Barclays PLC Acquires 8,636 Shares of Robert Half Inc. (NYSE:RHI)

Barclays PLC raised its holdings in Robert Half Inc. (NYSE:RHI) by 2.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 352,869 shares of the business services provider’s stock after buying an additional 8,636 shares during the period. Barclays PLC’s holdings in Robert Half were worth $24,865,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Van ECK Associates Corp raised its stake in Robert Half by 24.1% in the 4th quarter. Van ECK Associates Corp now owns 85,878 shares of the business services provider’s stock valued at $6,051,000 after acquiring an additional 16,668 shares during the period. SG Americas Securities LLC increased its holdings in shares of Robert Half by 347.9% in the fourth quarter. SG Americas Securities LLC now owns 16,586 shares of the business services provider’s stock valued at $1,169,000 after purchasing an additional 12,883 shares during the last quarter. Smartleaf Asset Management LLC raised its position in shares of Robert Half by 48.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 794 shares of the business services provider’s stock valued at $56,000 after purchasing an additional 258 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Robert Half by 20.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 270,467 shares of the business services provider’s stock worth $18,232,000 after buying an additional 46,100 shares during the last quarter. Finally, Tributary Capital Management LLC boosted its holdings in shares of Robert Half by 46.3% during the 4th quarter. Tributary Capital Management LLC now owns 13,575 shares of the business services provider’s stock worth $956,000 after buying an additional 4,299 shares during the period. 92.41% of the stock is owned by institutional investors and hedge funds.

Robert Half Stock Performance

RHI opened at $45.40 on Friday. Robert Half Inc. has a 52-week low of $44.97 and a 52-week high of $78.41. The firm has a market cap of $4.63 billion, a P/E ratio of 18.61 and a beta of 1.13. The business’s fifty day moving average is $54.25 and its 200-day moving average is $64.66.

Robert Half (NYSE:RHI) last announced its quarterly earnings data 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 return on equity of 17.20% and a net margin of 4.34%. On average, research analysts predict that Robert Half Inc. will post 2.48 earnings per share for the current fiscal year.

Robert Half Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Tuesday, February 25th were given a dividend of $0.59 per share. This is an increase from Robert Half’s previous quarterly dividend of $0.53. This represents a $2.36 annualized dividend and a yield of 5.20%. The ex-dividend date was Tuesday, February 25th. Robert Half’s payout ratio is currently 96.72%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Barclays cut their price objective on shares of Robert Half from $80.00 to $50.00 and set an “equal weight” rating for the company in a research report on Thursday, April 10th. StockNews.com downgraded Robert Half from a “buy” rating to a “hold” rating in a research note on Tuesday. JPMorgan Chase & Co. lowered their price objective 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. Truist Financial reduced 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 report on Tuesday. Finally, BNP Paribas raised 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 report on Monday, February 10th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Robert Half presently has an average rating of “Hold” and an average price target of $64.92.

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.