Robert Half Inc. (NYSE:RHI) Shares Bought by Jones Financial Companies Lllp

Jones Financial Companies Lllp boosted its holdings in shares of Robert Half Inc. (NYSE:RHI) by 455.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,138 shares of the business services provider’s stock after purchasing an additional 933 shares during the period. Jones Financial Companies Lllp’s holdings in Robert Half were worth $80,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. SRS Capital Advisors Inc. lifted its position in Robert Half by 291.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,750 shares of the business services provider’s stock valued at $123,000 after purchasing an additional 1,303 shares during the period. Smartleaf Asset Management LLC lifted its position in Robert Half by 48.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 794 shares of the business services provider’s stock valued at $56,000 after purchasing an additional 258 shares during the period. US Bancorp DE lifted its position in Robert Half by 18.6% during the fourth quarter. US Bancorp DE now owns 4,957 shares of the business services provider’s stock valued at $349,000 after purchasing an additional 777 shares during the period. Dynasty Wealth Management LLC purchased a new position in Robert Half in the fourth quarter valued at $609,000. Finally, Bank of New York Mellon Corp raised its position in shares of Robert Half by 8.8% in the fourth quarter. Bank of New York Mellon Corp now owns 1,160,555 shares of the business services provider’s stock worth $81,773,000 after acquiring an additional 94,125 shares during the period. 92.41% of the stock is currently owned by institutional investors and hedge funds.

Robert Half Stock Up 2.1 %

RHI stock opened at $53.06 on Monday. The firm has a 50-day simple moving average of $62.47 and a 200-day simple moving average of $67.00. The stock has a market capitalization of $5.42 billion, a P/E ratio of 21.75 and a beta of 1.22. Robert Half Inc. has a 52 week low of $51.55 and a 52 week high of $81.85.

Robert Half (NYSE:RHI) last issued its 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 expect that Robert Half Inc. will post 2.48 earnings per share for the current year.

Robert Half Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Tuesday, February 25th were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 4.45%. This is a positive change from Robert Half’s previous quarterly dividend of $0.53. The ex-dividend date was Tuesday, February 25th. Robert Half’s dividend payout ratio (DPR) is 96.72%.

Wall Street Analyst Weigh In

RHI has been the topic of a number of analyst reports. Barclays upgraded 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 report on Friday, January 3rd. JPMorgan Chase & Co. cut their price objective on Robert Half from $69.00 to $65.00 and set a “neutral” rating for the company in a research report on Thursday, January 30th. BNP Paribas upgraded Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 target price on the stock in a research report on Monday, February 10th. StockNews.com cut shares of Robert Half from a “buy” rating to a “hold” rating in a research note on Wednesday, March 12th. Finally, Truist Financial raised shares of Robert Half from a “hold” rating to a “buy” rating and increased their price objective for the company from $62.00 to $90.00 in a report on Friday, December 13th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price 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.