MSH Capital Advisors LLC Invests $892,000 in Robert Half Inc. (NYSE:RHI)

MSH Capital Advisors LLC bought a new stake in shares of Robert Half Inc. (NYSE:RHI) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 12,664 shares of the business services provider’s stock, valued at approximately $892,000.

Several other large investors have also recently bought and sold shares of 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 valued at $25,000 after purchasing an additional 313 shares during the period. Headlands Technologies LLC bought a new stake in Robert Half in the 4th quarter valued at $26,000. Signaturefd LLC raised its stake in shares of Robert Half by 121.3% in the 4th quarter. Signaturefd LLC now owns 436 shares of the business services provider’s stock valued at $31,000 after buying an additional 239 shares in the last quarter. Eastern Bank bought a new position in shares of Robert Half during the 4th quarter worth about $35,000. Finally, V Square Quantitative Management LLC boosted its position in shares of Robert Half by 70.6% during the 4th 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 in the last quarter. 92.41% of the stock is currently owned by institutional investors and hedge funds.

Robert Half Stock Performance

Shares of NYSE RHI opened at $48.33 on Wednesday. The stock has a market capitalization of $4.94 billion, a PE ratio of 19.81 and a beta of 1.13. Robert Half Inc. has a 52 week low of $44.97 and a 52 week high of $78.41. The stock has a 50 day moving average price of $55.00 and a 200 day moving average price of $65.05.

Robert Half (NYSE:RHI) last announced its quarterly 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, research analysts forecast that Robert Half Inc. will post 2.48 EPS for the current year.

Robert Half Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Tuesday, February 25th were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 4.88%. The ex-dividend date was Tuesday, February 25th. This is a boost from Robert Half’s previous quarterly dividend of $0.53. Robert Half’s dividend payout ratio is 96.72%.

Analyst Ratings Changes

Several research analysts have issued reports on the company. JPMorgan Chase & Co. cut their price objective on Robert Half from $69.00 to $65.00 and set a “neutral” rating for the company in a report on Thursday, January 30th. StockNews.com lowered shares of Robert Half from a “buy” rating to a “hold” rating in a research report on Tuesday. Truist Financial cut their target price on shares of Robert Half from $90.00 to $60.00 and set a “buy” rating for the company in a research note on Tuesday. BNP Paribas upgraded Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 price target on the stock in a research report on Monday, February 10th. Finally, Barclays reduced their price objective on Robert Half from $80.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 10th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $64.92.

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.