Teacher Retirement System of Texas Boosts Holdings in Robert Half Inc. (NYSE:RHI)

Teacher Retirement System of Texas increased its stake in Robert Half Inc. (NYSE:RHI) by 41.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 27,668 shares of the business services provider’s stock after acquiring an additional 8,056 shares during the period. Teacher Retirement System of Texas’ holdings in Robert Half were worth $1,949,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Private Trust Co. NA raised its stake 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 worth $29,000 after purchasing an additional 192 shares during the period. Signaturefd LLC raised its position 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 worth $31,000 after buying an additional 239 shares during the period. Eastern Bank acquired a new position in Robert Half in the fourth quarter valued at $35,000. V Square Quantitative Management LLC grew its position 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, Brooklyn Investment Group purchased a new stake in Robert Half during the third quarter valued at about $56,000. 92.41% of the stock is currently owned by hedge funds and other institutional investors.

Robert Half Trading Up 1.9 %

NYSE RHI opened at $54.97 on Friday. The stock has a market cap of $5.62 billion, a P/E ratio of 22.53 and a beta of 1.22. The company’s fifty day simple moving average is $59.89 and its 200-day simple moving average is $66.43. Robert Half Inc. has a 52 week low of $51.55 and a 52 week high of $79.77.

Robert Half (NYSE:RHI) last issued its quarterly earnings data 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%. On average, research analysts expect that Robert Half Inc. will post 2.48 EPS for the current fiscal 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 issued a $0.59 dividend. The ex-dividend date was Tuesday, February 25th. This represents a $2.36 dividend on an annualized basis and a yield of 4.29%. This is an increase from Robert Half’s previous quarterly dividend of $0.53. Robert Half’s dividend payout ratio is currently 96.72%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Truist Financial raised 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. Barclays raised shares of Robert Half from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $60.00 to $80.00 in a research report on Friday, January 3rd. JPMorgan Chase & Co. dropped their price objective 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. BNP Paribas upgraded shares of Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 target price on the stock in a report on Monday, February 10th. Finally, StockNews.com downgraded Robert Half from a “buy” rating to a “hold” rating in a report on Friday, March 21st. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Robert Half presently has a consensus rating of “Hold” and an average target price of $74.92.

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.