Robert Half Inc. (NYSE:RHI) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System decreased its stake in Robert Half Inc. (NYSE:RHI) by 6.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 182,166 shares of the business services provider’s stock after selling 12,757 shares during the period. California Public Employees Retirement System owned 0.18% of Robert Half worth $12,835,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Exchange Traded Concepts LLC increased its position 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 worth $868,000 after buying an additional 166 shares during the period. Fifth Third Wealth Advisors LLC increased 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 worth $236,000 after acquiring an additional 183 shares during the period. Nisa Investment Advisors LLC lifted its position in Robert Half by 0.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 30,716 shares of the business services provider’s stock valued at $2,164,000 after purchasing an additional 205 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in Robert Half by 39.3% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 780 shares of the business services provider’s stock valued at $55,000 after purchasing an additional 220 shares during the period. Finally, M&T Bank Corp grew its position in Robert Half by 3.7% in the 3rd quarter. M&T Bank Corp now owns 6,419 shares of the business services provider’s stock worth $432,000 after purchasing an additional 227 shares during the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.

Analysts Set New Price Targets

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

Robert Half Stock Down 5.1 %

NYSE:RHI opened at $48.34 on Friday. Robert Half Inc. has a 52-week low of $47.37 and a 52-week high of $78.41. The firm has a market cap of $4.94 billion, a P/E ratio of 19.81 and a beta of 1.22. The business’s 50-day moving average price is $57.73 and its 200 day moving average price is $66.03.

Robert Half (NYSE:RHI) last released 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 return on equity of 17.20% and a net margin of 4.34%. Sell-side analysts expect that Robert Half Inc. will post 2.48 EPS for the current year.

Robert Half Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Tuesday, February 25th were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 4.88%. The ex-dividend date was Tuesday, February 25th. This is an increase from Robert Half’s previous quarterly dividend of $0.53. Robert Half’s dividend payout ratio is 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.