Wells Fargo & Company MN Buys 2,615 Shares of Robert Half Inc. (NYSE:RHI)

Wells Fargo & Company MN grew its stake in shares of Robert Half Inc. (NYSE:RHI) by 3.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 69,110 shares of the business services provider’s stock after acquiring an additional 2,615 shares during the quarter. Wells Fargo & Company MN’s holdings in Robert Half were worth $4,869,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of RHI. Exchange Traded Concepts LLC grew its position in 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 valued at $868,000 after purchasing an additional 166 shares during the last quarter. Fifth Third Wealth Advisors LLC lifted its stake in shares of 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 in the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of 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 worth $2,164,000 after buying an additional 205 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in shares of Robert Half by 39.3% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 780 shares of the business services provider’s stock valued at $55,000 after buying an additional 220 shares during the last quarter. Finally, Signaturefd LLC increased its position in shares of Robert Half by 121.3% during the fourth quarter. Signaturefd LLC now owns 436 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 239 shares in the last quarter. Hedge funds and other institutional investors own 92.41% of the company’s stock.

Robert Half Stock Performance

Robert Half stock opened at $45.40 on Monday. Robert Half Inc. has a one year low of $44.97 and a one year high of $78.41. The stock has a fifty day moving average of $53.97 and a 200 day moving average of $64.49. The stock has a market cap of $4.63 billion, a PE ratio of 18.61 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 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.01). Robert Half had a net margin of 4.34% and a return on equity of 17.20%. As a group, sell-side analysts predict that Robert Half Inc. will post 2.48 EPS for the current fiscal year.

Robert Half Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Tuesday, February 25th were given a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, February 25th. This is an increase from Robert Half’s previous quarterly dividend of $0.53. This represents a $2.36 annualized dividend and a yield of 5.20%. Robert Half’s dividend payout ratio (DPR) is presently 96.72%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on RHI shares. JPMorgan Chase & Co. lowered their price objective 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 lowered their price target 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. Truist Financial reduced their price objective on Robert Half from $90.00 to $60.00 and set a “buy” rating for the company in a report on Tuesday, April 15th. BNP Paribas raised Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 target price for the company in a research report on Monday, February 10th. Finally, StockNews.com downgraded shares of Robert Half from a “buy” rating to a “hold” rating in a report on Tuesday, April 15th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $64.92.

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.