New Age Alpha Advisors LLC Invests $353,000 in Robert Half Inc. (NYSE:RHI)

New Age Alpha Advisors LLC acquired a new position in Robert Half Inc. (NYSE:RHI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,005 shares of the business services provider’s stock, valued at approximately $353,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Robert Half by 613.7% in the 4th 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 during the last quarter. Signaturefd LLC lifted its stake in shares of Robert Half by 121.3% in the fourth quarter. Signaturefd LLC now owns 436 shares of the business services provider’s stock valued at $31,000 after buying an additional 239 shares during the period. Eastern Bank acquired a new stake in Robert Half during the fourth quarter worth about $35,000. V Square Quantitative Management LLC increased its stake in Robert Half by 70.6% during the fourth quarter. V Square Quantitative Management LLC now owns 679 shares of the business services provider’s stock valued at $48,000 after acquiring an additional 281 shares during the period. Finally, Friedenthal Financial bought a new stake in shares of Robert Half in the 4th quarter worth approximately $56,000. Institutional investors own 92.41% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Robert Half Stock Performance

Shares of RHI opened at $53.96 on Wednesday. The company has a market cap of $5.51 billion, a price-to-earnings ratio of 22.12 and a beta of 1.22. The stock has a fifty day moving average price of $59.23 and a two-hundred day moving average price of $66.38. Robert Half Inc. has a 52-week low of $51.55 and a 52-week high of $78.41.

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

Robert Half Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Tuesday, February 25th were issued a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 4.37%. This is a positive change from Robert Half’s previous quarterly dividend of $0.53. Robert Half’s dividend payout ratio (DPR) is currently 96.72%.

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.