Robert Half Inc. (NYSE:RHI) Shares Acquired by Ieq Capital LLC

Ieq Capital LLC lifted its holdings in shares of Robert Half Inc. (NYSE:RHI) by 24.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 228,033 shares of the business services provider’s stock after buying an additional 44,704 shares during the period. Ieq Capital LLC owned approximately 0.22% of Robert Half worth $16,067,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Alberta Investment Management Corp acquired a new stake in shares of Robert Half during the fourth quarter worth about $1,133,000. New York State Common Retirement Fund boosted its stake in shares of Robert Half by 11.7% during the fourth quarter. New York State Common Retirement Fund now owns 167,302 shares of the business services provider’s stock worth $11,788,000 after buying an additional 17,509 shares during the period. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in shares of Robert Half during the fourth quarter worth about $346,000. Cardinal Capital Management boosted its stake in shares of Robert Half by 1.1% during the fourth quarter. Cardinal Capital Management now owns 36,509 shares of the business services provider’s stock worth $2,572,000 after buying an additional 408 shares during the period. Finally, Venturi Wealth Management LLC boosted its stake in shares of Robert Half by 108.4% during the fourth quarter. Venturi Wealth Management LLC now owns 1,659 shares of the business services provider’s stock worth $117,000 after buying an additional 863 shares during the period. Institutional investors and hedge funds own 92.41% of the company’s stock.

Robert Half Trading Up 1.1 %

RHI stock opened at $60.44 on Thursday. The firm has a 50 day moving average of $67.67 and a 200-day moving average of $67.57. Robert Half Inc. has a 12-month low of $57.05 and a 12-month high of $83.25. The company has a market cap of $6.18 billion, a price-to-earnings ratio of 24.77 and a beta of 1.23.

Robert Half (NYSE:RHI) last posted its quarterly earnings results on Wednesday, January 29th. The business services provider reported $0.53 earnings per share (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%. Sell-side analysts forecast that Robert Half Inc. will post 2.53 earnings per share for the current fiscal year.

Robert Half Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Tuesday, February 25th will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.90%. This is an increase from Robert Half’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Tuesday, February 25th. Robert Half’s dividend payout ratio (DPR) is presently 96.72%.

Insider Activity

In other news, Director Dirk A. Kempthorne sold 1,032 shares of Robert Half stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $74.35, for a total transaction of $76,729.20. Following the completion of the sale, the director now directly owns 12,310 shares in the company, valued at approximately $915,248.50. This trade represents a 7.73 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.00% of the company’s stock.

Wall Street Analyst Weigh In

RHI has been the subject of several recent research reports. Truist Financial upgraded shares of Robert Half from a “hold” rating to a “buy” rating and increased their target price for the stock from $62.00 to $90.00 in a research note on Friday, December 13th. Barclays upgraded shares of Robert Half from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $60.00 to $80.00 in a research report on Friday, January 3rd. BNP Paribas upgraded shares of 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. Finally, JPMorgan Chase & Co. reduced 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. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Robert Half currently has a consensus rating of “Hold” and an average target price of $74.92.

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.