Alpine Woods Capital Investors LLC Purchases New Position in Robert Half Inc. (NYSE:RHI)

Alpine Woods Capital Investors LLC purchased a new stake in shares of Robert Half Inc. (NYSE:RHI) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 8,500 shares of the business services provider’s stock, valued at approximately $599,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in RHI. Mawer Investment Management Ltd. grew its holdings in shares of Robert Half by 28.9% during the 3rd quarter. Mawer Investment Management Ltd. now owns 4,681,340 shares of the business services provider’s stock valued at $315,569,000 after purchasing an additional 1,049,005 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Robert Half during the 3rd quarter valued at approximately $41,096,000. Janus Henderson Group PLC grew its holdings in Robert Half by 828.9% during the 3rd quarter. Janus Henderson Group PLC now owns 463,570 shares of the business services provider’s stock worth $31,249,000 after acquiring an additional 413,664 shares during the last quarter. Pzena Investment Management LLC grew its holdings in Robert Half by 41.9% during the 3rd quarter. Pzena Investment Management LLC now owns 1,027,683 shares of the business services provider’s stock worth $69,276,000 after acquiring an additional 303,421 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its holdings in Robert Half by 20.1% during the 3rd 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. 92.41% of the stock is owned by institutional investors.

Robert Half Trading Down 1.9 %

RHI opened at $52.03 on Friday. The company’s fifty day moving average price is $63.14 and its two-hundred day moving average price is $67.13. Robert Half Inc. has a 1-year low of $51.55 and a 1-year high of $81.85. The company has a market cap of $5.32 billion, a price-to-earnings ratio of 21.32 and a beta of 1.22.

Robert Half (NYSE:RHI) last released its quarterly earnings data 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 return on equity of 17.20% and a net margin of 4.34%. As a group, equities analysts forecast that Robert Half Inc. will post 2.48 earnings per share for the current fiscal year.

Robert Half Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Tuesday, February 25th will be paid a $0.59 dividend. This is a positive change from Robert Half’s previous quarterly dividend of $0.53. The ex-dividend date is Tuesday, February 25th. This represents a $2.36 annualized dividend and a dividend yield of 4.54%. Robert Half’s dividend payout ratio is presently 96.72%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on RHI. JPMorgan Chase & Co. reduced 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. BNP Paribas raised shares of Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 price objective on the stock in a research note on Monday, February 10th. Truist Financial upgraded shares of Robert Half from a “hold” rating to a “buy” rating and boosted their target price for the company from $62.00 to $90.00 in a research report on Friday, December 13th. StockNews.com downgraded shares of Robert Half from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Barclays upgraded shares of Robert Half from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $60.00 to $80.00 in a research report on Friday, January 3rd. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Robert Half currently has an average rating of “Hold” and an average target price of $74.92.

Robert Half Profile

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.