Generali Asset Management SPA SGR Invests $71,000 in Robert Half Inc. (NYSE:RHI)

Generali Asset Management SPA SGR bought a new position in Robert Half Inc. (NYSE:RHI) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,007 shares of the business services provider’s stock, valued at approximately $71,000.

A number of other institutional investors have also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. grew its stake in shares of Robert Half by 4.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,433,585 shares of the business services provider’s stock worth $241,930,000 after acquiring an additional 148,577 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its stake in shares of Robert Half by 20.1% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,343,030 shares of the business services provider’s stock worth $90,534,000 after acquiring an additional 225,210 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Robert Half by 8.8% in the fourth quarter. Bank of New York Mellon Corp now owns 1,160,555 shares of the business services provider’s stock worth $81,773,000 after acquiring an additional 94,125 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Robert Half in the third quarter worth $41,096,000. Finally, Seizert Capital Partners LLC grew its stake in shares of Robert Half by 7.4% in the fourth quarter. Seizert Capital Partners LLC now owns 587,680 shares of the business services provider’s stock worth $41,408,000 after acquiring an additional 40,596 shares during the last quarter. 92.41% of the stock is owned by hedge funds and other institutional investors.

Robert Half Stock Performance

RHI stock opened at $53.20 on Friday. Robert Half Inc. has a fifty-two week low of $51.55 and a fifty-two week high of $81.24. The business’s 50-day moving average is $61.08 and its two-hundred day moving average is $66.63. The company has a market cap of $5.44 billion, a price-to-earnings ratio of 21.80 and a beta of 1.22.

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 net margin of 4.34% and a return on equity of 17.20%. Equities analysts predict that Robert Half Inc. will post 2.48 earnings per share for the current year.

Robert Half Increases Dividend

The company 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. This is an increase from Robert Half’s previous quarterly dividend of $0.53. The ex-dividend date was Tuesday, February 25th. This represents a $2.36 dividend on an annualized basis and a yield of 4.44%. Robert Half’s dividend payout ratio is currently 96.72%.

Analysts Set New Price Targets

RHI has been the topic of a number of recent research reports. Truist Financial raised 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 research note on Friday, December 13th. JPMorgan Chase & Co. dropped 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. StockNews.com cut Robert Half from a “buy” rating to a “hold” rating in a research report on Friday. BNP Paribas raised Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 price objective on the stock in a research report on Monday, February 10th. Finally, Barclays raised Robert Half from an “underweight” rating to an “equal weight” rating and increased their price objective for the company 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 company. Based on data from MarketBeat.com, Robert Half currently 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.