Schroder Investment Management Group Raises Stake in Robert Half Inc. (NYSE:RHI)

Schroder Investment Management Group boosted its position in shares of Robert Half Inc. (NYSE:RHI) by 124.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 724,419 shares of the business services provider’s stock after acquiring an additional 401,369 shares during the period. Schroder Investment Management Group owned about 0.70% of Robert Half worth $50,956,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of RHI. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Robert Half by 613.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 364 shares of the business services provider’s stock valued at $25,000 after buying an additional 313 shares during the last quarter. Signaturefd LLC boosted its position in shares of Robert Half by 121.3% during the 4th quarter. Signaturefd LLC now owns 436 shares of the business services provider’s stock worth $31,000 after acquiring an additional 239 shares in the last quarter. Eastern Bank purchased a new position in shares of Robert Half in the 4th quarter valued at about $35,000. V Square Quantitative Management LLC raised its position in shares of 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 acquiring an additional 281 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its stake in Robert Half by 39.3% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 780 shares of the business services provider’s stock worth $55,000 after purchasing an additional 220 shares during the last quarter. 92.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Truist Financial raised shares of Robert Half from a “hold” rating to a “buy” rating and raised their price objective for the stock 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. Barclays upgraded shares of Robert Half from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $60.00 to $80.00 in a research note on Friday, January 3rd. JPMorgan Chase & Co. cut their target price 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. Finally, BNP Paribas raised Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 target price for the company in a research report on Monday, February 10th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $74.92.

Robert Half Stock Up 1.3 %

NYSE RHI opened at $54.58 on Tuesday. The business’s 50-day moving average price is $59.23 and its 200 day moving average price is $66.38. The firm has a market cap of $5.58 billion, a P/E ratio of 22.37 and a beta of 1.22. Robert Half Inc. has a 52-week low of $51.55 and a 52-week high of $79.27.

Robert Half (NYSE:RHI) last announced its earnings results on Wednesday, January 29th. The business services provider reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.01). Robert Half had a net margin of 4.34% and a return on equity of 17.20%. As a group, analysts anticipate that Robert Half Inc. will post 2.48 earnings per share for the current year.

Robert Half Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Tuesday, February 25th were given a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $2.36 dividend on an annualized basis and a yield of 4.32%. This is an increase from Robert Half’s previous quarterly dividend of $0.53. 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.