Robert Half Inc. (NYSE:RHI) Shares Sold by Blair William & Co. IL

Blair William & Co. IL cut its stake in Robert Half Inc. (NYSE:RHI) by 2.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,562 shares of the business services provider’s stock after selling 1,800 shares during the period. Blair William & Co. IL owned 0.07% of Robert Half worth $4,831,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Boston Partners increased its position in shares of Robert Half by 17.5% in the 4th quarter. Boston Partners now owns 8,554,276 shares of the business services provider’s stock worth $602,867,000 after purchasing an additional 1,271,237 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in Robert Half in the third quarter valued at about $41,096,000. Janus Henderson Group PLC increased its holdings in Robert Half by 828.9% in the third quarter. Janus Henderson Group PLC now owns 463,570 shares of the business services provider’s stock valued at $31,249,000 after buying an additional 413,664 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its stake in Robert Half by 20.1% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,343,030 shares of the business services provider’s stock valued at $90,534,000 after buying an additional 225,210 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in Robert Half during the 4th quarter worth approximately $15,491,000. 92.41% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on RHI shares. Barclays raised 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. JPMorgan Chase & Co. dropped their target price 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. Truist Financial raised shares of Robert Half from a “hold” rating to a “buy” rating and lifted their price target for the company from $62.00 to $90.00 in a report on Friday, December 13th. StockNews.com lowered shares of Robert Half from a “buy” rating to a “hold” rating in a research note on Friday, March 21st. Finally, BNP Paribas upgraded Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 target price for the company in a research note on Monday, February 10th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Robert Half currently has an average rating of “Hold” and a consensus target price of $74.92.

Robert Half Stock Down 2.1 %

Shares of NYSE:RHI opened at $53.86 on Monday. Robert Half Inc. has a fifty-two week low of $51.55 and a fifty-two week high of $79.27. The company has a market cap of $5.50 billion, a PE ratio of 22.07 and a beta of 1.22. The company’s 50-day moving average price is $59.55 and its 200 day moving average price is $66.41.

Robert Half (NYSE:RHI) last announced its quarterly 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 analysts anticipate that Robert Half Inc. will post 2.48 EPS for the current year.

Robert Half Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Tuesday, February 25th were paid a dividend of $0.59 per share. This is a boost from Robert Half’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $2.36 annualized dividend and a yield of 4.38%. Robert Half’s dividend payout ratio (DPR) 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.