Robert Half Inc. (NYSE:RHI) Shares Sold by WINTON GROUP Ltd

WINTON GROUP Ltd trimmed its holdings in Robert Half Inc. (NYSE:RHI) by 7.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,655 shares of the business services provider’s stock after selling 1,235 shares during the quarter. WINTON GROUP Ltd’s holdings in Robert Half were worth $1,033,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Robert Half by 613.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 364 shares of the business services provider’s stock worth $25,000 after purchasing an additional 313 shares in the last quarter. CoreFirst Bank & Trust purchased a new position in Robert Half during the 4th quarter worth approximately $78,000. LPL Financial LLC lifted its stake in Robert Half by 12.8% in the fourth quarter. LPL Financial LLC now owns 35,554 shares of the business services provider’s stock valued at $2,505,000 after buying an additional 4,021 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Robert Half in the fourth quarter valued at approximately $1,754,000. Finally, American Century Companies Inc. boosted its holdings in shares of Robert Half by 6.4% in the fourth quarter. American Century Companies Inc. now owns 197,696 shares of the business services provider’s stock valued at $13,930,000 after acquiring an additional 11,854 shares during the period. 92.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently commented on the stock. StockNews.com downgraded shares of Robert Half from a “buy” rating to a “hold” rating in a research report on Friday, March 21st. Barclays upgraded shares of Robert Half from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $60.00 to $80.00 in a research note on Friday, January 3rd. Truist Financial upgraded Robert Half from a “hold” rating to a “buy” rating and boosted their price target for the company from $62.00 to $90.00 in a research report on Friday, December 13th. BNP Paribas upgraded Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 target price on the stock in a research note on Monday, February 10th. Finally, JPMorgan Chase & Co. cut their price target on Robert Half from $69.00 to $65.00 and set a “neutral” rating for the company in a research note on Thursday, January 30th. Four 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.com, the company currently has an average rating of “Hold” and an average price target of $74.92.

Robert Half Trading Down 2.1 %

Shares of RHI stock opened at $53.86 on Friday. Robert Half Inc. has a 12-month low of $51.55 and a 12-month high of $79.27. The stock has a 50 day simple moving average of $59.55 and a 200-day simple moving average of $66.41. The company has a market cap of $5.50 billion, a price-to-earnings ratio of 22.07 and a beta of 1.22.

Robert Half (NYSE:RHI) last posted its quarterly earnings results on Wednesday, January 29th. The business services provider reported $0.53 earnings per share (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, equities analysts forecast that Robert Half Inc. will post 2.48 earnings per share for the current fiscal year.

Robert Half Increases Dividend

The firm also recently announced 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 4.38%. This is a boost from Robert Half’s previous quarterly dividend of $0.53. Robert Half’s payout ratio is presently 96.72%.

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.