Robert Half Inc. (NYSE:RHI) Shares Acquired by Seizert Capital Partners LLC

Seizert Capital Partners LLC boosted its holdings in Robert Half Inc. (NYSE:RHI) by 7.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 587,680 shares of the business services provider’s stock after acquiring an additional 40,596 shares during the period. Robert Half accounts for about 1.9% of Seizert Capital Partners LLC’s portfolio, making the stock its 23rd largest holding. Seizert Capital Partners LLC’s holdings in Robert Half were worth $41,408,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in RHI. Exchange Traded Concepts LLC raised its holdings in Robert Half by 1.4% in the fourth quarter. Exchange Traded Concepts LLC now owns 12,326 shares of the business services provider’s stock valued at $868,000 after acquiring an additional 166 shares in the last quarter. Fifth Third Wealth Advisors LLC raised its holdings in shares of Robert Half by 5.8% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 3,355 shares of the business services provider’s stock valued at $236,000 after purchasing an additional 183 shares in the last quarter. Private Trust Co. NA lifted its position in shares of Robert Half by 79.7% during the 3rd quarter. Private Trust Co. NA now owns 433 shares of the business services provider’s stock worth $29,000 after purchasing an additional 192 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in shares of Robert Half by 0.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 30,716 shares of the business services provider’s stock worth $2,164,000 after purchasing an additional 205 shares in the last quarter. Finally, M&T Bank Corp increased its holdings in Robert Half by 3.7% in the third quarter. M&T Bank Corp now owns 6,419 shares of the business services provider’s stock valued at $432,000 after buying an additional 227 shares during the last quarter. 92.41% of the stock is currently owned by hedge funds and other institutional investors.

Robert Half Price Performance

RHI stock opened at $55.04 on Wednesday. The company has a market cap of $5.63 billion, a price-to-earnings ratio of 22.56 and a beta of 1.23. The company has a fifty day moving average price of $65.43 and a 200 day moving average price of $67.53. Robert Half Inc. has a 12 month low of $54.91 and a 12 month high of $81.86.

Robert Half (NYSE:RHI) last announced 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%. 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 business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Tuesday, February 25th will be paid a $0.59 dividend. This is an increase from Robert Half’s previous quarterly dividend of $0.53. This represents a $2.36 annualized dividend and a dividend yield of 4.29%. The ex-dividend date is Tuesday, February 25th. Robert Half’s dividend payout ratio (DPR) is 96.72%.

Wall Street Analysts Forecast Growth

RHI has been the subject of a number of recent analyst reports. Barclays raised Robert Half from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $60.00 to $80.00 in a report on Friday, January 3rd. JPMorgan Chase & Co. lowered their price target on Robert Half from $69.00 to $65.00 and set a “neutral” rating for the company in a report on Thursday, January 30th. Truist Financial upgraded shares of Robert Half from a “hold” rating to a “buy” rating and increased their price target for the company from $62.00 to $90.00 in a research note on Friday, December 13th. BNP Paribas upgraded shares of Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 target price for the company in a report on Monday, February 10th. Finally, StockNews.com upgraded shares of Robert Half from a “hold” rating to a “buy” rating in a research note on Thursday, February 27th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus 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.