3,262 Shares in Robert Half Inc. (NYSE:RHI) Bought by Poinciana Advisors Group LLC

Poinciana Advisors Group LLC bought a new position in Robert Half Inc. (NYSE:RHI) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 3,262 shares of the business services provider’s stock, valued at approximately $230,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Exchange Traded Concepts LLC lifted its stake in shares of 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 last quarter. Fifth Third Wealth Advisors LLC lifted its position in 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 acquiring an additional 183 shares during the last quarter. Private Trust Co. NA boosted its holdings in Robert Half by 79.7% during the third quarter. Private Trust Co. NA now owns 433 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 192 shares during the period. Nisa Investment Advisors LLC grew 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 purchasing an additional 205 shares during the last quarter. Finally, M&T Bank Corp grew its position in shares of Robert Half by 3.7% in the third quarter. M&T Bank Corp now owns 6,419 shares of the business services provider’s stock valued at $432,000 after purchasing an additional 227 shares during the last quarter. Institutional investors own 92.41% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on RHI. Truist Financial raised Robert Half from a “hold” rating to a “buy” rating and raised their price target for the company from $62.00 to $90.00 in a research report on Friday, December 13th. BNP Paribas raised 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. 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. Barclays raised Robert Half from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $60.00 to $80.00 in a research report on Friday, January 3rd. Finally, StockNews.com downgraded Robert Half from a “buy” rating to a “hold” rating in a research report on Wednesday. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $74.92.

Robert Half Stock Performance

NYSE RHI opened at $53.06 on Friday. The firm has a 50-day simple moving average of $62.81 and a 200 day simple moving average of $67.02. Robert Half Inc. has a twelve month low of $51.55 and a twelve month high of $81.85. The stock has a market cap of $5.42 billion, a PE ratio of 21.75 and a beta of 1.22.

Robert Half (NYSE:RHI) last released its earnings results on Wednesday, January 29th. The business services provider reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.01). Robert Half had a net margin of 4.34% and a return on equity of 17.20%. Research 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 declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders 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. 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 4.45%. Robert Half’s dividend payout ratio (DPR) is currently 96.72%.

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.