CoreFirst Bank & Trust Invests $78,000 in Robert Half Inc. (NYSE:RHI)

CoreFirst Bank & Trust acquired a new stake in shares of Robert Half Inc. (NYSE:RHI) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 1,100 shares of the business services provider’s stock, valued at approximately $78,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of RHI. Boston Partners raised its stake in Robert Half by 17.5% during the 4th quarter. Boston Partners now owns 8,554,276 shares of the business services provider’s stock worth $602,867,000 after acquiring an additional 1,271,237 shares during the period. Point72 Asset Management L.P. bought a new position in shares of Robert Half in the third quarter worth approximately $41,096,000. Janus Henderson Group PLC increased its stake in shares of 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 worth $31,249,000 after purchasing an additional 413,664 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its position in shares of 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 valued at $90,534,000 after purchasing an additional 225,210 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in shares of Robert Half during the 4th quarter valued at $15,491,000. 92.41% of the stock is currently owned by hedge funds and other institutional investors.

Robert Half Price Performance

NYSE RHI opened at $53.45 on Wednesday. Robert Half Inc. has a 1-year low of $51.55 and a 1-year high of $79.77. The business has a 50 day simple moving average of $60.84 and a two-hundred day simple moving average of $66.65. The stock has a market capitalization of $5.46 billion, a PE ratio of 21.91 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 EPS 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%. On average, analysts anticipate that Robert Half Inc. will post 2.48 EPS for the current fiscal year.

Robert Half Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Tuesday, February 25th were paid a $0.59 dividend. This is a boost from Robert Half’s previous quarterly dividend of $0.53. This represents a $2.36 dividend on an annualized basis and a dividend yield of 4.42%. The ex-dividend date of this dividend was Tuesday, February 25th. Robert Half’s dividend payout ratio (DPR) is presently 96.72%.

Wall Street Analysts Forecast Growth

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

Robert Half Company 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.