Invesco Ltd. Has $36.29 Million Position in Robert Half Inc. (NYSE:RHI)

Invesco Ltd. raised its stake in Robert Half Inc. (NYSE:RHI) by 30.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 515,031 shares of the business services provider’s stock after buying an additional 119,443 shares during the quarter. Invesco Ltd.’s holdings in Robert Half were worth $36,289,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Robert Half by 613.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 364 shares of the business services provider’s stock worth $25,000 after acquiring an additional 313 shares during the last quarter. Headlands Technologies LLC purchased a new position in Robert Half in the fourth quarter valued at about $26,000. Signaturefd LLC grew its stake in Robert Half by 121.3% in the fourth quarter. Signaturefd LLC now owns 436 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 239 shares in the last quarter. Eastern Bank acquired a new position in Robert Half in the 4th quarter worth about $35,000. Finally, V Square Quantitative Management LLC raised its stake in shares of Robert Half by 70.6% during the 4th quarter. V Square Quantitative Management LLC now owns 679 shares of the business services provider’s stock worth $48,000 after purchasing an additional 281 shares in the last quarter. Hedge funds and other institutional investors own 92.41% of the company’s stock.

Robert Half Trading Down 0.6 %

NYSE RHI opened at $48.03 on Thursday. Robert Half Inc. has a 1 year low of $44.97 and a 1 year high of $78.41. The company has a fifty day simple moving average of $54.75 and a 200 day simple moving average of $64.93. The company has a market cap of $4.91 billion, a P/E ratio of 19.68 and a beta of 1.13.

Robert Half (NYSE:RHI) last released 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%. Equities research 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. Shareholders of record on Tuesday, February 25th were issued a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $2.36 dividend on an annualized basis and a yield of 4.91%. This is a positive change from Robert Half’s previous quarterly dividend of $0.53. Robert Half’s dividend payout ratio (DPR) is 96.72%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. StockNews.com downgraded Robert Half from a “buy” rating to a “hold” rating in a report on Tuesday. BNP Paribas upgraded shares of Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 price target on the stock in a research note 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 on the stock in a report on Thursday, January 30th. Truist Financial decreased their price objective on shares of Robert Half from $90.00 to $60.00 and set a “buy” rating for the company in a report on Tuesday. Finally, Barclays cut their target price on Robert Half from $80.00 to $50.00 and set an “equal weight” rating on the stock in a report on Thursday, April 10th. Four research 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 company presently has a consensus rating of “Hold” and a consensus price target of $64.92.

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.