Atria Investments Inc Boosts Holdings in Robert Half Inc. (NYSE:RHI)

Atria Investments Inc raised its holdings in Robert Half Inc. (NYSE:RHI) by 35.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,168 shares of the business services provider’s stock after purchasing an additional 1,093 shares during the period. Atria Investments Inc’s holdings in Robert Half were worth $294,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Mawer Investment Management Ltd. boosted its stake in shares of Robert Half by 28.9% during the third 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 last quarter. FORA Capital LLC purchased a new position in Robert Half in the 3rd quarter valued at about $1,792,000. Van ECK Associates Corp boosted its stake in shares of Robert Half by 24.1% during the 4th quarter. Van ECK Associates Corp now owns 85,878 shares of the business services provider’s stock worth $6,051,000 after purchasing an additional 16,668 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Robert Half by 347.9% during the fourth quarter. SG Americas Securities LLC now owns 16,586 shares of the business services provider’s stock worth $1,169,000 after buying an additional 12,883 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its position 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 valued at $56,000 after buying an additional 258 shares during the last quarter. Hedge funds and other institutional investors own 92.41% of the company’s stock.

Robert Half Trading Up 0.7 %

RHI stock opened at $53.45 on Tuesday. The company has a market cap of $5.46 billion, a PE ratio of 21.90 and a beta of 1.22. The stock has a 50-day moving average price of $62.47 and a two-hundred day moving average price of $67.00. Robert Half Inc. has a 12-month low of $51.55 and a 12-month high of $81.85.

Robert Half (NYSE:RHI) last posted its earnings results 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 return on equity of 17.20% and a net margin of 4.34%. 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 was paid on Friday, March 14th. Investors of record on Tuesday, February 25th were issued 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 was Tuesday, February 25th. This represents a $2.36 annualized dividend and a dividend yield of 4.42%. Robert Half’s payout ratio is presently 96.72%.

Analysts Set New Price Targets

Several brokerages have weighed in on RHI. BNP Paribas upgraded Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 price target for the company in a report on Monday, February 10th. Truist Financial upgraded Robert Half from a “hold” rating to a “buy” rating and upped their target price for the company from $62.00 to $90.00 in a research note on Friday, December 13th. JPMorgan Chase & Co. reduced their target price on Robert Half from $69.00 to $65.00 and set a “neutral” rating on the stock in a research report on Thursday, January 30th. Barclays upgraded Robert Half from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $60.00 to $80.00 in a report on Friday, January 3rd. Finally, StockNews.com lowered shares of Robert Half from a “buy” rating to a “hold” rating in a report on Wednesday, March 12th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Robert Half presently has an average rating of “Hold” and an average target price of $74.92.

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.