EverSource Wealth Advisors LLC Acquires 304 Shares of Robert Half Inc. (NYSE:RHI)

EverSource Wealth Advisors LLC increased its holdings in Robert Half Inc. (NYSE:RHI) by 62.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 794 shares of the business services provider’s stock after purchasing an additional 304 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Robert Half were worth $56,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Private Trust Co. NA boosted its position in Robert Half by 79.7% during the third quarter. Private Trust Co. NA now owns 433 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 192 shares during the last quarter. Eastern Bank bought a new stake in Robert Half during the fourth quarter valued at $35,000. V Square Quantitative Management LLC boosted its position 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 valued at $48,000 after acquiring an additional 281 shares during the last quarter. Brooklyn Investment Group bought a new stake in Robert Half during the third quarter valued at $56,000. Finally, Friedenthal Financial bought a new stake in Robert Half during the fourth quarter valued at $56,000. Institutional investors own 92.41% of the company’s stock.

Robert Half Trading Up 0.9 %

Shares of NYSE RHI opened at $54.54 on Thursday. Robert Half Inc. has a 1-year low of $51.55 and a 1-year high of $81.85. The firm has a market capitalization of $5.57 billion, a P/E ratio of 22.35 and a beta of 1.22. The firm’s 50-day moving average price is $61.85 and its 200-day moving average price is $66.87.

Robert Half (NYSE:RHI) last posted its earnings results on Wednesday, January 29th. The business services provider reported $0.53 earnings per share 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 research analysts forecast that Robert Half Inc. will post 2.48 EPS for the current 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 $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 4.33%. The ex-dividend date was Tuesday, February 25th. This is a positive change from Robert Half’s previous quarterly dividend of $0.53. Robert Half’s dividend payout ratio is currently 96.72%.

Wall Street Analyst Weigh In

A number of analysts have commented on RHI shares. StockNews.com cut shares of Robert Half from a “buy” rating to a “hold” rating in a research report on Wednesday, March 12th. Barclays raised shares of Robert Half from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $60.00 to $80.00 in a research 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 price objective on the stock in a report on Monday, February 10th. Truist Financial upgraded shares of Robert Half from a “hold” rating to a “buy” rating and upped their price objective for the company from $62.00 to $90.00 in a report on Friday, December 13th. Finally, 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. Four 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.com, the stock has a consensus rating of “Hold” and a consensus target price 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.