3.93%. The ex-dividend date is Tuesday, February 25th. Robert Half’s dividend payout ratio (DPR) is presently 86.89%.

Analyst Upgrades and Downgrades

A number of 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 target on the stock in a report on Monday, February 10th. 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. Truist Financial upgraded shares of Robert Half from a “hold” rating to a “buy” rating and boosted their price target for the company from $62.00 to $90.00 in a research report on Friday, December 13th. Finally, Barclays upgraded Robert Half from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $60.00 to $80.00 in a research report on Friday, January 3rd. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $74.92.

Insiders Place Their Bets

In other news, Director Dirk A. Kempthorne sold 1,032 shares of the company’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $74.35, for a total value of $76,729.20. Following the completion of the sale, the director now owns 12,310 shares of the company’s stock, valued at approximately $915,248.50. This represents a 7.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.00% of the company’s stock.

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.