Robert Half Inc. (NYSE:RHI) Stock Position Raised by Signaturefd LLC

Signaturefd LLC increased its holdings in shares of Robert Half Inc. (NYSE:RHI) by 121.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 436 shares of the business services provider’s stock after acquiring an additional 239 shares during the quarter. Signaturefd LLC’s holdings in Robert Half were worth $31,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of RHI. Exchange Traded Concepts LLC raised 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 period. Fifth Third Wealth Advisors LLC increased its position in Robert Half by 5.8% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 3,355 shares of the business services provider’s stock worth $236,000 after buying an additional 183 shares during the period. Private Trust Co. NA increased its position in Robert Half by 79.7% in the third quarter. Private Trust Co. NA now owns 433 shares of the business services provider’s stock worth $29,000 after buying an additional 192 shares during the period. Nisa Investment Advisors LLC lifted its stake in Robert Half by 0.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 30,716 shares of the business services provider’s stock valued at $2,164,000 after buying an additional 205 shares during the last quarter. Finally, M&T Bank Corp boosted its holdings in shares of Robert Half by 3.7% during the third quarter. M&T Bank Corp now owns 6,419 shares of the business services provider’s stock valued at $432,000 after acquiring an additional 227 shares during the period. Institutional investors own 92.41% of the company’s stock.

Robert Half Price Performance

Robert Half stock opened at $53.45 on Wednesday. Robert Half Inc. has a 12-month low of $51.55 and a 12-month high of $79.77. The stock has a market capitalization of $5.46 billion, a PE ratio of 21.91 and a beta of 1.22. The firm has a 50 day simple moving average of $60.84 and a 200-day simple moving average of $66.65.

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 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 forecast that Robert Half Inc. will post 2.48 earnings per share for the current fiscal year.

Robert Half Increases Dividend

The company 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. This represents a $2.36 dividend on an annualized basis and a yield of 4.42%. The ex-dividend date was Tuesday, February 25th. Robert Half’s payout ratio is presently 96.72%.

Analyst Ratings Changes

A number of research firms recently weighed in on RHI. JPMorgan Chase & Co. dropped their price objective on shares of Robert Half from $69.00 to $65.00 and set a “neutral” rating on the stock in a report on Thursday, January 30th. Truist Financial upgraded shares of Robert Half from a “hold” rating to a “buy” rating and raised their price target for the company from $62.00 to $90.00 in a research note on Friday, December 13th. BNP Paribas upgraded 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. StockNews.com cut Robert Half from a “buy” rating to a “hold” rating in a research report on Friday, March 21st. Finally, Barclays upgraded Robert Half from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $60.00 to $80.00 in a research report on Friday, January 3rd. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target 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.