Robert Half Inc. (NYSE:RHI) Stock Position Raised by Treasurer of the State of North Carolina

Treasurer of the State of North Carolina raised its position in shares of Robert Half Inc. (NYSE:RHI) by 0.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 44,483 shares of the business services provider’s stock after purchasing an additional 280 shares during the quarter. Treasurer of the State of North Carolina’s holdings in Robert Half were worth $3,134,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of RHI. Exchange Traded Concepts LLC boosted its position in Robert Half by 1.4% during the 4th quarter. Exchange Traded Concepts LLC now owns 12,326 shares of the business services provider’s stock worth $868,000 after acquiring an additional 166 shares during the period. Fifth Third Wealth Advisors LLC lifted its position in shares of Robert Half by 5.8% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 3,355 shares of the business services provider’s stock worth $236,000 after purchasing an additional 183 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Robert Half by 0.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 30,716 shares of the business services provider’s stock valued at $2,164,000 after acquiring an additional 205 shares during the period. Quadrant Capital Group LLC lifted its stake in shares of Robert Half by 11.3% in the fourth quarter. Quadrant Capital Group LLC now owns 2,155 shares of the business services provider’s stock valued at $152,000 after buying an additional 218 shares during the period. Finally, Nomura Asset Management Co. Ltd. lifted its position in shares of Robert Half by 39.3% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 780 shares of the business services provider’s stock worth $55,000 after acquiring an additional 220 shares during the period. Hedge funds and other institutional investors own 92.41% of the company’s stock.

Robert Half Price Performance

RHI stock opened at $48.03 on Thursday. The stock has a market capitalization of $4.91 billion, a price-to-earnings ratio of 19.68 and a beta of 1.13. The business has a fifty day moving average price of $54.75 and a 200 day moving average price of $64.93. Robert Half Inc. has a fifty-two week low of $44.97 and a fifty-two week high of $78.41.

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

Robert Half Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Tuesday, February 25th were paid a dividend of $0.59 per share. This is a boost from Robert Half’s previous quarterly dividend of $0.53. This represents a $2.36 annualized dividend and a dividend yield of 4.91%. The ex-dividend date was Tuesday, February 25th. Robert Half’s dividend payout ratio is 96.72%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on RHI shares. BNP Paribas upgraded shares of Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 price target on the stock in a research note on Monday, February 10th. StockNews.com cut shares of Robert Half from a “buy” rating to a “hold” rating in a research note on Tuesday. Barclays cut their price target on shares of Robert Half from $80.00 to $50.00 and set an “equal weight” rating for the company in a research note on Thursday, April 10th. Truist Financial cut their target price on Robert Half from $90.00 to $60.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, JPMorgan Chase & Co. lowered their price target 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. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $64.92.

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.