Kiltearn Partners LLP Sells 29,900 Shares of Robert Half Inc. (NYSE:RHI)

Kiltearn Partners LLP cut its position in shares of Robert Half Inc. (NYSE:RHI) by 8.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 308,500 shares of the business services provider’s stock after selling 29,900 shares during the quarter. Robert Half accounts for about 3.6% of Kiltearn Partners LLP’s portfolio, making the stock its 11th biggest holding. Kiltearn Partners LLP owned about 0.30% of Robert Half worth $21,737,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Robert Half by 613.7% during the 4th 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 in the last quarter. Private Trust Co. NA grew its position in Robert Half by 79.7% in the third quarter. Private Trust Co. NA now owns 433 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 192 shares in the last quarter. Signaturefd LLC increased its stake in Robert Half by 121.3% in the 4th quarter. Signaturefd LLC now owns 436 shares of the business services provider’s stock valued at $31,000 after buying an additional 239 shares during the last quarter. Eastern Bank bought a new stake in Robert Half during the 4th quarter worth about $35,000. Finally, V Square Quantitative Management LLC lifted its position in 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 buying an additional 281 shares in the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on RHI shares. StockNews.com downgraded Robert Half from a “buy” rating to a “hold” rating in a research report on Friday, March 21st. Truist Financial raised Robert Half from a “hold” rating to a “buy” rating and boosted their price target for the stock from $62.00 to $90.00 in a research report on Friday, December 13th. JPMorgan Chase & Co. cut their price objective on Robert Half from $69.00 to $65.00 and set a “neutral” rating for the company in a report on Thursday, January 30th. BNP Paribas upgraded shares of Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 target price on the stock in a report on Monday, February 10th. Finally, Barclays raised shares of Robert Half from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $60.00 to $80.00 in a research report on Friday, January 3rd. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $74.92.

Robert Half Trading Up 1.9 %

RHI opened at $54.97 on Friday. The stock’s fifty day simple moving average is $59.89 and its 200 day simple moving average is $66.43. Robert Half Inc. has a 1-year low of $51.55 and a 1-year high of $79.77. The stock has a market cap of $5.62 billion, a PE ratio of 22.53 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 (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%. Equities analysts forecast 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. Stockholders of record on Tuesday, February 25th were given 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 annualized dividend and a dividend yield of 4.29%. Robert Half’s dividend payout ratio is presently 96.72%.

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.