Hutchinson Capital Management CA Sells 32,137 Shares of Robert Half Inc. (NYSE:RHI)

Hutchinson Capital Management CA decreased its stake in shares of Robert Half Inc. (NYSE:RHI) by 17.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 148,168 shares of the business services provider’s stock after selling 32,137 shares during the period. Robert Half makes up about 2.0% of Hutchinson Capital Management CA’s investment portfolio, making the stock its 24th largest holding. Hutchinson Capital Management CA owned about 0.14% of Robert Half worth $10,440,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in RHI. Private Trust Co. NA increased its position in shares of Robert Half by 79.7% during the third quarter. Private Trust Co. NA now owns 433 shares of the business services provider’s stock worth $29,000 after acquiring an additional 192 shares in the last quarter. Eastern Bank acquired a new position in Robert Half during the fourth quarter worth $35,000. V Square Quantitative Management LLC boosted its holdings in Robert Half by 70.6% during the fourth 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 during the last quarter. Venturi Wealth Management LLC boosted its holdings in Robert Half by 310.3% during the third quarter. Venturi Wealth Management LLC now owns 796 shares of the business services provider’s stock worth $54,000 after purchasing an additional 602 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new position in Robert Half during the third quarter worth $56,000. Institutional investors own 92.41% of the company’s stock.

Robert Half Price Performance

Shares of RHI stock opened at $53.06 on Friday. The stock has a market cap of $5.42 billion, a P/E ratio of 21.75 and a beta of 1.22. The company has a fifty day moving average price of $62.47 and a two-hundred day moving average price of $66.97. Robert Half Inc. has a one year low of $51.55 and a one year 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%. As a group, equities research analysts anticipate that Robert Half Inc. will post 2.48 EPS for the current fiscal year.

Robert Half Increases Dividend

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

Wall Street Analyst Weigh In

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

About Robert Half

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.