Victory Capital Management Inc. Lowers Position in Robert Half Inc. (NYSE:RHI)

Victory Capital Management Inc. lessened its stake in Robert Half Inc. (NYSE:RHI) by 27.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 443,201 shares of the business services provider’s stock after selling 170,551 shares during the period. Victory Capital Management Inc. owned about 0.43% of Robert Half worth $31,228,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of RHI. Covestor Ltd lifted its position in shares of Robert Half by 11.9% during the 3rd quarter. Covestor Ltd now owns 3,965 shares of the business services provider’s stock valued at $267,000 after buying an additional 421 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its position in shares of Robert Half by 0.9% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 30,957 shares of the business services provider’s stock valued at $2,087,000 after buying an additional 290 shares in the last quarter. Venturi Wealth Management LLC lifted its position in shares of Robert Half by 310.3% during the 3rd quarter. Venturi Wealth Management LLC now owns 796 shares of the business services provider’s stock valued at $54,000 after buying an additional 602 shares in the last quarter. WCM Investment Management LLC lifted its position in shares of Robert Half by 345.1% during the 3rd quarter. WCM Investment Management LLC now owns 18,735 shares of the business services provider’s stock valued at $1,262,000 after buying an additional 14,526 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC lifted its position in shares of Robert Half by 79.6% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 12,813 shares of the business services provider’s stock valued at $864,000 after buying an additional 5,679 shares in the last quarter. Hedge funds and other institutional investors own 92.41% of the company’s stock.

Robert Half Price Performance

Shares of Robert Half stock opened at $54.74 on Monday. The business has a 50-day moving average of $64.13 and a 200 day moving average of $67.32. Robert Half Inc. has a 12 month low of $53.53 and a 12 month high of $81.86. The stock has a market capitalization of $5.59 billion, a price-to-earnings ratio of 22.44 and a beta of 1.22.

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%. Equities research 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 announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Tuesday, February 25th will be issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 4.31%. This is a boost from Robert Half’s previous quarterly dividend of $0.53. The ex-dividend date is Tuesday, February 25th. Robert Half’s dividend payout ratio (DPR) is 96.72%.

Analysts Set New Price Targets

RHI has been the topic of a number of recent analyst reports. Barclays upgraded Robert Half from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $60.00 to $80.00 in a research report on Friday, January 3rd. StockNews.com upgraded Robert Half from a “hold” rating to a “buy” rating in a research report on Thursday, February 27th. JPMorgan Chase & Co. decreased 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. Truist Financial raised Robert Half from a “hold” rating to a “buy” rating and increased their price objective for the company from $62.00 to $90.00 in a research note on Friday, December 13th. 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 note on Monday, February 10th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Robert Half currently has an average rating of “Moderate Buy” and an average target price of $74.92.

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.